Skip to main content
← All exclusions

GEOVAX LABS INC

GOVX

1

exclusion reason

1 theme

Animal Welfare (1)
GOVX Current as of March 2026

GEOVAX LABS INC is screened out under 1 exclusion reason spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Animal Exploitation
Since Mar 12, 2026

GeoVax Labs is a biotechnology company whose core business model involves animal testing for vaccine development. The company’s pipeline of vaccine candidates, including those for HIV, cancer, and infectious diseases, requires preclinical testing in animal models as a standard regulatory step. This reliance on animal experimentation places the company within the scope of commercial animal exploitation.

A November 2025 audit report on U.S. laboratories documented hundreds of animal welfare violations, evidencing widespread suffering in research facilities. While the report did not name GeoVax specifically, the company operates within this same research and development ecosystem where such systemic issues are prevalent. The absence of publicly available, detailed animal welfare policies or a commitment to alternative testing methods indicates the company’s operations are aligned with industry practices that exploit animals at scale.

Research Sources 1 organization
Cruelty Free Investors
External

Wondering what we do invest in?

The Naughty List

A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.

RSS feed No spam · Unsubscribe anytime

Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.