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Legend Biotech Corp

LEGN

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
LEGN Health Care Current as of April 2026

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. But it is subject to change as our understanding of the facts evolves.

Animal Testing & Research
Since Nov 29, 2021

Legend Biotech Corporation is a clinical-stage biotechnology company whose core business is the development of cell therapies for cancer, most notably the CAR-T therapy CARVYKTI® (ciltacabtagene autoleucel). The company’s regulatory filings explicitly state that its product development process requires the “completion of preclinical laboratory tests and animal studies performed in accordance with the FDA's good laboratory practices (“GLP”) regulations.” Its research and development activities are fundamentally dependent on animal experimentation to demonstrate safety and efficacy before advancing to human clinical trials.

The company’s own Code of Conduct acknowledges this reliance, stating a commitment to “the ethical and humane treatment of animals in all aspects of our work, including research, product development, business partnerships and operations.” This formal policy confirms that animal testing is an integral and sanctioned component of its business model. As a biotechnology firm whose entire pipeline is built on preclinical research, Legend Biotech commissions, funds, and requires animal testing as a standard phase of development for all its therapeutic candidates.

Research Sources 7 organizations

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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.