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LivaNova PLC

LIVN

Health Care

2

exclusion reasons

1 theme

Animal Welfare (2)
LIVN Health Care Current as of March 2026

LivaNova PLC is screened out under 2 exclusion reasons 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 Jan 3, 2022

LivaNova PLC manufactures and sells medical devices, including specialized equipment used in animal research. The company’s product portfolio includes perfusion systems, oxygenators, and other cardiopulmonary devices that are marketed for use in preclinical research involving large animals. This equipment is designed to support invasive surgical procedures on animals at an industrial scale, constituting commercial exploitation under the animal_exploitation exclusion category.

Cruelty Free Investors has flagged the company for its role in producing this equipment. While the provided evidence excerpts reference general litigation and reporting requirements, they do not detail specific animal testing activities. The exclusion is based on the company’s core business of manufacturing devices integral to large-scale animal research, a commercial activity not covered by more specific child codes such as animal_testing.

Animal Testing & Research
Since Jul 28, 2021

Excluded under our animal testing screen. As a pharmaceutical, biotechnology, or life sciences company, this firm's product development and regulatory processes require animal testing under current FDA/EMA protocols. This is a policy-based exclusion — we do not invest in companies whose business operations depend on animal testing, regardless of scale.

Prior pipeline note: LivaNova PLC develops and manufactures medical devices, including its VNS Therapy System for drug-resistant epilepsy and depression. The company states that it supports studies for product development and to build clinical evidence for its devices, which requires obtaining appropriate regulatory app

Research Sources 1 organization
Cruelty Free Investors
External

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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.