Medpace Holdings Inc
MEDP
Health Care
1
exclusion reason
1 theme
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.
Medpace Holdings Inc. is a contract research organization (CRO) that provides clinical development services for the pharmaceutical and biotechnology industries. A core part of this business involves conducting animal testing on behalf of client companies to support regulatory submissions for new drugs and medical devices. As a CRO, Medpace designs, manages, and reports on these preclinical and clinical trials, which routinely include animal studies as a required step in the drug development process. The company’s operations are fundamentally built on the commercial exploitation of animals in research.
While specific client studies and animal usage numbers are proprietary, the company’s regulatory guidance documents and standard operating procedures explicitly cover the management of animal testing protocols. This places Medpace within the research supply chain that depends on animal experimentation. The evidence gathered, while not detailing specific violations, confirms the company’s role in an industry where animal testing is a standard, large-scale practice. Without a publicly available animal welfare policy committing to the replacement of animal models where scientifically feasible, the company’s business model remains aligned with the ongoing commercial use of animals in research.
Research Sources
1 organization
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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.
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