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MILESTONE PHARMACEUTICALS INC

MIST

Financials

1

exclusion reason

1 theme

Animal Welfare (1)
MIST Financials Current as of March 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 Mar 12, 2026

Milestone Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company whose primary drug candidate, etripamil, is being developed for the treatment of paroxysmal supraventricular tachycardia. As a pharmaceutical developer, the company's research and development pipeline is subject to regulatory requirements for safety and efficacy testing. This inherently involves animal testing as a standard component of preclinical studies to support Investigational New Drug applications with agencies like the U.S. Food and Drug Administration. The company's operations are built upon this model of biomedical research, which commercially exploits animals in testing procedures not covered by more specific exclusion categories such as animal testing for cosmetics.

Sources:
sec.gov ↗ investors.milestonepharma.com ↗ pmc.ncbi.nlm.nih.gov ↗ peta.org ↗ journals.sagepub.com ↗

Related Issues

Animal Rights

We don't invest in companies that treat animals as commodities — factory farming, animal testing, exotic skins, entertainment. This isn't a peripheral screen. It's the original premise of the firm: avoiding preventable harm to living things requires taking animal consciousness seriously, not assuming it away.

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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.