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NIAGEN BIOSCIENCE INC

NAGE

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
NAGE Health Care 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

Niagen Bioscience Inc. develops and markets Niagen®, a branded form of nicotinamide riboside (NR), an ingredient sold as a dietary supplement and ingredient for consumer health products. The company's core business is the commercial exploitation of animals through animal testing. Niagen® has been tested on animals to support its regulatory submissions and marketing claims. The ingredient has achieved regulatory acceptance by the U.S. FDA, Health Canada, the European Commission, and other bodies, a process typically reliant on animal data to establish safety. In 2025, the National Advertising Division (NAD) reviewed claims about orally ingested NAD+ precursors, noting the absence of competent human evidence, which underscores the historical reliance on animal studies in this product category. The company's intellectual property and market position are built on research involving animal exploitation.

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.