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Novartis AG

NVS

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
NVS 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 Jan 3, 2022

Novartis AG is a global pharmaceutical company whose core business model involves extensive animal testing for drug development and regulatory approval. The company’s research and development pipeline, spanning pharmaceuticals, generics, and biosimilars, relies on preclinical animal studies as a standard practice. This places animal testing as a central, ongoing component of its operations.

The company has been a significant target of animal rights campaigns due to this activity. In the mid-2000s, Novartis was named by the Stop Huntingdon Animal Cruelty (SHAC) campaign as a customer of Huntingdon Life Sciences, a contract research organization known for animal testing. By 2009, the Animal Rights Militia claimed actions against the company, including a reported grave theft. In response to sustained protests, Novartis sought and obtained a 2014 UK High Court injunction to restrict animal rights demonstrations at its UK facilities and against its employees, citing threats and intimidation. While the injunction addressed protest tactics, it did not alter the underlying animal testing practices that prompted the campaigns.

Research Sources 1 organization
Cruelty Free Investors
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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.