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OCULIS HOLDING AG

OCS

1

exclusion reason

1 theme

Animal Welfare (1)
OCS 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

Oculis Holding AG is a clinical-stage biopharmaceutical company whose primary business involves the development of new drugs. A core part of this development process requires preclinical animal testing to assess the safety and efficacy of its drug candidates before they can be tested in humans. The company’s lead product candidates, including OCS-01 for eye inflammation and Licaminlimab for dry eye disease, are in late-stage clinical trials, indicating they have progressed through this necessary animal testing phase.

This reliance on animal models is standard for the biopharmaceutical industry but constitutes commercial exploitation of animals under the exclusion policy. The company’s operations are built on this research and development pathway. While no specific, publicized incidents of animal cruelty were identified in the gathered evidence, the business model is intrinsically dependent on animal use. The scale of this activity is material to the company's operations, as advancing any therapeutic candidate to clinical trials is not possible without it.

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.