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.
Orgenesis Inc. is a biotechnology company whose core business involves animal testing. The company's primary operations include developing cell and gene therapies, a process that relies on preclinical testing using animal models. This places its commercial activity within the scope of the animal exploitation exclusion.
The company has been cited for violations of the Federal Animal Welfare Act. According to a December 2024 inspection report by the USDA’s Animal and Plant Health Inspection Service (APHIS), Orgenesis’s subsidiary, Alpha Genesis, Inc., received a critical citation. The violation involved a non-human primate that died due to complications from a restraint procedure, which the inspecting veterinarian determined could have been prevented or mitigated. This incident followed other cited violations at the same facility earlier in 2024.
This pattern of regulatory citations, including a critical violation resulting in an animal death, demonstrates a failure in animal welfare oversight integral to the company's research operations.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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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