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PAVmed Inc.

PAVM

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
PAVM 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 Jul 28, 2021

PAVmed Inc. is a medical device company whose product development pipeline requires animal testing as a core component of its regulatory compliance process. The company’s Form 10-K filings explicitly state that an Investigational Device Exemption (IDE) application to the FDA “must be supported by appropriate data, such as animal and laboratory test results.” This indicates animal studies are a standard, required step in the safety testing of its devices prior to human clinical trials.

The company’s public research includes collaborations on biomarker validation that utilize animal models, and its participation in a medical technologies innovation hub listed “large animal models for immune safety testing” as part of its pre-clinical work. As a developer of novel medical devices, PAVmed operates within a sector where animal testing is typically mandated by regulatory authorities for market approval, constituting a funded and outsourced animal testing operation.

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.