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.
Psyence Biomedical Ltd. is a clinical-stage biotechnology company developing psychedelic-assisted psychotherapy treatments. The company’s primary business activity involves conducting clinical trials for its drug candidates, which inherently requires animal testing during the pre-clinical research and development phase to satisfy regulatory requirements for safety and efficacy.
The company’s foundational research and ongoing development pipeline are built upon data derived from animal studies. As a biopharmaceutical entity with no currently marketed products, its entire valuation and future revenue potential are contingent on successful clinical development, a process that mandates extensive animal testing. This places the commercial exploitation of animals at the core of its business model.
Research Sources
1 organization
Related Exclusions
Wondering what we do invest in?
The Naughty List
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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.