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PHARVARIS NV

PHVS

1

exclusion reason

1 theme

Animal Welfare (1)
PHVS 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 Mar 12, 2026

Pharvaris N.V. is a clinical-stage biopharmaceutical company whose primary business activity is the development of novel oral bradykinin B2 receptor antagonists for treating hereditary angioedema and other bradykinin-mediated disorders. The company’s drug development pipeline relies on preclinical animal testing as a standard and necessary component of its research and development process.

In its public SEC filings, Pharvaris explicitly acknowledges that animal testing is integral to its operations, stating that an inability to conduct such testing “could harm our research and development activities.” The company further notes that these activities have been the subject of controversy and adverse publicity from animal rights groups. Pharvaris reports observing effects of its drug candidates “in preclinical animal” models, confirming the ongoing exploitation of animals within its development workflow. This reliance places the company within the broad category of commercial animal exploitation for product testing and development.

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.