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.
ProKidney Corp is a clinical-stage biotechnology company developing a renal cell therapy. The company’s lead product candidate, REACT®, is derived from a patient’s own renal cells. The manufacturing and preclinical testing of this cell therapy involves the use of animal models. While specific details on the scale and nature of animal use are not publicly disclosed in the primary financial filings reviewed, the development pathway for such a biologic therapy inherently relies on animal testing to evaluate safety and efficacy prior to human clinical trials. This places the company’s operations within the scope of commercial animal exploitation, as defined by the exclusion category. Further specific evidence regarding the extent of animal use or any documented welfare concerns was not located in the provided source materials.
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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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