Ultragenyx Pharmaceutical Inc.
RARE
Health Care
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exclusion reason
1 theme
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.
Ultragenyx Pharmaceutical Inc. is a biotechnology company that develops and commercializes therapies for rare and ultra-rare genetic diseases. Its product development pipeline, as described in its SEC filings, requires the “completion of extensive preclinical laboratory tests and preclinical animal studies” for its investigational gene therapies and biologics. This reliance on animal models is a standard, mandatory component of the regulatory approval process for novel pharmaceuticals, particularly for complex biologics like its adeno-associated virus (AAV) gene therapy candidates.
The company’s FDA submissions for product candidates, such as the UX111 gene therapy Biologics License Application, include data from nonclinical animal studies. These studies are conducted to establish safety and efficacy profiles required by regulators before human trials can commence. As a clinical-stage biopharmaceutical company, Ultragenyx’s core business model is inherently tied to animal testing as part of its research, development, and regulatory compliance activities.
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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.
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