Regeneron Pharmaceuticals, Inc.
REGN
Health Care
1
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.
Regeneron Pharmaceuticals is a fully integrated biotechnology company whose business model requires animal testing as a core component of its drug discovery and development process. The company states that after identifying a drug target, it is "often validated through further research in animal models." Its regulatory filings explicitly note that to market a drug product in the U.S., the company "need[s] to conduct both preclinical animal testing and human clinical trials." This includes juvenile animal studies in mice and monkeys as recommended by the FDA.
The company holds a U.S. License (No. 1760) issued by the USDA under the Animal Welfare Act and is listed in USDA inspection records. While Regeneron publishes a position statement committing to the principles of replacement, reduction, and refinement in animal research, its fundamental business of inventing and developing biologic medicines is currently dependent on animal testing to meet regulatory requirements for safety and efficacy.
Research Sources
1 organization
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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.
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