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.
Bio-Techne Corp is a global life sciences company that develops and sells tools and reagents for biomedical research and clinical diagnostics. A core part of its business involves the production of antibodies and other bioactive reagents used in preclinical drug development, which inherently requires animal testing for validation and regulatory compliance. The company is explicitly listed by Cruelty Free Investing for conducting animal testing for its medical products and clinical research.
While the company has partnered with research institutions on initiatives aimed at advancing 3D spatial biology and AI-driven modeling—initiatives cited for their potential to reduce reliance on animal testing—its primary business model remains dependent on traditional animal-based research methods. The recent FDA move to replace animal testing in specific areas, such as monoclonal antibody development, highlights a shifting regulatory landscape, but Bio-Techne's core product lines in research reagents and antibodies continue to serve a market where animal testing is standard practice.
Research Sources
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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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