TRANSMEDICS GROUP INC
TMDX
Health Care
5
exclusion reasons
3 themes
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.
TransMedics faced an FDA Citizen Petition in 2025 alleging concealment of safety issues with its Organ Care System. Multiple securities fraud lawsuits followed, alleging the company hid adverse patient outcomes.
Scorpion Capital report (January 2025) alleges TransMedics concealed data on rejected organs and misrepresented clinical outcomes. Pattern of misleading investors and regulators about organ viability rates.
Kickback and fraud class action lawsuits: Jewik v. TransMedics (Case No. 25-cv-10385). Allegations of systematic fraud in organ procurement practices.
Scorpion Capital report (Jan 2025) alleges TransMedics concealed data on rejected organs and misrepresented clinical outcomes to investors and regulators.
TransMedics develops the Organ Care System for transplant organ preservation. The technology was developed and validated using porcine (pig) heart, lung, and kidney models. Its 10-K explicitly acknowledges reliance on animal studies in the product's engineering and regulatory pathway.
Research Sources
13 organizations
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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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