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.
10x Genomics Inc. manufactures and sells single-cell analysis systems and consumables used in biomedical research. A core application of these products is preclinical animal testing, where researchers use the company's technology to analyze tissue samples from laboratory animals. The company's business model is built on enabling and scaling this type of research, which inherently involves the commercial exploitation of animals.
The company is explicitly listed by Cruelty Free Investors as a company that exploits animals, citing its role in providing equipment and consumables for animal testing. While 10x Genomics publishes a Supplier Code of Conduct, its primary business activity directly facilitates animal-based research at scale. The company's technology is designed to increase the throughput and data yield from experiments conducted on animals, making it a commercial participant in the animal research supply chain.
Research Sources
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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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