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.
Veracyte, Inc. is a molecular diagnostics company that develops genomic tests for cancer diagnosis. The company's product development pipeline includes preclinical animal testing as a standard component of its research and development activities. This testing is conducted to meet regulatory requirements for its medical products.
A 2025 research publication on prostate cancer metastasis, which identified ATAD2 as a driver of disease progression, explicitly notes that animal experiments were performed at a Veracyte laboratory facility in San Diego, California. This indicates the company maintains active in-house animal testing capabilities for its research programs. Furthermore, the company's SEC filings state that "all preclinical animal testing and clinical trials of the Company Products" are part of its development process. Veracyte is listed by Cruelty Free Investors as a company that conducts animal testing for medical research.
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.