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Windtree Therapeutics, Inc.

WINT

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
WINT Health Care Current as of April 2026

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.

Animal Testing & Research
Since Jan 3, 2022

Windtree Therapeutics, Inc. is a clinical-stage biotechnology company whose core business model involves the development of novel pharmaceuticals. This process inherently requires extensive animal testing as part of preclinical research and regulatory submissions to the U.S. Food and Drug Administration. The company's public filings explicitly state that its drug development programs rely on laboratory and animal tests to support Investigational New Drug (IND) applications.

An FDA Form 483 inspection report documents an animal health inspection related to Windtree Therapeutics, indicating direct regulatory oversight of its animal research activities. Further, the company has been specifically identified by third-party observers, including Cruelty Free Investors, for its involvement in animal testing. As a pharmaceutical developer with no marketed products, its operations are fundamentally dependent on animal-based research to advance its pipeline, placing it within the scope of commercial animal exploitation.

Research Sources 1 organization
Cruelty Free Investors
External

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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.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.