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XOMA Corporation

XOMA

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
XOMA Health Care Current as of March 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

XOMA Corporation is a biotechnology company whose business model is built on developing and licensing antibody-based therapeutics. The drug discovery and development process for such products inherently requires animal testing for preclinical research and regulatory compliance. As noted by Cruelty Free Investors, the company's operations fall under the animal exploitation category due to this reliance on animal models.

The company’s historical pipeline and platform, which focuses on discovering and developing innovative antibody therapeutics, involves extensive preclinical testing in animals. For example, past development work included programs against animal and human prolactin receptors, a process that necessitates animal studies. While specific recent testing volumes or violations are not detailed in the gathered evidence, the core business of biotherapeutic development places XOMA within the scope of companies that commercially exploit animals through testing.

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.