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Y-mAbs Therapeutics, Inc.

YMAB

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
YMAB 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

Y-mAbs Therapeutics, Inc. is a clinical-stage biopharmaceutical company whose business model is predicated on animal testing. The company's core pipeline of antibody-based cancer therapeutics requires extensive preclinical testing in animals to advance toward regulatory approval. Its sponsored research agreements with institutions like Memorial Sloan Kettering Cancer Center explicitly anticipate the use of warm-blooded animals in research, mandating compliance with the Animal Welfare Act. This reliance on animal models is fundamental to the company's operations and product development cycle.

The company is listed by Cruelty Free Investors as a firm that conducts animal testing. As a biotechnology entity focused on novel oncology treatments, its research and development activities inherently involve animal experimentation to assess drug efficacy and safety, a standard but exclusionary practice in the pharmaceutical industry.

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.