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.
Zai Lab Limited is a biopharmaceutical company that develops and commercializes oncology, autoimmune, and infectious disease therapies. As a drug developer, its research pipeline inherently involves animal testing for preclinical safety and efficacy studies, a standard industry practice for regulatory approval. The company’s business model is built on bringing novel therapeutics to market, a process that relies on animal data to advance candidates through clinical trials and toward commercialization. While Zai Lab is structured as a holding company, its operating subsidiaries conduct the research and development activities that necessitate animal use.
Cruelty Free Investors flags the company for involvement in animal testing. The available evidence does not specify the scale, species, or internal policies governing Zai Lab’s animal research. Without subsidiary-level disclosure, the precise nature and extent of its animal testing operations are not publicly detailed. This lack of operational transparency places the company under the general animal_exploitation category.
Research Sources
1 organization
Related Exclusions
Wondering what we do invest in?
The Naughty List
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.