Industry: Health Care – Biotechnology: Pharmaceutical Preparations
Stock Symbol: VRXA – NASDAQ
Animal Usage: Animal Testing
Veraxa Biotech AG is on the Cruelty Free Investing list for exploiting animals because the company does animal testing for some of its medical analysis and clinical research.
Supporting Evidence:
The company stated in the following press release that they use animals for drug testing.
“This strategic implementation positions VERAXA ahead of the FDA’s 2025 roadmap, which encourages the phased reduction and ultimate replacement of animal testing in favor of human-relevant, non-animal and non-clinical test methods for developing safe and effective therapies.” Read the following article
VERAXA Biotech AG develops antibody-based therapeutics and antibody-drug conjugates for cancer treatment. The company develops antibody-based therapeutics, including antibody-drug conjugates and bispecific antibody formats, and offers a proprietary technology platform for functional antibody screening and bioconjugation. The company was founded in 2021 and is based in Heidelberg, Germany.
Company Website: https://www.veraxa.com