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Halal stocks in the Pharmaceuticals and biotechnology sector

Halal Bourse has analyzed 309 companies in this sector, based on their latest annual report.

• 41 permitted (13.3%): under the median view thresholds, with purification.
• 126 questionable (40.8%): admitted by a more lenient view only, or one criterion remains to be verified.
• 142 prohibited (46%): impermissible activity, or thresholds exceeded under all standards.

The companies

• ELI LILLY & Co (LLY) Questionable
• JOHNSON & JOHNSON (JNJ) Permitted
• AbbVie Inc. (ABBV) Permitted
• Merck & Co., Inc. (MRK) Permitted
• AMGEN INC (AMGN) Prohibited
• GILEAD SCIENCES, INC. (GILD) Permitted
• ABBOTT LABORATORIES (ABT) Permitted
• PFIZER INC (PFE) Questionable
• BRISTOL MYERS SQUIBB CO (BMY) Prohibited
• REGENERON PHARMACEUTICALS, INC. (REGN) Questionable
• Moderna, Inc. (MRNA) Prohibited
• TEVA PHARMACEUTICAL INDUSTRIES LTD (TEVA) Questionable
• IDEXX LABORATORIES INC /DE (IDXX) Permitted
• BeOne Medicines Ltd. (ONC) Questionable
• Royalty Pharma plc (RPRX) Prohibited
• BIOGEN INC. (BIIB) Questionable
• ALNYLAM PHARMACEUTICALS, INC. (ALNY) Permitted
• Zoetis Inc. (ZTS) Questionable
• INSMED Inc (INSM) Prohibited
• Viatris Inc (VTRS) Prohibited
• Jazz Pharmaceuticals plc (JAZZ) Prohibited
• EXELIXIS, INC. (EXEL) Permitted
• BridgeBio Pharma, Inc. (BBIO) Permitted
• CORCEPT THERAPEUTICS INC (CORT) Questionable
• HALOZYME THERAPEUTICS, INC. (HALO) Prohibited
• Twist Bioscience Corp (TWST) Permitted
• MADRIGAL PHARMACEUTICALS, INC. (MDGL) Permitted
• BIO-TECHNE Corp (TECH) Permitted
• BIOMARIN PHARMACEUTICAL INC (BMRN) Questionable
• Elanco Animal Health Inc (ELAN) Questionable
• ImmunityBio, Inc. (IBRX) Questionable
• REPLIGEN CORP (RGEN) Permitted
• Krystal Biotech, Inc. (KRYS) Questionable
• Axsome Therapeutics, Inc. (AXSM) Permitted
• ARROWHEAD PHARMACEUTICALS, INC. (ARWR) Questionable
• CYTOKINETICS INC (CYTK) Questionable
• Protagonist Therapeutics, Inc (PTGX) Prohibited
• TG THERAPEUTICS, INC. (TGTX) Questionable
• IONIS PHARMACEUTICALS INC (IONS) Prohibited
• Amneal Pharmaceuticals, Inc. (AMRX) Prohibited
• Lantheus Holdings, Inc. (LNTH) Permitted
• RHYTHM PHARMACEUTICALS, INC. (RYTM) Prohibited
• IOVANCE BIOTHERAPEUTICS, INC. (IOVA) Questionable
• LIGAND PHARMACEUTICALS INC (LGND) Prohibited
• CG Oncology, Inc. (CGON) Prohibited
• Kiniksa Pharmaceuticals International, plc (KNSA) Questionable
• Mirum Pharmaceuticals, Inc. (MIRM) Permitted
• Travere Therapeutics, Inc. (TVTX) Permitted
• CRISPR Therapeutics AG (CRSP) Questionable
• PTC THERAPEUTICS, INC. (PTCT) Prohibited
• Adaptive Biotechnologies Corp (ADPT) Permitted
• AbCellera Biologics Inc. (ABCL) Prohibited
• Indivior Pharmaceuticals, Inc. (INDV) Permitted
• Relay Therapeutics, Inc. (RLAY) Prohibited
• Tango Therapeutics, Inc. (TNGX) Questionable
• Xenon Pharmaceuticals Inc. (XENE) Prohibited
• Organon & Co. (OGN) Prohibited
• ACADIA PHARMACEUTICALS INC (ACAD) Questionable
• Tarsus Pharmaceuticals, Inc. (TARS) Permitted
• Arcutis Biotherapeutics, Inc. (ARQT) Permitted
• Arcus Biosciences, Inc. (RCUS) Questionable
• PRECIGEN, INC. (PGEN) Prohibited
• MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI) Prohibited
• Zai Lab Ltd (ZLAB) Prohibited
• NEOGEN CORP (NEOG) Questionable
• NewAmsterdam Pharma Co N.V. (NAMS) Prohibited
• Celldex Therapeutics, Inc. (CLDX) Prohibited
• Nurix Therapeutics, Inc. (NRIX) Prohibited
• Immunome Inc. (IMNM) Questionable
• Harmony Biosciences Holdings, Inc. (HRMY) Questionable
• Schrodinger, Inc. (SDGR) Questionable
• ADMA BIOLOGICS, INC. (ADMA) Permitted
• Viridian Therapeutics, Inc.\DE (VRDN) Prohibited
• RECURSION PHARMACEUTICALS, INC. (RXRX) Prohibited
• Prestige Consumer Healthcare Inc. (PBH) Questionable
• Bausch Health Companies Inc. (BHC) Prohibited
• BIOCRYST PHARMACEUTICALS INC (BCRX) Permitted
• Trulieve Cannabis Corp. (TRLV) Questionable
• UroGen Pharma Ltd. (URGN) Prohibited
• PERRIGO Co plc (PRGO) Prohibited
• AGIOS PHARMACEUTICALS, INC. (AGIO) Questionable
• Vir Biotechnology, Inc. (VIR) Prohibited
• Zenas BioPharma, Inc. (ZBIO) Prohibited
• Sarepta Therapeutics, Inc. (SRPT) Questionable
• Xencor Inc (XNCR) Prohibited
• Zymeworks Inc. (ZYME) Questionable
• Nuvation Bio Inc. (NUVB) Prohibited
• Septerna, Inc. (SEPN) Prohibited
• NOVAVAX INC (NVAX) Questionable
• Intellia Therapeutics, Inc. (NTLA) Prohibited
• Xeris Biopharma Holdings, Inc. (XERS) Prohibited
• ANI PHARMACEUTICALS INC (ANIP) Permitted
• uniQure N.V. (QURE) Prohibited
• Syndax Pharmaceuticals Inc (SNDX) Prohibited
• Eton Pharmaceuticals, Inc. (ETON) Questionable
• OCULAR THERAPEUTIX, INC (OCUL) Prohibited
• Taysha Gene Therapies, Inc. (TSHA) Prohibited
• Immunocore Holdings plc (IMCR) Questionable
• PHIBRO ANIMAL HEALTH CORP (PAHC) Permitted
• Ultragenyx Pharmaceutical Inc. (RARE) Permitted
• NEKTAR THERAPEUTICS (NKTR) Prohibited
• Innoviva, Inc. (INVA) Prohibited
• Inhibrx Biosciences, Inc. (INBX) Prohibited
• Korsana Biosciences, Inc. (KRSA) Questionable
• MANNKIND CORP (MNKD) Prohibited
• OPKO HEALTH, INC. (OPK) Questionable
• HARROW, INC. (HROW) Questionable
• Amphastar Pharmaceuticals, Inc. (AMPH) Prohibited
• MeiraGTx Holdings plc (MGTX) Permitted
• Janux Therapeutics, Inc. (JANX) Prohibited
• Pacira BioSciences, Inc. (PCRX) Questionable
• Kura Oncology, Inc. (KURA) Prohibited
• Monte Rosa Therapeutics, Inc. (GLUE) Questionable
• Cryoport, Inc. (CYRX) Prohibited
• ALUMIS INC. (ALMS) Questionable
• RIGEL PHARMACEUTICALS INC (RIGL) Questionable
• Arbutus Biopharma Corp (ABUS) Prohibited
• ARDELYX, INC. (ARDX) Questionable
• LEXICON PHARMACEUTICALS, INC. (LXRX) Prohibited
• Avalo Therapeutics, Inc. (AVTX) Questionable
• GYRE THERAPEUTICS, INC. (GYRE) Questionable
• 4D Molecular Therapeutics, Inc. (FDMT) Prohibited
• QuidelOrtho Corp (QDEL) Prohibited
• Wave Life Sciences, Inc. (WVE) Prohibited
• Verastem, Inc. (VSTM) Prohibited
• COLLEGIUM PHARMACEUTICAL, INC (COLL) Questionable
• DBV Technologies S.A. (DBVT) Questionable
• Shattuck Labs, Inc. (STTK) Prohibited
• Silence Therapeutics plc (SLN) Questionable
• Aclaris Therapeutics, Inc. (ACRS) Prohibited
• IRONWOOD PHARMACEUTICALS INC (IRWD) Prohibited
• ZEVRA THERAPEUTICS, INC. (ZVRA) Questionable
• Aquestive Therapeutics, Inc. (AQST) Questionable
• Phathom Pharmaceuticals, Inc. (PHAT) Prohibited
• CorMedix Inc. (CRMD) Permitted
• CytomX Therapeutics, Inc. (CTMX) Prohibited
• Prime Medicine, Inc. (PRME) Prohibited
• Tilray Brands, Inc. (TLRY) Permitted
• CRESCENT BIOPHARMA, INC. (CBIO) Prohibited
• Vireo Growth Inc. (VREOF) Questionable
• PUMA BIOTECHNOLOGY, INC. (PBYI) Questionable
• Alpha Teknova, Inc. (TKNO) Questionable
• Evolus, Inc. (EOLS) Permitted
• ARVINAS, INC. (ARVN) Prohibited
• Ovid Therapeutics Inc. (OVID) Prohibited
• ASSEMBLY BIOSCIENCES, INC. (ASMB) Prohibited
• PROTHENA CORP PUBLIC LTD CO (PRTA) Questionable
• MYRIAD GENETICS INC (MYGN) Questionable
• ARS Pharmaceuticals, Inc. (SPRY) Questionable
• Editas Medicine, Inc. (EDIT) Prohibited
• Opus Genetics, Inc. (IRD) Questionable
• AGENUS INC (AGEN) Questionable
• C4 Therapeutics, Inc. (CCCC) Prohibited
• Arcturus Therapeutics Holdings Inc. (ARCT) Questionable
• Ocugen, Inc. (OCGN) Prohibited
• Surrozen, Inc./DE (SRZN) Prohibited
• Emergent BioSolutions Inc. (EBS) Prohibited
• BioAge Labs, Inc. (BIOA) Prohibited
• Prelude Therapeutics Inc (PRLD) Questionable
• STANDARD BIOTOOLS INC. (LAB) Prohibited
• ABEONA THERAPEUTICS INC. (ABEO) Prohibited
• Upstream Bio, Inc. (UPB) Prohibited
• FATE THERAPEUTICS INC (FATE) Prohibited
• X4 Pharmaceuticals, Inc (XFOR) Prohibited
• Vanda Pharmaceuticals Inc. (VNDA) Questionable
• Century Therapeutics, Inc. (IPSC) Prohibited
• NORTHWEST BIOTHERAPEUTICS INC (NWBO) Questionable
• Q32 Bio Inc. (QTTB) Prohibited
• LIFECORE BIOMEDICAL, INC. \DE\ (LFCR) Prohibited
• Camp4 Therapeutics Corp (CAMP) Prohibited
• SIGA TECHNOLOGIES INC (SIGA) Questionable
• Invivyd, Inc. (IVVD) Prohibited
• Akebia Therapeutics, Inc. (AKBA) Questionable
• ELITE PHARMACEUTICALS INC /NV/ (ELTP) Permitted
• Keros Therapeutics, Inc. (KROS) Questionable
• Cartesian Therapeutics, Inc. (RNAC) Prohibited
• Entrada Therapeutics, Inc. (TRDA) Questionable
• Alector, Inc. (ALEC) Questionable
• Alpha Cognition Inc. (ACOG) Questionable
• Yarrow Bioscience, Inc. (YARW) Questionable
• Journey Medical Corp (DERM) Questionable
• Cue Biopharma, Inc. (CUE) Questionable
• ORAMED PHARMACEUTICALS INC. (ORMP) Prohibited
• PRECISION BIOSCIENCES INC (DTIL) Prohibited
• Voyager Therapeutics, Inc. (VYGR) Questionable
• Humacyte, Inc. (HUMA) Prohibited
• ADC Therapeutics SA (ADCT) Prohibited
• Korro Bio, Inc. (KRRO) Questionable
• Outlook Therapeutics, Inc. (OTLK) Prohibited
• Caribou Biosciences, Inc. (CRBU) Questionable
• NRX Pharmaceuticals, Inc. (NRXP) Permitted
• Foghorn Therapeutics Inc. (FHTX) Prohibited
• Rani Therapeutics Holdings, Inc. (RANI) Prohibited
• Coya Therapeutics, Inc. (COYA) Questionable
• LENZ Therapeutics, Inc. (LENZ) Prohibited
• CUMBERLAND PHARMACEUTICALS INC (CPIX) Questionable
• Quantum Cyber N.V. (QUCY) Questionable
• Black Diamond Therapeutics, Inc. (BDTX) Prohibited
• Vaxart, Inc. (VXRT) Questionable
• Jushi Holdings Inc. (JUSH) Prohibited
• Ascend Wellness Holdings, Inc. (AAWH) Prohibited
• MEDICINOVA INC (MNOV) Prohibited
• Rallybio Corp (RLYB) Prohibited
• IMMUCELL CORP /DE/ (ICCC) Permitted
• Cardiff Oncology, Inc. (CRDF) Prohibited
• FITLIFE BRANDS, INC. (FTLF) Permitted
• Pelthos Therapeutics Inc. (PTHS) Questionable
• Rafael Holdings, Inc. (RFL) Prohibited
• Zomedica Corp. (ZOMDF) Prohibited
• Verrica Pharmaceuticals Inc. (VRCA) Questionable
• Spero Therapeutics, Inc. (SPRO) Permitted
• CHAMPIONS ONCOLOGY, INC. (CSBR) Questionable
• HERON THERAPEUTICS, INC. /DE/ (HRTX) Permitted
• Fortress Biotech, Inc. (FBIO) Prohibited
• SANGAMO THERAPEUTICS, INC (SGMOQ) Permitted
• Mereo BioPharma Group plc (MREO) Prohibited
• Xilio Therapeutics, Inc. (XLO) Questionable
• Clene Inc. (CLNN) Prohibited
• Connect Biopharma Holdings Ltd (CNTB) Prohibited
• Leef Brands Inc. (LEEEF) Questionable
• ImageneBio, Inc. (IMA) Questionable
• Celularity Inc (CELU) Questionable
• Serina Therapeutics, Inc. (SER) Questionable
• CervoMed Inc. (CRVO) Prohibited
• biote Corp. (BTMD) Prohibited
• Metagenomi Therapeutics, Inc. (MGX) Prohibited
• Actinium Pharmaceuticals, Inc. (ATNM) Prohibited
• ROCKWELL MEDICAL, INC. (RMTI) Prohibited
• Aligos Therapeutics, Inc. (ALGS) Questionable
• Scilex Holding Co (SCLX) Questionable
• IGC Pharma, Inc. (IGC) Questionable
• CHINA PHARMA HOLDINGS, INC. (CPHI) Questionable
• MARIMED INC. (MRMD) Prohibited
• ABVC BIOPHARMA, INC. (ABVC) Prohibited
• KYNTRA BIO, INC. (KYNB) Questionable
• PROVECTUS BIOPHARMACEUTICALS, INC. (PVCT) Questionable
• AYTU BIOPHARMA, INC (AYTU) Questionable
• TScan Therapeutics, Inc. (TCRX) Prohibited
• China Foods Holdings Ltd. (CFOO) Questionable
• Karyopharm Therapeutics Inc. (KPTI) Prohibited
• Lipocine Inc. (LPCN) Prohibited
• Marker Therapeutics, Inc. (MRKR) Prohibited
• Dare Bioscience, Inc. (DARE) Questionable
• Allarity Therapeutics, Inc. (ALLR) Prohibited
• LISATA THERAPEUTICS, INC. (LSTA) Prohibited
• HEALTHY EXTRACTS INC. (HYEX) Questionable
• Biofrontera Inc. (BFRI) Questionable
• MANNATECH INC (MTEX) Questionable
• Pluri Inc. (PLUR) Prohibited
• Vistagen Therapeutics, Inc. (VTGN) Questionable
• Aspira Women's Health Inc. (AWHL) Questionable
• Adia Med, Inc. (ADIA) Permitted
• NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) Questionable
• BIOMERICA INC (BMRA) Prohibited
• Zeo ScientifiX, Inc. (ZEOX) Questionable
• Traws Pharma, Inc. (TRAW) Prohibited
• Longeveron Inc. (LGVN) Questionable
• Ensysce Biosciences, Inc. (ENSC) Questionable
• AIM ImmunoTech Inc. (AIM) Prohibited
• VOLITIONRX LTD (VNRX) Permitted
• Bolt Biotherapeutics, Inc. (BOLT) Prohibited
• Lexaria Bioscience Corp. (LEXX) Permitted
• 60 DEGREES PHARMACEUTICALS, INC. (SXTP) Questionable
• Emmaus Life Sciences, Inc. (EMMA) Prohibited
• HCW Biologics Inc. (HCWB) Questionable
• CYANOTECH CORP (CYAN) Questionable
• Sunshine Biopharma Inc. (SBFM) Questionable
• PMGC Holdings Inc. (ELAB) Prohibited
• International Stem Cell CORP (ISCO) Prohibited
• CV Sciences, Inc. (CVSI) Questionable
• CURIS INC (CRIS) Permitted
• Jaguar Health, Inc. (JAGX) Prohibited
• CANNAPHARMARX, INC. (CPMD) Questionable
• AVENUE THERAPEUTICS, INC. (ATXI) Prohibited
• Evofem Biosciences, Inc. (EVFM) Questionable
• NUTRA PHARMA CORP (NPHC) Prohibited
• Target Group Inc. (CBDY) Prohibited
• Functional Brands Inc. (MEHA) Questionable
• ProPhase Labs, Inc. (PRPH) Questionable
• Regen BioPharma Inc (RGBP) Prohibited
• Synergy CHC Corp. (SNYRQ) Prohibited
• Bespoke Extracts, Inc. (BSPK) Prohibited
• LIPELLA PHARMACEUTICALS INC. (LIPO) Prohibited
• Zivo Bioscience, Inc. (ZIVO) Questionable
• VACCINEX, INC. (VCNX) Questionable
• Adaptimmune Therapeutics PLC (ADAPY) Questionable
• BioXcel Therapeutics, Inc. (BTAIQ) Prohibited
• ASTRAZENECA PLC Questionable
• Swedish Orphan Biovitrum AB (publ) Questionable
• Sartorius Stedim Biotech Questionable
• HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY Questionable
• Orion Oyj Questionable
• INDIVIOR PLC Questionable
• ALVOTECH Prohibited
• GUERBET Prohibited
• LABORATORIOS FARMACEUTICOS ROVI S.A Questionable
• Egetis Therapeutics AB (publ) Prohibited
• NAVAMEDIC ASA Questionable
• AKER BIOMARINE ASA Prohibited
• PHARMA MAR, S.A. Questionable
• Saniona AB Prohibited
• "FINE FOODS & PHARMACEUTICALS N.T.M. S.P.A." Questionable
• TRANSGENE Questionable
• IRLAB Therapeutics AB Prohibited
• INNATE PHARMA Prohibited
• OSE IMMUNOTHERAPEUTICS Prohibited
• Hyloris Pharmaceuticals Prohibited
• POXEL Prohibited
• ABIONYX PHARMA Questionable

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology