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Lucid Diagnostics Inc..

LUCD.US | Medical and dental practice activities

Lucid Diagnostics Inc. is a commercial-stage medical diagnostics company focused on the early detection of esophageal cancer and Barrett's esophagus (BE), a precancerous condition. The company develops and commercializes products based on its proprietary technologies, including EsoGuard® Esophageal ...Show More

Ethical Profile

Mixed.

Lucid Diagnostics Inc. (LUCD.US) receives a mixed ethical rating. While the company focuses on early esophageal cancer detection, reports suggest insufficient data on its EsoGuard test's effectiveness or accessibility. Lucid Diagnostics has a formal whistleblower protection policy, prohibiting retaliation and requiring reports to the Audit Committee or Board chair. It also complies with FCPA and anti-corruption laws, and has secured FDA 510(k) clearance for EsoCheck and CE Mark for EsoCheck and EsoGuard. However, critics point to a lack of transparency data, including regulatory fines or financial restatements. The company allegedly conducts animal testing, though specific details on volume or policies are unavailable. Data security for sensitive patient information is highly material, but evidence of specific practices is insufficient.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-40
-100100
Honest & Fair Business-40
-100100
Kind to Animals-20
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No relevant evidence was found in the provided articles to assess Lucid Diagnostics Inc. against the 'Better Health for All' ethical value. resulted in a 404 error, and pertained to a different company, Jamf.

1
Therefore, no specific data points could be extracted for any of the KPIs in the rubric.

Fair Money & Economic Opportunity

0

No evidence available to assess Lucid Diagnostics Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Lucid Diagnostics Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

-40

Lucid Diagnostics' critical (Tier 1) suppliers are audited every two years.

1
Suppliers at Level 2 and 3 are assessed according to the company's quality system requirements.
2

Honest & Fair Business

-40

Lucid Diagnostics Inc. has a formal whistleblower protection policy, adopted October 14, 2021, which requires prompt reporting of violations to the Audit Committee chair or Board chair and explicitly prohibits retaliation.

1
However, there is no evidence of independent investigation processes. The company has not had any financial restatements in the past five years; the only mention of restatements refers to Churchill Capital Corp IV, a SPAC that merged with Lucid Motors, not Lucid Diagnostics.
2
The company also has a Code of Ethics, adopted October 14, 2021, which states compliance with the FCPA and anti-corruption laws of countries where it operates, and restricts gifts or payments to government officials or agents.
3
However, the policy lacks clear guidance on facilitation payments and gift thresholds.

Kind to Animals

-20

Lucid Diagnostics, through its parent PAVmed, conducted a 90-day animal study in 2019 using 9 chinchillas for its DisappEAR™ ear tube.

1
The company states it minimizes animal testing where possible by exploring alternative bench test models and designing tests to reduce the number of animals required.
2
When animal testing is necessary, it utilizes Institutional Animal Care and Use Committees (IACUCs) that adhere to the Animal Welfare Act and NIH OLAW policies.
3
The company's policy prohibits discretionary testing, but legal mandates still override alternatives.

No War, No Weapons

0

No evidence available to assess Lucid Diagnostics Inc. on No War, No Weapons.

Planet-Friendly Business

-50

In 2023, zero products and supplies were accepted for takeback and reused, recycled, or donated.

1
Through 2023, the company has had no voluntary or mandated product recalls, no FDA enforcement actions, no reported products in MedWatch Safety Alerts for Human Medical Products, and no reported fatalities as a result of product use.
2

Respect for Cultures & Communities

0

No evidence available to assess Lucid Diagnostics Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence available to assess Lucid Diagnostics Inc. on Safe & Smart Tech.

Zero Waste & Sustainable Products

0

No evidence available to assess Lucid Diagnostics Inc. on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.