NexGel, Inc.
NXGL.US | Manufacture of pharmaceuticals, medicinal chemical and botanical products
NexGel, Inc. is a biotechnology company focused on developing and manufacturing high-water-content hydrogels for various applications, including wound care, diagnostics, and transdermal drug delivery. Their core technology involves creating hydrogels with unique properties, such as biocompatibility,...Show More
Better Health for All
-20
NexGel's core business is the development and manufacturing of hydrogels for a wide range of medical, therapeutic, and cosmetic applications, including wound care, drug delivery, pain relief, and infection prevention.
1
Its products are designed to be gentle on the skin and address issues like skin irritation and tears, with no reported adverse events or recalls.
2
The company's NEXDrape product is specifically designed for patients with impaired skin, such as the elderly and diabetics, demonstrating a focus on vulnerable populations.
3
However, NexGel's R&D investment was $78 thousand in 2024 and $103 thousand in 2023, which is less than 1% of its 2024 revenue of $8,688 thousand, indicating minimal investment in health innovation.
4
The company has identified material weaknesses in its internal control over financial reporting.
5
While the company acknowledges risks associated with laser hair removal plume, its general risk disclosures are primarily business-related rather than specific health risk transparency for its products.
6
The company's response to the COVID-19 pandemic involved securing an EIDL loan, but no broader crisis response actions are detailed.
7
The company has conducted animal and human cadaver proof-of-concept studies, but no information on the ethical conduct of clinical trials for human participants is provided.
8
Fair Money & Economic Opportunity
0
No evidence available to assess NexGel, Inc on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No specific, concrete data points were found across the provided articles to assess NexGel, Inc. against the defined KPIs for Fair Pay & Worker Respect. Information regarding living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage for the company's general workforce was not explicitly stated or calculable from the evidence.
1
While some executive-level contract and benefit details were mentioned,
2
they do not provide company-wide metrics for the specified KPIs.
Fair Trade & Ethical Sourcing
0
No evidence was found in the provided articles to assess NexGel, Inc. against any of the Fair Trade & Ethical Sourcing KPIs. The articles either described product capabilities without relevant sourcing data or were inaccessible due to throttling.
Honest & Fair Business
0
No relevant evidence was found in the provided articles for NexGel, Inc. (NXGL.US). pertains to 'NexGen Energy Ltd.' which is a different entity, and did not contain any accessible data.
1
Kind to Animals
20
The company does not source eggs, meat, or dairy, making the cage-free sourcing KPI not applicable.
1
NexGel has conducted one animal proof of concept study for its NEXDrape medical device, which falls under the tier for using fewer than 5 animals per year in exceptional, delegated cases.
2
No War, No Weapons
0
The provided articles do not contain specific, quantifiable evidence for any of the KPIs related to the 'No War, No Weapons' value. While NexGel, Inc. is a biotechnology company focused on hydrogels for medical and cosmetic applications, and donated 1,832 healing patches to Ukraine in June 2022, there is no information regarding revenue from arms contracts, dual-use technology with military applications, sales to embargoed regimes, or any policies related to conflict divestment, ethical red lines, or oversight of defense activities.
1
The donation to Ukraine, while humanitarian, does not provide a proportion of revenue allocated to peacebuilding, which is required by the KPI.
2
Therefore, no KPIs can be scored based on the available evidence.
Planet-Friendly Business
0
The provided articles do not contain specific, quantifiable data points for any of the Planet-Friendly Business KPIs. Several articles explicitly state a lack of information regarding sustainability metrics such as Scope 1-3 emissions, renewable energy use, water use, and waste diversion.
1
While the company states it believes it is compliant with environmental regulations, no specific number of environmental compliance violations or independent verification is provided.
2
Information on product water content and potential for biodegradable packaging relates to product characteristics or future intentions, not operational environmental performance or current material ratios.
Respect for Cultures & Communities
0
The company has no reported formal partnerships with indigenous or local community groups, which is consistent with its business model as a biotechnology company. Its operations do not involve activities directly impacting Indigenous Peoples, making Free, Prior, and Informed Consent (FPIC) processes not applicable.
1
There is no specific community representation on governance or advisory bodies, as this is not applicable to the company's business model.
2
The company does not operate near cultural or heritage sites, so no disruptions have occurred. The concept of a social license to operate is not applicable to the company's business model. There is no cultural incident response framework as no cultural incidents have been reported or are applicable to the company's operations.
Safe & Smart Tech
-20
The company has not experienced any material cybersecurity incidents.
1
It provides cybersecurity awareness training to employees, incident response personnel, and senior management.
2
The company has implemented security measures including firewalls, antivirus and malware detection tools, patches, log monitors, and routine back-ups, and is migrating platforms to cloud-based computing.
3
External service providers are used to assess and test security controls.
4
The company is subject to stringent FDA compliance requirements and other governmental regulations concerning environmental matters and employee safety and health, and states it is compliant in all material respects.
5
The company's privacy policy states it does not sell, rent, or loan information to third parties and uses information only with consent.
6
However, it collects various types of personal data, including financial data and derivative data like IP address and browsing history, and may share data with third-party service providers, affiliates, advertisers, and investors.
7
The privacy policy states users are notified of updates by posting the new policy on the site, but does not detail specific user controls over personal data or privacy settings.
8
The company does not knowingly solicit information from children under 13 and will delete such information if collected without parental consent.
9
Zero Waste & Sustainable Products
-40
The company distributes proxy materials electronically for its Annual Meeting, which it states reduces environmental impact by conserving natural resources and reducing printing and distribution.
1
This constitutes one waste reduction initiative.