Exagen Inc..
XGN.US | Manufacture of pharmaceuticals, medicinal chemical and botanical products
Exagen Inc. is a commercial-stage life sciences company focused on transforming the care continuum for patients suffering from autoimmune diseases. The company develops and commercializes innovative diagnostic and prognostic tests, including its AVISE portfolio, which help physicians diagnose, monit...Show More
Better Health for All
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No evidence available to assess Exagen Inc. on Better Health for All.
Fair Money & Economic Opportunity
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Exagen Inc. is a life sciences company focused on diagnostic tests for autoimmune diseases, not a financial institution.
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The provided articles discuss medical test pricing, insurance access, and patient financial assistance programs related to healthcare costs. There is no evidence that the company offers lending, insurance, money movement, or storage services to consumers, nor does it engage in activities related to financial inclusion or economic opportunity as defined by the 'Fair Money & Economic Opportunity' value. Therefore, all KPIs under this value are not applicable.
Fair Pay & Worker Respect
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No evidence available to assess Exagen Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific, quantitative evidence was found in the provided articles to assess Exagen Inc. against the KPIs for Fair Trade & Ethical Sourcing. Information regarding fair-trade certifications, supplier audit frequency, substantiated forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clauses in supplier contracts, share of spend on high-risk materials, or procurement budget directed to diverse suppliers was not available.
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Honest & Fair Business
-40
Exagen Inc. incurred a regulatory fine of $653,143 as part of a settlement for alleged kickback violations related to specimen processing fees.
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This action stemmed from a lawsuit initiated by a whistleblower, who received 16% of the recovery amount.
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The company states a commitment to allowing employees to report suspected violations without fear of retaliation and provides a compliance hotline and email address.
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Exagen's Commercial Compliance Policy Manual emphasizes compliance with anti-kickback laws and the False Claims Act, prohibiting the offering or receiving of anything of value to influence actions.
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Kind to Animals
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The provided articles do not contain any specific, concrete data points or measurable metrics related to Exagen Inc.'s performance on animal welfare, animal testing, ethical sourcing, or conservation initiatives.
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Therefore, no KPIs can be scored based on the available evidence.
No War, No Weapons
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The provided articles do not contain any specific, concrete data points or facts related to Exagen Inc.'s involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics relevant to the 'No War, No Weapons' ethical value.
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Therefore, no KPIs can be scored based on the available evidence.
Planet-Friendly Business
-20
The company has an environmental, health, and safety policy and an ESG policy outlining commitments to environmental responsibility, including a commitment to net-zero greenhouse gas emissions consistent with a 1.5°C temperature rise.
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It also mentions registering annually with a Carbon Neutral Certifying body.
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The company has reported no regulatory actions, violations, fines, or compliance issues.
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However, no specific quantitative data on emissions, energy use, water consumption, waste, certifications, or other performance metrics are provided in the available articles to assess against the rubric's KPIs.
Respect for Cultures & Communities
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Exagen Inc. provides a confidential ethics hotline and email for reporting violations of law or company policy, available 24/7.
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The company's compliance policy manual states that allegations will be immediately reviewed and investigated by the Compliance and Human Resources departments.
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Exagen employees receive annual training on healthcare compliance, covering selected policies and procedures.
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However, these mechanisms are general for compliance and ethics, not specifically tailored for community concerns or cultural incidents, and the training is not specified as cultural sensitivity training.
Safe & Smart Tech
-10
The company reports mandatory employee cybersecurity training, monthly incident training for sensitive data handlers, and phishing simulations, aligning with standard security awareness.
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It has procedures to limit employee and contractor access to personal information, and no specific incidents of unauthorized data use are reported.
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The company states compliance with HIPAA, CCPA, and EU privacy legislation.
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It also indicates a commitment to data minimization by using and disclosing only the minimum amount of Protected Health Information (PHI) necessary and collecting data only when voluntarily provided, retaining it only as long as necessary for business purposes and legal requirements.
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However, user data control is limited: while users have rights to access, delete, and correct their personal data, deletion requests can take up to 45 days, and a fee may apply if more than two requests are made within a 12-month period, indicating friction in exercising these rights.
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Zero Waste & Sustainable Products
-50
Exagen Inc. has implemented at least one waste reduction initiative by providing proxy materials for its Annual Meeting online instead of mailing printed copies.
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In 2023, the company used environmentally sound methods for the disposal of all hazardous and medical waste it produced.
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Furthermore, no waste disposal violations have been mentioned in the provided articles for the past three years.
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