• Velan published its 2025 Modern Slavery Report under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act, outlining steps taken to limit forced labor and child labor risk across operations and supply chain.
• Supply-chain assessments, including supplier site visits, indicated very low risk; no instances of modern slavery were identified in 2025.
• Vendor controls include mandatory Corporate Code of Business Conduct and Ethics training for employees, supplier acknowledgment of Supplier Code of Conduct introduced in 2024, and a third-party vetting process that escalates screening for elevated-risk suppliers or high-risk countries.
• Velan reported approximately $343 million in assets, more than 1,300 employees worldwide, and a vendor base of about 1,700 suppliers as of 2026.
• Report was signed April 23, 2026 by Rishi Sharma, Chief Financial and Administrative Officer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velan Inc. published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.