Innovation Technology & Innovation Foundation Center for Life Sciences Associate Director Sandra Barbosu wrote about the relationship between data protection regulation and how much biopharmaceutical research and development is conducted. The article breaks down a paper from the Research Institute of the Finnish Economy, which found R&D spending declined overall after passage of data protection laws such as those in the EU, Japan and South Korea. Barbosu argued policymakers often “focus on protecting individual privacy without taking into account the harmful impact of restrictions on data sharing, including the benefits that flow back to individuals and society at large.”
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