Drug companies pay for the trials, but most R&D is done in public institutions, and a big part in Europe (unless you count adding a piece of plastic to a ventol

Drug companies pay for the trials, but most R&D is done in public institutions, and a big part in Europe (unless you count adding a piece of plastic to a ventoline cap to avoid loosing it a 'new drug', Europe public universities/labs are the sources of mire new drugs/molecule and techniques than anywhere else)