Yes, and no. It's no secret that corporations will purposefully play ignorant when a profitable product has safety concerns.

J&J kept their asbestos baby powder out of the public eye for 50 years. 3M knew about forever chemicals in their adhesives for decades. Bayer knew their drug had been infected with HIV and they sold it anyway.

That's not to say all private research is untrustworthy. But, we should be skeptical.