That's pretty much my experience from 20+ years ago.
One thing that I didn't appreciate when I left the ivory tower was the extent of the replication "crisis."
If other academics can't replicate your work in some esoteric corner of bio research, it's no big deal--some people get burned wasting time, but the research just atrophies in the end.
But in the biotech / pharma industry, we in-licensed a lot of un-replicatable garbage from academia.
And replication was important to us because we actually had to make a drug that was effective (which loosely translates to ... "clinicians must be able to replicate your drug's efficacy.").*
* I'm not sure how true this is anymore, given politicization of regulatory bodies, but it was an eye-opener to me years ago.