It's hard not to react sarcastically to this. But I will try:
There's nothing special about EU regulations vis-a-vis other laws. China, Russia and the US also have laws, many of which are also perceived as overly bureaucratic.
There's nothing special about EU regulations vis-a-vis other laws. China, Russia and the US also have laws, many of which are also perceived as overly bureaucratic.
Pharma as a whole is still dwarfed by the trillion-dollar US tech giants that the EU has no equivalent of. One standout doesn't change the broader lag.