Most of it is probably both.

I worked in medical devices, and that is correct. Much of the work I did in the QA dept would not have improved the product or safety, but some of it clearly did. Can't say for medicines, as they had a different set of regs from devices.

It is both. The last time we had very free experimentation (read: disregard for human life and suffering) we got the Nazis, the Tuskegee Syphilis Study, MKUltra, etc.. So institutions swung strongly in the opposite direction (the visible ones, at least), giving us Institutional Review Boards and such. The balance is impossible to get right either way, hence the need for Right to Try and so on.