Life Science Nord is committed to innovative medicine in Hamburg and Schleswig-Holstein. Within the regional cluster for medical technology and biotechnology/pharma there are 42,300 emplyees working for about 500 innovation-oriented companies. In 2014, the industry generated a gross value of 4,0 bn Euro and the cluster's exports were 5,8 bn Euro. Additionally, the region hosts internationally renowned research institutes, universities and university clinics. Together they represent the entire value chain necessary for the emergence of new treatments and medical devices: from research, development and clinical studies, to manufacturing, marketing and sales. Life Science Nord strengthens this regional industry and is a visible entity on the European stage.