Abstract
This paper discusses the concept of a regional network as well as the empirical emergence of it in the Finnish pharmaceutical industry. A regional network is characterised by relatively stable relations between legally independent firms, which co-operate in spatial proximity. Financial, educational and research institutions are closely tied into these networks as are government agencies, trade associations, chambers of commerce and trade unions. The paper concludes that the new pharmaceutical industry in Finland has succeeded in building a growing regional network where actors work together in order to increase the value of the network. At the same time the network fosters industrial and economic development in the region.