The bio-medical industry shows great potential. Weifang Bio-medical Industry Park, the first public bio-medical platform in Shandong, has gathered over 130 companies, including the world's largest genomics organization BGI, the genomics company CHGB, Wohua Pharmaceuticals, 3V Diagnostic, Neptune Galaxy Medicine, and bio-medical company Huachen. The park is a bio-medical industry base under the National Torch Program and a national innovative drug incubation base, with an annual output value expected to exceed 10 billion yuan in 2020.