In this article, we analyzed the value creation patterns of technological platforms, applied in a life science context. For that matter, we conducated a multi case study at Bayer, a worldwide leading life science company. On this ground, we were able to describe two core value patterns. Thus, platforms create value by improving the R&D processes in terms of efficiency and effectivity leading towards time and cost savings. On the other hand, they can be the basis of the discovery of new compounds resulting in new products. By increasing the scope of the platform application, these values get multiplied boosting the overall value of the platform. Furthermore, we discovered additional value multiplication effects for external R&D platforms, which access an innovation ecosystem of various researchers and platform users.