Category Archives: Biotechnology

Marc Beer: An Expert In Biotech Fundraising

Marc Beer has shown that he has a strong sense of entrepreneurship and desire to help medical practitioners and patients through the work that he is known for in the biotech and pharmaceutical industries. When it comes to the world of medicine, having a good idea is not enough and it’s important to have the right people behind it to make it a reality and ensure that the solutions get to the people that could potentially benefit from them the most. There is a lot that goes into the entrepreneurial side of the health industry and Marc Beer believes that it’s important to try to enjoy the process. He studied business at Miami University before he got into the marketing side of the pharmaceutical industry.

 

Currently, Marc Beer holds several Chairman positions at companies including Good Start Genetics and Minerva Neuroscience. In addition to these positions, he has also been the Chairman and CEO of Renovia since 2016. In his position at Renovia, he has been working to help women who are living with different forms of pelvic floor disorders. Currently, there are not that many viable options when it comes to treating pelvic floor disorder and they are working to change that by creating new solutions besides surgical intervention. Through the work that he has done in his career, Marc Beer has managed to contribute to the improvement in the lives of patients throughout the world. Being able to have this positive impact on others is something that has driven him throughout his entire career. Learn more: https://renoviainc.com/leadership/

 

As an entrepreneur, failure is impossible to completely avoid at times no matter how much experience you have. When you experience failure, Marc Beer states that it is important to try to learn from it to help make future decisions. You will have to be willing to sacrifice to be a success and you also have to remain logical throughout the entire process no matter how much of an impact the situation may have on you emotionally. After failure, you have to be willing to get back on track and try again while staying focused on winning. By following his advice, he has managed to become a leader in the industry and an important member of the community.

 

Recently, the entrepreneur took on a new business role with LumeNXT and as of September 2019 is serving as the Chairman of the Board of the biomedical company. A co-founder of the company, Paul Rhyne praised him for the accomplishments that he has made during his two and a half decades in the industry in which he has helped multiple startups through his leadership. He believes that the entrepreneur will help the company that designs and produces illuminated surgical products to increase their profitability. The success that Marc Beer has had with fundraising in the past is one of the reasons why he was a candidate for the position at the company. With plans to introduce their products to different regions internationally, they are confident that he is a perfect fit to help with this rollout.

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Marc Beer

Marc Beer: Why Renovia?

Over the last 25 years, Marc Beer has proven his entrepreneurial prowess countless times. He founded his first company in 2000 and sold it seven years later for $300 million. That’s an amazing opening act to a career that only gets better the more research and development he has under his belt.

Before 2000, Marc Beer worked at Genzyme. He joined Genzyme after graduating from Miami University, and he was completely new to the pharmaceutical sales and marketing industry. Despite his green experience, Beer had a knack for marketing and quickly rose to the position of Vice President of Global Marketing.

As Vice President, it was Beer’s responsibility to get the company’s product line in front of more than 350 million people all over the world. While 350 million sounds like a lot of people; it’s nothing compared to nearly seven billion living back then. Still, Beer was successful.

He found such satisfaction in helping those medically underserved that he thought he could do more if he owned his own company. In 2000, he founded ViaCell, his first company. ViaCell used umbilical cord blood stem cells to develop dozens of treatments for all sorts of conditions. He later sold that company to PerkinElmer.

After his first sale, his career and life took a crushing blow, as his wife passed away suddenly. Lost, Beer found inspiration in raising his three kids. Two years after his wife passed, Beer rejoined the workforce and started working with Dr. Ray Iglesias.

Dr. Iglesias was a gynecologist who spent much of his career performing pelvic floor surgeries. Until recently, surgery was the only option for almost 25 percent of women in the U.S. living with pelvic floor disorders. Dr. Iglesias always believed there had to be a better way, and ten years ago, he began developing a concept to help women avoid surgery. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues

Once his vision was developed enough, he brought the idea to Marc Beer. Inspired to help women avoid any serious medical issues and how quickly he lost his wife, Beer formed a lasting partnership with Dr. Iglesias. Later, they brought in Yolanda Lorie and founded Renovia.

Today, Renovia is leading the industry in innovative and proprietary sensor technologies that help women with pelvic floor disorders. The company also had its first product, Leva, approved by the FDA in 2018. More recently, Renovia acquired $32 million in funding from a Series B round of funding.

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Profile of Biotech Entrepreneur Marc Beer

Marc Beer has proven himself as both an entrepreneur and an executive. When he first began his
career, he worked in the pharmaceutical industry. After several years of working in this industry, he
would become a marketing executive for another top pharmaceutical company. As the marketing
executive, Marc would promote the products it offered. With his success as an executive, Marc
looked to start his own business and become an entrepreneur. Prior to beginning his career, Marc
attended Miami University and completed a bachelor’s degree in business.

The first company that Marc Beer started up was ViaCell. This company specialized in providing
alternative treatments for a variety of medical conditions. The company would use stem cells from
umbilical cords to make these treatments. Within a short period of time, the company would
become highly profitable. After seven years of running the company, Marc decided to sell it for a
substantial sum of money.

After a brief hiatus from entrepreneurship, Marc founded his second company known as Renovia.
This company would specialize in providing nonsurgical treatments for women. Renovia provided
treatment for a number of pelvic floor disorders that women suffer from. Within a short period of
time, Renovia has found effective ways to help treat conditions such as urinary incontinence. In a
few years, Renovia will begin to make profits and reach its full potential.

While Marc Beer has achieved a lot of success during his career, he has credited much of it to the
people that he has worked with. Over the years, Marc has been able to work with a number of
professionals who have aided him in achieving his goals. Beer has worked with many experts in the
pharmaceutical and biotechnology industries who have provided him with vital knowledge. Marc
has openly said that any business can succeed as long as it has a group of dedicated professionals.
With a lot of success, Marc Beer has given back to his community. Much of his community
involvement has entailed contributing to educational institutions and healthcare organizations. His
involvement with these entities has allowed him to help students increase their knowledge and
have better educational programs available to them. By making contributions to healthcare
organizations, he has helped with cancer research.

Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html

With a very successful career in business, Marc Beer has followed a unique philosophy in order to
achieve his goals. One of the keys to his success has been using his leadership skills to solve
problems. Over the course of his career, Marc has been able to use a logical approach to finding
solutions to issues and following steps to resolve them. Beer has also been able to take calculated
risks in order to succeed as well. Creating a financial plan as well as learning from failure have
been some of the keys to his success as well.

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“Marc Beer’s $42 Million Funding and Career Achievement “

No one would have been happier than Marc Beer last year. Are you wondering why this is so? Well, how about we begin by having a basic knowledge of this gentleman. Marc Beer is the CEO and founder of Renovia Inc. (a medical technology company rooted in Boston). He specializes in coming up with ideas, procedures, and products that can aid in the health industry. Mainly, he deals with the development and commercialization of enterprises in biotechnology and pharmaceutical devices, and diagnostics.

 

Last year (2018), not only did he receive $10 million in venture debt for his company, but he also won funding worth $32 million. The main reason behind this fund was Marc Beer’s concern about the urinary incontinence disorder which affects an estimated 250 million women. A urinary incontinence disorder is a pelvic floor disorder. Through the fund, Marc Beer explained that he would be able to develop products aimed at diagnosing and treating the urinary incontinence. Other than this reason, the fund allowed the gentleman to participate in the Longwood Fund, an investment group interested in health care issues.

 

Not everyone, even the ones with expertise in medicine, can be able to come up with such brilliant discoveries. However, Marc Beer does this with much ease. During an interview with Ideamensch, he was queried on how he manages to develop innovations that help in making the health sector great. While responding to this question, the gentleman cited that many things influence his developments. Firstly, he stated that he does not rely on the discipline medicine for developments; instead, he depends on other disciplines such as law, commerce, finance to mention a few.

 

Secondly, he argued that active reading had been a significant influence to his findings because, through active reading, he is able to expand his knowledge and connect ideas that help him to formulate impactful products or procedures in health. The experience was as well another point that Mr. Beer highlighted as the reason behind his remarkable discoveries. The man has been in the industry for 25 years now. With a such number of years of experience, one cannot expect anything less about him because he is clearly, well versed with the industry, and understand the loopholes as well as what has failed before and what could work if something is applied. Learn more: https://www.crunchbase.com/person/marc-beer

 

Besides impacting the health industry positively, Marc Beer is celebrated for being able to create job opportunities for young people in society. While he worked for Viacell in 2002 as the Chief Executive, for instance, he was able to employ a total of more than 300 employees. In his company, the people he has employed surpass this number which depicts that other than the health industry, Mr. Beer has been able to participate in the fight of ending job unemploymen

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“Marc Beer Completes Renovia’s Series B Funding “

A mention of Renovia goes hand-in-hand with the mention of Marc Beer. Who is Merc Beer? If you are coming across the name Merc Beer for the first time, it is essential to know that he is the co-founder and the current Chief Executive Officer (CEO) of a healthcare startup known as Renovia.

 

Marc Beer is a recognized and renowned American serial entrepreneur and has participated in the formation of numerous healthcare startups such as; ViaCell (established in the year200), LumeNXT (established in2018) among other health startups. Find more information on Marc Beer here; https://www.linkedin.com/in/marcbeer.

 

Renovia was founded in 2016 and has been in operation for two years. The firm has its headquarters in Boston, United States. Since its inception, Renovia’s primary objective has been to battle pelvic floor disorder, a condition that has been affecting millions of women worldwide. Women suffering from pelvic floor disorder cannot control the pelvic floor muscle; this results in the uncontrolled release of bowels.

 

In the short span, Renovia has been in operation; the startup has been able to accomplish major milestones in the treating of the pelvic store disorder. Recently, Renovia designed and released the Leva device for use in treating pelvic floor disorder. The Leva device has already received the approval of the FDA. Marc Beer has recently completed a Series B funding for the healthcare startup Renovia.

 

The Series B funding raised by Renovia will be primarily used in the development of new products. Some of the other uses of the series B funding will include commercial campaign launches and corporate development. Renovia’s Series B funding amounted to $42 million. $10 million of the $42 million was raised in venture debt.

 

Renovia’s three long-term partners played a significant role in the Series B funding. The partners that made the Series B funding a success include Ascension Ventures, Perceptive Advisors and Longwood Funds. It is worth noting that Longwood Funds also took part in Renovia’s Series A funding.

 

While commenting on the funding received by Renovia Inc. Marc Beer was quick to note the delight of the firm’s stakeholders. Marc also acknowledged the crucial role played by Perceptive Advisors, Longwood Funds, and Ascension Ventures. Marc Beer commended these three firms for sharing in Renovia’s vision of providing the best possible treatment, care, and diagnosis of patients suffering from pelvic floor disorders.

 

Other than playing a significant role in Renovia’s Series B funding, the three firms provided propriety sensor technologies. The provision of these technologies will go a long way in ensuring the condition becomes manageable to patients. Marc Beer also highlighted Renovia’s commitment to providing more information about pelvic floor disorder to both patients and the public in an attempt to increase awareness while providing a better understanding of the condition. Learn more: https://renoviainc.com/leadership/

 

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“MARC BEER RAISING $42M FOR BOSTON WOMEN’S HEALTH “

Marc Beer, through Renovia Inc., a startup he co-founded, has just made a significant contribution to the improvement of the health of women in Boston. Beer, who also founded the ViaCell, Inc. and served as its chief for seven years, has through this step demonstrated leadership. This act shows that he has not been consumed into the deep chambers of his career; the profits and loses; that he cares for the wellbeing of other people. This is not a common feat with many people who have held senior managerial positions in numerous companies. In a statement expressing his delight at being joined by the Longwood Fund for this work, Beer indeed acknowledged that he has a vision ‘to better diagnose, treat and improve the lives of millions of women affected by pelvic floor disorders’ around the world.

This donation will come in two packages; $32m for new equipment and the rest ($10m) in venture debt. Marc Beer’s contribution is set to be used for the development of material used for diagnosis and therapy to fight pelvic floor disorders which are estimated by medical researchers to affect about 250 million women in the world.

Beer, who has a lot of experience at sales and marketing management, has also excelled in research and development program management in therapeutic, surgical and in vitro diagnostic systems businesses. He has also served as a private consultant in the field of medical industry. After graduating with a Bachelors of Science in Business Administration from Miami University in Ohio, Beer grew career-wise to hold many top positions in companies doing business in the medical field. He has been a director at CytoPherx, Seaside Therapeutics LLC, Erytech Pharma Société Anonyme and Viacell companies the latest at which he also held the position of chairman. He has also served in the managerial boards, notably the Scientific and Medical Advisory Board at TxCell Promises, the Mass Life Science Board of the Commonwealth of Massachusetts as well as the Biotechnology Industry Organization (BIO) Emerging Companies Section Governing Body.

In taking this bold step, Beer has demonstrated that successful individuals need to use their expertise in not only building their companies and countries but also in giving back to society. Learn more: https://www.slideshare.net/MarcBeer

 

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