Category Archives: Finance

LumeNXT Announced Its New Chairman – Marc Beer From Renovia

Earlier this year, Boston-based firm LumeNXT, which is a privately-held company, made an announcement regarding the changes in their leadership. As of April 2, their new Chairman of the Board is now Marc Beer, who is also known for his leadership role in another pharmaceutical company, Renovia. LumeNXT believes that through Beer’s leadership, the company will reach new heights.

 

Marc Beer, who is known in the pharmaceutical world because of his work in the commercialization of experience in biotech, diagnostics, and more, is very excited in this appointment. He revealed that he is happy to work with surgeons and engineers who are the best in their fields. Beer also believes that LumeNXT, which offers a highly innovative lightning unit for operations, will play a big role in the overall development of minimally invasive approaches. Beer also believes that because of its benefits, minimally invasive procedures will be the next normal in the medical world.

 

LumeNXT uses proprietary technology to provide illumination during surgery. Each LumeNXT product is designed to give advanced illumination while reducing the overall heat generated. Targeted illumination enhances the visualization and precision of medical professionals in the operating room. In addition, the targeted illumination technique gives flexibility during the operation. With this in mind, LumeNXT products are designed to be low-cost and disposable yet safe and give the enhanced visualization needed in an operation.

 

Paul Rhyme, the co-founder of LumeNXT, believes in the 25 years of Marc Beer’s competent record. Rhyme stated that Beer’s high level of success when it comes to setting up and growing multiple startups speaks a lot of demonstration of skills. With Beer’s vast experiences in companies, he would be able to guide LumeNXT in its plan of global commercialization. In addition, Rhyme also believes that with Beer’s help, the company will be on its way to profitability. Paul Rhyme was also named the Chief Executive Officer of the company last April. He also got Beer’s support for this achievement. Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html

 

This is not the only current venture of Marc Beer when it comes to pharmaceuticals. Beer is also one of the key players of Renovia, which was launched recently. Renovia is a company which is designed to diagnose and treat women who are suffering from Pelvic Floor Disorders. As of now, Beer was able to get the necessary funding to continue Renovia’s project. As of now, the company is planning to develop products which helps a lot of people from urinary incontinence.

 

Marc Beer is known for his 25 years of expertise in the pharmaceutical field. He was the founding chairman of the Minerva Neurosciences Inc, as well as the founding chairman of the Good Start Genetics. Beer was also the founding chairman of Good Start Genetics and the former CEO of ViaCell. Follow Marc Beer on Facebook

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Paul Mampilly Explains How Blockchain Can Prevent Identity Theft

Paul Mampilly wrote in one of his recent financial newsletter articles that he thinks blockchain technology can be critical to stopping identity theft. He started out the article sharing his experience at the Department of Motor Vehicles. He had to renew his driver’s license and ended up spending hours sitting in a little plastic chair while waiting his turn.

He relayed how even if you get to the DMV before it opens you are going to be spending your day there. Getting any government document is a lengthy process. Whether it’s a replacement social security card, a birth certificate, or renewing a passport one of the biggest costs is your time. Paul Mampilly thinks there’s a better way that will eliminate paper identification altogether.

In order to prove you are who you say you are, it is necessary to provide the government with information such as proof of where you live, an ID card, and other information that you need to collect. Paul Mampilly says blockchain can be used to have all of this information readily available in digital format. People won’t have to carry around driver’s licenses, passports, and other forms of ID.

The invention of blockchain is credited to Satoshi Nakamoto. This is a pseudonym and no one knows who this is. He created this technology in order to revolutionize online payments through the use of digital currencies. This technology is now being used in many ways that don’t have anything to do with currency. Paul Mampilly says that blockchain will probably last longer than digital currencies do due to its versatility. Follow Paul Mampilly on his twitter account.

Paul Mampilly says that blockchain allows people to spread information while at the same time keeping it secure. He explains it by writing that you should imagine a code that is protecting your PC. You can hide it well but if a hacker gets access to your pc they will quickly be able to see all of your data. However, if the code is instead spread out on thousands of other PC’s the hacker won’t be able to get at it. This is why blockchain could put an end to identify theft.

Learn more: https://ideamensch.com/paul-mampilly/

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Max Salk, Expert in Analyst Investments

Max Salk holds profession in finance and basics in history. He currently serves as the investment analyst in New York City. He started his career in Morningstar prior to PPM American compny where he served as analyst in investment for a period of ten years before joining New York city. Max Salk developed interests in finance during his days in collage. While serving at PPM, he expanded his desire in market whereby he carried several researches as well as giving investment ideas to support the way of living.

His interest in photographing gave him a robust idea to start his own company. During her days in college, Max Salk used to take several shots every morning. Thick foggy experienced in every morning gave him a cool effect. He could hardly leave his camera behind wherever he was going. He eventually developed a wide portfolio which was enough to launch his own website.

To bring ideas in life, Max Salk believes in proper planning as well as preparation of everything. Every idea he develops comes with a good plan despite being personal or work based. The plan guides him on proper layout what he wants to achieve. He also believes that it is until you try out something when you realize its output. Implementation of particular idea can result to a great something in future.

Max Salk encourages other people to utilize so many opportunities available in life. He adds that people should focus on a specific thing they really love to do, and develop goals to achieve their best. Success a process which takes time to be achieved, therefore, if one fails in a particular aspect in life, they should try others to see if it may have a positive impact in their lives.

As a successful businessman, Max Salk remains reliable as well as giving attention everything in detail. Being diligent and working to an extra mile to achieve his best has seen it have a positive impact in his entire business. When Max Salk is about to present anything, he does rather preparation to capture attention of his people.

https://prabook.com/web/max.salk/3754344

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Filed under Career, Entrepreneurs, Finance, Investment, Investment Analyst, Photographer

“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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Filed under Biotechnology, Entrepreneur, Finance, People

HGGC – What You Need To Know About Private Equity Investing

Are you searching for information about HGGC and its team of investment professionals? Do you want to know how to go about investing or starting a lucrative business? Perhaps you want to get a good understanding of private equity and how things work in the industry.
HGGC is a highly reliable and established private equity firm with a team of professionals. The company and its investment professionals have great expertise in all aspects of private equity funds and investing. This company raises capital from affluent individuals, endowment funds, insurance firms, pension funds, and other sources and applies the funds toward investing in companies that show the potential for growth.
There are many ways to invest or take your business to the next level but you need to consult a team that has a proven track record. That’s where HGGC and its professionals come in – to guide you and ensure that you take the right steps towards your goal.
Not all investment firm are created equal. It is advisable to go with a firm that has an established history of meeting the investment needs of clients. Some investments are known to yield higher returns than others, which is why you need to have an experienced team by your side.
When it comes to choosing a reliable firm to advise and guide you, look no further than HGGC. With the equity funds and investment services provided by this firm and its highly knowledgeable professionals, there’s no need for you to take the traditional route of purchasing into stocks or bonds.
Numerous investors find private equity an appealing investment option. If you don’t know how private equity works, or how to get started investing in it, the experts at this renowned firm can walk you through the entire process.
HGGC has been rendering investment solutions for years and has a good understanding of what it takes to achieve high success in this industry. This company employs well-experienced financial and investment professionals and is fully committed to helping clients to become successful.
https://www.hggc.com/

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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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