Marc Beer Conquers The Biotech Industry

Marc Beer is an entrepreneur which focuses on Biotechnology. He is known for his vast experience in leading startups related to the industry. With his 25 years of experience, there is no doubt that he had already mastered the formula if creating successful startups. His success and experience can be found in the wide array of successful companies under his name.

 

In 1987, Marc Beer received his bachelor’s degree in Business from Miami University. After studying, he went on to forge a career that enables him to show his leadership skills. Beer became the Vice President of Global Marketing at Genzyme, a company that focuses on developing products for people that suffer from rare diseases. With Genzyme, rare diseases are further researched, which aims to help more than 350 million patients globally.

 

The experience form Genzyme inspired Mark Beer to start his first-ever company, ViaCell. He founded the company in 2000. Seven years later, the company is already a successful biotechnology giant that employed 300 people and became a public company in 2005 on both NASDAQ and VIAC. ViaCell is a company that specializes in the collection and preservation of umbilical cord blood stems. Beer sold ViaCell to PerkinElmer for $300 million.

 

Marc Beer met a tragedy when her wife died of pulmonary embolism. For two years, Beer had focused on raising his three children full-time and pushed back his plans for more business ventures. His 14-year old daughter convinced him to go back on track and live with purpose, and that’s the reason why Beer once again tried his luck in building another company. In 2016, Beer launched his latest company, Renovia.

 

As of the moment, Marc Beer is the co-founder, the Chief Executive Officer, and the chairman of Renovia. The company develops products that help in diagnosing and treatment of pelvic floor disorders, a condition in which millions of women worldwide have. The idea for Renovia came to Beer when he received a phone call from Dr. Ray Iglesias, a gynecologist who has been facilitating surgeries for women who have pelvic floor disorders for 35 years.

 

Together with Yolanda Lorie and Dr. Iglesias, Marc Beer co-founded Renovia, which is headquartered in Boston. Its goal is to provide products that help in the treatment and diagnosis of conditions such as pelvic organ prolapse, urinary incontinence, and fecal incontinence. It is reported that almost 25% of women in the US are affected by these conditions. Just last year, the company released its first-ever product, Leva, which is already approved by the FDA.

 

Renovia also managed to get a Series B round of funding for $32 million in addition to the $10 million in venture funding. The funds will be used in the development of other products that aim to combat pelvic floor disorders.  Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html