Category: biotechnology

Marc Beer

Marc Beer’s Career In a Nutshell

Like all entrepreneurs, Marc Beer’s career has been an up and down rollercoaster. Unlike other entrepreneurs, Beer’s downs have been family related. As far as his professional life goes, Marc Beer has never failed. His personal life, however, he suffered a great loss in 2007; so great, in fact, that he contemplated permanently retiring.

The early 2000s is easily the best and worst time of Beer’s life. In 2000, he founded his first company, ViaCell. He founded ViaCell immediately following a successful career in pharmaceutical sales and marketing. In particular, his time with Genzyme made a name for him in the industry and inspired him to do more for the millions of people who are medically underserved worldwide.

ViaCell relied on company-collected and preserved umbilical cord blood stem cells to develop various treatments for a variety of conditions that can occur in the human body. His company grew to 300 employees very quickly, and he put his company on the NASDAQ in 2005. By 2007, he had a major pharmaceutical company vying for ownership of ViaCell, and he eventually accepted a $300 million offer from PerkinElmer.

At the height of his early career, Beer suffered the greatest loss of his life. Shortly after completing the ViaCell – PerkinElmer transaction, Beer lost his wife from a pulmonary embolism; she was only 42. The only solace Beer could find was in taking care of their three children. He retired and from that point on, he was a single father who only cared for raising his kids. Learn more: https://renoviainc.com/leadership/

He drove them to school and picked them up every day for two years. After two years, his 14-year-old daughter could no longer sit by and watch her father wastes his talents. She began encouraging him to start another company and go back to helping people. Eventually, he listened to her and a good thing too because Dr. Ray Iglesias needed a partner to help him.

Marc Beer’s return to entrepreneurial glory came in the form of Renovia, originally Dr. Iglesias’s brainchild. For 35 years, Dr. Iglesias has been performing unavoidable pelvic floor surgeries. After seeing so many women come into his office because they had no other choice; he began thinking that there had to a way to help these women before they needed surgery.

Pelvic floor disorders affect around 25 percent of women in America. Dr. Iglesias believed that he could develop something to help these women avoid the surgical option. In 2016, Dr. Iglesias teamed up with Marc Beer and Yolanda Lorie and Renovia was founded.

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Marc Beer-Article Recap

Marc D Beer is a successful entrepreneur and businessperson with a career spanning more than 25 years. He attended the University of Miami where he earned his Bachelor’s Degree. In the 25+ years of experience, he brings he has worked in the biotechnology, pharmaceutical, device, and diagnostic industries. He is known as a master of developing unique solutions to solve pressing problems. He has a background in sales and marketing roles as well. Beers have recently been appointed as the chairman of a company called Lumenxt, which is a biomedical company in the field of surgical equipment. Marc Beer has two siblings and is currently married to Jennifer Beer with three children.

 

The first company he founded was ViaCell in 2000. ViaCell was sold in 2007 after becoming a publicly-traded company in 2005. Sadly, just after ViaCell was sold, Beer’s wife died due to a pulmonary embolism at 42. He had stepped into the role of a full-time father when one of his daughters inspired him to get back to work. As a result of his daughter’s inspiration, Beer co-founded Renovia in 2016 with Yolanda Lorié and Dr. Ray Iglesias. Renovia is a Boston-based company and was founded in order to research and combat pelvic floor disorders in women. In 2018, Renovia had its first product approved by the FDA, the product was Leva.

 

Beer firmly believes that with the right talent in the right place, everything else will resolve itself. Organizational structure and talent acquisitions take up most of Beer’s workday. Marc also believes that setting goals are vital to success. Once goals are in place, capital efficiency and allocations of resources can be addressed. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues

 

Marc Beer has not let his success go to his head; he recognizes that his success is not his alone, he credits everyone he has had the pleasure of working with and the people he appointed in leadership roles. Beer also enjoys helping his community and did so in many ways.

 

One way he did this was by serving on the Research and Commercialization Advisory Committee of Notre Dame as well as currently serving on the Business Advisory Committee of the University of Miami. Marc is dedicated to helping others in difficult health situations and has also served on the board of the Mass Life Science Center as well as sitting on the board for the Biotechnology Innovation Organization. In addition to these acts, he was on the board for the Joe Andruzzi Cancer Foundation. This organization provides financial support to the families of cancer patients and to the patients themselves. Beer has also served on the board of directors for Erytech Pharma at one point.

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Taking On The World With Marc Beer

Marc Beer is a hard-working entrepreneur. He has been working in his career for over twenty-five
years. Beer has helped to bring many different companies to success through his hard work and
dedication. Marc Beer went to school at Miami University. He received a Bachelor in Business and jumped
straight into his career after that. Education is and was very important to Marc Beer. He knew that
he needed to get through his education in order to be completely ready for the career that he knew
he wanted to get into. Marc Beer started out low during his career but quickly moved himself up the ladder. Working with many different big name companies has helped Marc Beer to learn a lot about the business and
about himself.
His career is not the only thing that Marc Beer is passionate about. He is also very passionate
about giving back to his community. He gives back to the community in many different ways. He
uses many different skills that he possesses to do the best job that he can do and also give back
to his community in the best way that he can. Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html
Marc Beer has even been giving back to other people who are interested in getting into the
entrepreneurial field. He has been trying to get all of the advice that he can give other there for
people to learn. The advice that he has for people going into the entrepreneurial field is to always
have a financial plan, be willing to make some sacrifices, make winning your main goal, learn when
you fail, and make sure no matter what you are always giving back to your community.
Marc Beer has gained a lot of knowledge throughout the years and he is very hopeful that now he
will be able to use that knowledge to help out others. Being successful was his main goal in life, but
now that he is successful and also is able to help out so many people he knows that he made the
right choices in life. Marc Beer is still hopeful to continue working in his career, and he cannot wait
to see how far it is going to take him.

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Marc Beer: Championing the Entrepreneurial Spirit in Biotech Recap

Marc Beer is a highly successful entrepreneur in the field of biotechnology. Beer graduated from
the University of Miami with a bachelor’s degree in business in 1987. Since then he has worked in
biotechnology and has started multiple successful businesses of his own.
Beer's first successful business was Viacell. Viacell was a company that collected and preserved
umbilical cords for stem cell research. This research was used to help treat various conditions in
the body. After building the business for 7 years, Beer sold it to PerkinElmer for around $300
million. Unfortunately, around the same time, Beer’s wife had passed away. This was devastating
to Beer and his 3 children. Beer did not let this tragedy slow him down. 2 years later his daughter
inspired him to start a new business to help change the world.
Beer received a phone call from a man named Ray Iglesias. Dr. Iglesias was a gynecologist who
was well experienced in pelvic floor surgeries. He had an idea of how to help women with pelvic
floor disorders prevent getting surgery. This sparked a chain of events that lead to Beer and Dr.
Iglesias starting the company now known as Renovia. The goal of Renovia is to help women with
pelvic floor disorders receive diagnosis and treatment. This would be achieved through the use of
technology. Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html
Renovia’s first successful product was called Leva. Leva is a product that helps women strengthen
their pelvic muscles which prevent further complications and even surgery. Following the release
of Leva, Renovia was granted over $32 million in funding from various organizations. Renovia's
mission is to get rid of the negative stigmas surrounding pelvic floor disorders. Many of these
disorders get worse because women do not come out and talk about them. They also want to help
treat women suffering from pelvic floor disorders with non-invasive and non-threatening measures.
Beer strongly believes in giving back to the community and making a change in the world. He
believes that with strong leadership skills and principals you can achieve anything. Beer feels that
the key practices to leading a successful business include setting goals, learning from failure,
critical thinking, and giving back to the community.

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Marc Beer

Marc Beer: Now Leading LumeNXT
Marc Beer is the new Chairman of the Board at LumeNXT, a company dedicated to developing minimally invasive, clinically valuable solutions that focus on illumination. In laymen’s terms, they create specialized technologies that help surgeons see better during minimally invasive surgeries. Marc Beer is excited to be leading one of the most innovative, privately-held companies in the sector.
LumeNXT is also excited to have Marc Beer be a part of the company. Beer has more than 25 years of experience working in the medical technology field. He specializes in development and commercialization and working in the biotechnologies, pharmaceuticals, devices, and diagnostics sectors. Of the many positions Marc Beer has held at other companies, he’s extremely excited to be working with some of the most dedicated and accomplished surgeons and engineers in the business.
LumeNXT wants to create a better illumination product that will make all minimally invasive surgeries safer for all parties involved. The benefits of high-quality illumination could mean the difference between life and death. Additionally, they’ve created their newest line of products to be non-tethered, allowing them to be attached to almost any surgical device, complementing standard operating room tools.
If their newest line of products can impact the medical field in the desired way, it will change the way surgeons operate and improve communication between surgical team members. Optimally, the device would attach to the wound or cavity or be placed in the wound or cavity.
Historically, operating rooms were lit by bulky electronic bulbs that burned too hot and weren’t too bright. Lack of visualization is not only dangerous for the patient, but it’s just not practicing good medicine. Unfortunately, that technology dominated the industry for many years even though it never quite became any surgeon’s first choice of illumination method.
LumeNXT’s new technology offers surgeons much better lighting options, and the ability to place the illumination source within the wound is mind-blowing. By combining WLED (white light-emitting diodes), micro-electronic switching technology, and compact high-power batteries, LumeNXT can offer a wider range of surgical lights that are viable and highly cost-effective.
The benefits of these lights don’t stop at possible benefits. It’s proven to be more energy-efficient and safer for patients. The older technologies used nearly-20-times as much energy as LumeNXT lights and burned too hot to be used for an extended period of time. LumeNXT lights don’t produce heat at all and can operate for up to four hours. Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html

Marc Beer on What it Takes to Succeed in Entrepreneurial Biotech

With more than 25 years of banking on the entrepreneurial spirit, Marc Beer has discovered a few things about succeeding in biotech as a business.

 

The beer left Miami University with a business degree in 1987. He then quickly ascended to the top of Genzyme’s global marketing, promoting products used to treat thousands of rare diseases. Helping so many people often overlooked by conventional treatment, set Beer down a path to seek similar positions.0

 

After selling his first company in 2007, ViaCell, for $300 million, Beer’s wife passed away from a pulmonary embolism at the young age of 42. Beer took some time to step away from business and focus on being a dad, until his daughter urged him to get back to what he was good at, starting companies that filled gaps in medical treatment.

 

With renewed purpose, Beer co-founded Renovia. Along with gynecologist Dr. Ray Iglesias and business partner Yolanda Lorie, Beer started a company that would help women avoid surgeries for pelvic floor disorders. It’s a condition that impacts the lives of nearly a quarter of all women.

 

The path to success for Renovia relies on removing the stigma from these disorders, urging millions of women to seek the kind of assistance the company provides. It’s why Beer, personally, and Renovia are supporters of the Women’s Preventive Services Initiative and the American College of Obstetricians and Gynecologists, and urge women to get screened for endometriosis, urinary incontinence, and other disorders that may affect the strength of their pelvic floor.

 

Success, like his professional concerns, is centered around people. Starting a company means first gathering the talent and organizing those people to be most effective. It’s Beer’s managerial philosophy that with the right leadership behind the right talent, everything necessary for a successful business falls into place.

 

Succeeded at work means Beer is free to give back. Beer remains part of the Notre Dame Research and Commercialization Advisory Committee and several other organizations aimed at helping young entrepreneurs and fledgling businesses to follow a path similar to his own. Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html

 

Beer has also served as the Director of the Joe Andruzzi Cancer Foundation.

 

About Marc Beer:

 

Marc Beer is an entrepreneur and investor working in the fields of biotechnology, pharmaceuticals, and technology. He’s founded several corporations serving the medical field for more than two decades. His career began in diagnostics for Abbott Laboratories, then went on to become a leader of Global Marketing for biotech company Genzyme.

 

In early 2000, when he was ready to strike out on his own, Beer founded ViaCell, and as CEO his company preserved stem cells extracted from umbilical cords. In a handful of years, the company expanded to 300 employees than was bought by PerkinElmer in 2007. Beer juggled his responsibilities there along with a board member for Erytech Pharma. This diverse set of experience and leadership skills, Beer joined up with Yolanda Lorie and Ramon Iglesias, MD, to start a company aimed at helping women suffering from medical conditions that could lead to issues like incontinence, Renovia.

Marc Beer Shares What It Takes To Be Successful In The Biotechnology Sector

In the 20th century, many diseases and medical conditions that have affected people since forever now have treatments. Some of these can even be completely cured. Diseases like breast cancer that was once a death sentence can now be treated through better procedures, knowledge, and medicine. 

The pace of discovery in the healthcare field has only accelerated in the 21st century. Researchers are now working on the genetic level to find cures for diseases, both those that are widespread like diabetes and those that are rare. Researchers have access to an immense wealth of medical data and information today.

Marc Beer is an entrepreneur who, since the mid-1990s, has been a leader in the medical community when it comes to designing new treatments. He got his start at Abbott Labs which is a huge company that creates generic drugs and medical devices. Soon into his career, he decided he wanted to work in healthcare industry startups.

The first startup Marc Beer joined was Genzyme. This company is now a giant in the field of biotechnology. His executive talents came to be known across the industry and he was recruited by multiple firms. This led to him co-founding ViaCell. This company came up with technology that can preserve a baby’s stem cells for the long-term. This company was sold to Perkins Elmer which resulted in him getting a huge payday.

He joined Good Start Genetics next. This company created technology that greatly increases the pregnancy chances of a woman undergoing in-vitro fertilization. When this company was acquired by Invitae, Marc Beer had shown his ability to successfully grow multiple startups. He is now the chief executive officer of Renovia, a startup that is developing medical devices for women around the world that have a pelvic floor disorder.

Marc Beer says that Renovia is still a very young company. He pegs it at the early to mid-stage of being a startup. The company isn’t profitable yet but is on the path of becoming so. He recently raised $42 million during his company’s Series B funding round. His company still needs venture funding and is not ready to begin a profit as of yet.

It takes a lot of capital to build a successful biotech company he says. Medical research is very expensive in no small part because it needs well-educated workers. He points to Sam Walton who was able to build Walmart into a powerhouse in the commodities business. However, he was able to build his company by employing low-wage employees and pinching every penny. That approach doesn’t work in Marc Beer’s line of work and, in fact, would undoubtedly end in disaster. He says even a small mistake can mean the end of a company. Learn more: http://inspirery.com/interview-with-marc-beer/

 

Marc Beer New Board Chairman of LumeNXT

Marc Beer was appointed as the Chairman of the Board of LumeNXT on April 2, 2019. This is a privately-held company located in Boston, Massachusetts that works primarily on developing proprietary surgical illumination products for surgeries that are designed to be less invasive. Marc Beer was appointed as chairman because of his extensive 25 years of experience in developing and commercializing products for the biotech, pharmaceutical, devices, and diagnostics industries. 

Beer states that he is extremely excited to be working alongside surgeons and engineers who are working to make surgical illumination a more advanced field so that surgery can be performed better and more precisely. It is Beer’s hope that as the LumeNXT technologies continue to advance, more surgeries will be able to be performed on patients in as minimally invasive a manner as possible 

The technology that LumeNXT produces is vitally important to the medical industry because surgeons utilize that technology to enhance their visualization during surgery, to be more precise in the area that they are operating on, and to help them be able to be more flexible during a surgery than any other traditional techniques would allow them to be. This illumination platform also uses its technology to reduce heat in machines which is another thing that helps surgeon operate more precisely, they provide options that are much less costly, and they increase the safety of a patient by helping to increase the visualization of a doctor. 

Marc Beer was the founding Chairman and CEO of Renovia Inc. whose entire reason for existing was to discover and produce devices that could help people with pelvic floor disorders find answers and get the help they needed to recover. 

Before Renovia came to existence, Marc Beer founded Minerva Neurosciences Inc, a company that focused on developing products that were meant to treat diseases that affect the central nervous system. Minerva did this by conducting a lot of clinical trials and by developing therapeutic compounds that are designed to help people who suffer from CNS diseases like schizophrenia, insomnia, mood disorders like bipolar, depressive disorders, and Parkinson’s disease. 

Before he founded Minerva, Marc Beer worked in several leadership roles across the biopharmaceutical field. During his time working in this field, he worked to launch possible cures for rare diseases on a global scale. Some of Beer’s leadership positions before breaking off on his own included the founding chief executive officer of Aegerion Pharmaceuticals Inc., Founding chairman of Good Start Genetics Inc., CEO of ViaCell, and Vice President of Global Marketing at Genzyme. 

LumeNXT run by Marc Beer is a surgical device company that is leading the way in producing products like LED illumination to make surgical processes more precise, efficient, and enhanced. Learn more: https://gazetteday.com/2018/10/marc-beer-funding-renovia/