Marc Beer is an entrepreneur and former executive in the pharmaceutical and biotechnology industries. Beer completed a business degree from Miami University and then went on to become a marketing professional. After years of a successful career in marketing, Beer became an executive where he would spend his time promoting the products and services of a pharmaceutical company. After many years as an executive, Marc decided to become an entrepreneur by starting up his own company.
Beer founded a company called ViaCell after working as an executive in the pharmaceutical industry. ViaCell provides treatments for a variety of health conditions by using stem cells. The company would take stem cells from umbilical cords and develop the treatments. ViaCell became a highly profitable company and within seven years, Marc was able to sell it for a substantial amount of money.
After selling ViaCell, Marc Beer started up his second company. His next company was Renovia which specialized in treating pelvic floor disorders. The company has developed non-surgical treatments for women who are looking to address conditions that include urinary incontinence. Over the past few years, Renovia has been in the beginning stages of its development. As a result, it is a few more years away from becoming a profitable enterprise. Marc believes that Renovia will likely emerge as one of the most innovative companies in the healthcare industry in the future.
While he has been a successful entrepreneur and executive for many years, Marc Beer credits much of his success to the people around him. Beer has said that working with a talented and driven group of professionals has allowed him to achieve his goals. Marc has also mentioned that with the right group of professionals, any business can succeed. During the last couple of decades, Marc has been able to work with people who are experts in the biotechnology and pharmaceutical industries. With their expertise and efforts, Marc has been able to build successful businesses that have made a positive impact on society. Learn more: https://renoviainc.com/leadership/
Over the years Marc Beer has looked to use his success as a way to give back to his community. During the past several years, Marc has made contributions to educational institutions and entities such as the Miami University Business Advisory Council. He has also served as a member of advisory committees and research and advisory councils as universities that include Notre Dame. Along with helping educational institutions, Marc Beer has also provided his assistance to cancer foundations and the Mass Life Science Board for the Commonwealth of Massachusetts and the Biotechnology Innovation Organization.
As a successful entrepreneur and executive for the past few decades, Marc Beer has established some keys to his success. One of the keys to success that Marc has adopted has been creating a financial plan that is realistic and practical. This helps him better manage the finances of his business as well as for himself. Marc has also been willing to make sacrifices and focus on success in business. Beer looks to continue his success by remaining logical as well as learning from past failures. Lastly, Marc has made it a priority to give back to his community in order to help others achieve their goals and live a better life.
When he first started out in his career, Marc Beer wasn’t sure if he would be able to make it as an
entrepreneur but, three decades later, he has proven to be immensely successful in his field. So
how did he manage to do so well for himself? Well, it all began in the early ’80s when he was
enrolled in college at Miami University. He quickly realized his affinity for business and decided to
major in it. When he graduated with a BS in science degree, he received his first job at a company
known as Abbott. He worked there for about six years and then continued working his way up the
corporate ladder for the next six years serving as both a corporate officer at Biostar and the vice
president of global marketing at Genzyme.
Finally, in May of 2000, he decided to spearhead his own company which later became known as
Viacell. Based out of the Cambridge area, the primary mission of this new business is to try and
discover new cures and vaccines for as many illnesses and diseases as they can. They typically
perform this procedure by analyzing blood stem cells typically found inside the navel string and
searching for any types of biomarkers that may be present within the genetic makeup of it. It’s not
clear whether they had much success with this process but it was soon sold off after seven years.
Once the sale had finalized, he had to deal with the tragic passing of his wife.
For about two years afterward, he would become a central figure in the lives of his three children
but, before long, his daughter helped him realize he needed to dip his toe back into the business
pool and resume helping people. Heeding her advice, he went on to become the new chairman,
co-founder, and CEO of Renovia in August of 2016. Despite being young, the company has already
started thriving as they were recently awarded a $42 million grant to help them continue their hard
work. Pelvic floor disorders affect nearly a quarter of the female population nationwide which is
exactly why they have devoted a significant amount of their effort to find a treatment for it.
Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html
They are particularly proud of having their first FDA approved the product.
In recent years, he has given talks to future aspiring entrepreneurs where he has advised them to
always maintain a philanthropic mentality, learn from the transgressions of their past and ensure
they maintain a level head in the face of adversity. He has dedicated his entire career to helping as
many people as he can so we hope to see him continue his philanthropy in the future.
It hasn’t always been easy for Marc Beer to make it big in his career but that’s never stopped him before. The 58-year-old businessman and entrepreneur recently sat down for a chat to discuss how he maintains his success and where he would like to go in the future of his career. Back in the early ’80s, he started college as a freshman at Miami University where he discovered his love of business. After receiving his BS degree four years later, he began his post-academic career as a member of the sales department at a company called Abbott. This is a role he would serve in for six years before moving on to Biostar to become their corporate officer in Boulder.
After working for them for two years, he accepted an offer from a company called Genzyme to serve as their new VP of Global Marketing, a job he held for four years before starting his own company. Founded in May of 2000 and headquartered in Cambridge, the primary mission of the company is to analyze blood stem cells from the umbilical cords of new mothers in an effort to research and synthesize potential new cures for various conditions and illnesses. The company employed a significant amount of people and went public in 2005 but shortly thereafter, they decided to sell the company and made a substantial profit off the sale. Around this time, his wife tragically died of a pulmonary embolism and he stepped up to raise their three kids.
He would transport them to school, ensure they had a healthy lunch and help them with whatever they needed but it wasn’t long before his daughter told him he needed to go back to the business world and continue helping people as much as he could. As such, he soon collaborated with fellow colleagues to become the co-founder, chairman, and CEO of Renovia, a company dedicated to developing and mass-producing various medical products for patients suffering from different diseases and conditions. The Boston-based company has already become a massive success as their first product recently became approved by the FDA and one of their grant proposals was accepted which gave them an extra $32 million in funding for their research and development team. Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html
He has given advice to the next generation of aspiring entrepreneurs, telling them to try and be as
philanthropic as possible, be willing to make compromises to help the company succeed and always
learn from their past errors. One of the diseases they’re attempting to uncover a treatment for,
pelvic floor disorders happen to affect over a quarter of the female population nationwide and he
is dedicated to giving back to the community at large.
With a career nearing three decades in the biotech and pharmaceutical industries, Marc Beer’s success is nothing short of monumental. He earned his Bachelor of Science in Business from Miami University, graduating in 1987. Marc then started his career as a sales representative and marketing strategist. This eventually led to him working at Genzyme in 1996. He would work his way up to the Vice President of Global Marketing, prestigious indeed! As the Vice President of Global Marketing, Marc Beer was able to help people across the globe deprived of the necessary medicines needed for numerous rare and debilitating diseases. Gaining the knowledge he needed, Marc began his first venture into entrepreneurship. In 2000, he started ViaCell. The company specialized in harvesting and preserving umbilical cord blood stem cells in order to develop treatments and medicines to cure all kinds of human ailments. Such was the success of Marc Beer and ViaCell that PerkinElmer bought ViaCell in 2007 for the substantial sum of $300 million dollars!
Following shortly after this Marc proved that he was a true champion, hero and real human being as he faced the devastating loss of his wife due to a pulmonary embolism. She was only 42 years of age. He then took on the responsibility of a single parent, raising his three children full-time. During this time one of his daughters, who was 14 at the time, convinced him that he still had more to offer the world. Though she loved her father, she felt he needed to do what he was meant to do: Help those who are suffering. Astounding the wisdom of a child, yes?
This eventually led to him co-founding Renovia with Dr. Ray Iglesias and Yolanda Lorie. Renovia’s focus is on developing diagnostic and therapeutic devices designed for treating women with pelvic floor disorders. The vast potential of the company’s first product, Leva, was recognized and approved by the FDA in April of 2018. Renovia has finished its Series B round of funding. And Mr. Beer has managed to raise over $42 million dollars. $10 million of the $42 million from venture capital.
Marc is truly focused on aiding those in need and knows how to get the job done with spectacular results. From the salesman to a global leader, there is no doubt that improving the quality of life of those in need is a primary focus of Marc Beer. Learn more: https://www.prnewswire.com/news-releases/lumenxt-names-marc-beer-chairman-of-the-board-300822547.html
Businesses face hard times especially when on their early stages. The major problem entrepreneurs face today is raising funds for their businesses. It is not easy for an investor to throw in funds to get you started with your business idea. Paul Saunders, James River Capital Corp. Founder, and CEO have extensive experience in starting up businesses and helping them to grow. This article focuses on his thoughts on how entrepreneurs can finance their businesses.
Learn more: https://www.crunchbase.com/organization/james-river-capital
Who is Paul Saunders? He is an accomplished businessman and entrepreneur in the finance sector. He holds a B.A. from the University of Virginia along with an M.B.A. from the University of Chicago. Saunders has held many prestigious leadership roles at different firms including KP Futures Management Corp and Kidder, Peabody, and Co. Away from his business endeavors, Paul Saunders is a staunch supporter of philanthropic activities. He launched the Sounders Family Foundation alongside his wife.
In 1995, James River Capital Corp. came into existence. The firm started off quickly to become an independent investment firm giving competitors a run for their money. The Virginia-based firm focuses on numerous asset classes such as corporate credit and equity strategies.
When it comes to means of funding a business, bootstrapping should be the first option to come in mind. It is the simplest method of getting financing but it may not fund your business entirely. Nevertheless, it demonstrates to investors that you have put in some leverage and you’re serious about it. If borrowing from your friends or relatives does not sound good for you, you can try crowdfunding. Crowdfunding is a rare way to mobilize for funds from a large group of people. For crowdfunding to be successful, you need to perform campaigns and give the people small incentives such as T-shirts.
Business loans is another way to go to get your business started and going. You can get loans from banks or Small Business Administration. You might get low-interest loans through banks, although you will go through a lengthy process. You can also opt for SBA loans which are easy to qualify for. If you’re not comfortable with interest rates associated with business loans, you can go for local loans. Paul Saunders would tell you to visit your Chamber of Commerce to get guidance on how to get local funding.
Angel investors find business ideas which are promising and fund them. They can part with up to $10,000 to support your business idea. Angel investors can also give you a networking chance with other investors. Closely related to angel investors are venture capitalists. Venture capitalists invest in promising business ideas with the hope of receiving 3-10 times their investments within a short period of time. You can also trade equity with funding.
Marc Beer is a renowned professional when it comes to pharmaceuticals and biotechnology. He is known for his 25 years of experience in the pharmaceutical industry, having created multiple successful companies in the past. Just this April, LumiNXT, which is a company that provides illumination products, announced that Marc Beer will be the new Chairman of its Board of Directors. Beer also holds leadership in a company called Renovia.
As the newest chairman of LumiNXT, Marc Beer expressed his happiness after he was trusted the position. Beer also mentioned how working with a group of dedicated surgeons and engineers is something that he is proud of. The company’s products are known for their proprietary technology, which helps surgeons perform their surgeries safely. According to Beer, LumiNXT has a bright future and believes that the company will be more involved when it comes to minimally invasive approaches.
LumeNXT offers surgical lighting which is self-powered and mountable to allow more customization during a procedure. With the company’s advanced technology, it is able to emit light directly in the wound to improve the visualization. However, as one of its important features., LumeNXT products have a technology in them that reduces the generated heat in order to avoid overheating. This way, the products of the company will promote safety and efficiency. Learn more: https://gazetteday.com/2018/10/marc-beer-funding-renovia/
LumeNXT co-founder Paul Rhyme is also positive in Marc Beer’s influence in the company. Rhyme believes that with Beer’s impressive track and high success in handling startups, he will also be able to help LumeNXT in the global commercial rollout. Rhyme is also announced as the new Chief Executive Officer of LumeNXT last April, and Beer has been one of the persons who made expressed their support to Rhyme.
Marc Beer is also currently one of the main driving forces of Renovia, which is a company that he co-founded in 2016 with Ramon Iglesias and Yolanda Lorie. The company received a successful Series A financing to support their goals. Renovia aims to develop products which help in the diagnosis and treatment of a condition known as Pelvic Floor Disorders. This affects a lot of women in the world, with a lot of cases left undetected because of no available diagnosis devices available. Renovia now released its first main products out of four. The product is called the Leva, which has been in the market.
As one of the most recognizable names in the industry, Marc Beer handled a lot of companies before. One of his ventures in the last decade is becoming the founding chairman of the Minerva Neurosciences, which is a company that focused on developing a treatment for the central nervous system diseases. Beer is also the former CEO of ViaCell before it was acquired by PerkinElmer in 2007. Follow Marc Beer on Facebook
Paul Mampilly has predicted that Big Data will become more assessible to smaller companies. Up until recently, Big Data was only accessible to larger companies with huge marketing budgets. This will have an impact on how consumers interact with businesses around the globe. He also predicts that businesses will start to cater to customers by offering highly personalized marketing strategies. These personalized strategies originated from successful start-up companies and will be mimicked by larger companies to increase revenue. Larger companies will be learning from smaller companies to stay on top of the evolving needs of customers.
Paul Mampilly claims that people will be searching for products using voice searches instead of typing text. Businesses will need to change the way algorithms process these searches. Voice searches will increase the need for AI and voice processing software. He feels that voice search could become its own industry.
Virtual reality might still be relatively new, but the technology behind it is being developed rapidly. Paul Mampilly feels the VR sector is about to explode and will make a good addition to anyone’s investment portfolio. He also feels that people will be looking more long-term with their investments. Join on his crunchbase.com account.
Paul Mampilly claims the political condition of 2019 will be favorable for businesses and entrepreneurs. President Trump has been helping with de-regulation to give more freedom to businesses. There is also going to be a democratic gridlock that will help businesses, as it will be hard for new laws to get passed. The Tax Cuts and Job Act is a new law that helps businesses deduct expenses from investments and provide them with a lower tax rate.
People will be relying on reviews now more than ever. Over 95 percent of consumers rely on online reviews before making a purchase. This trend is only going to intensify in the future. Businesses that work hard to increase positive reviews will outshine those who don’t.
Paul Mampilly worked on Wall Street for 20 years before retiring. He now makes business predictions every month and provides advice and guidance in his newsletter, Profits Unlimited.
The company LumeNXT Incorporated has named its newest member of the organization. Recently, it named longtime executive Marc Beer as its new Chairman of the Board. Beer will be joining a privately held company that focuses on developing specialized surgical illumination products. The products are used to perform minimally invasive surgeries. Once joining LumeN XT, Marc will bring his expertise and over two decades of experience in biotechnology, pharmaceuticals and medical device technology to LumeN XT.
Shortly after being named as the new chairman of LumeN XT, Marc Beer said that he is very proud to be working with a group of surgeons and engineers who are dedicated to using surgical illumination technology in order to perform surgery that is minimally invasive. He also said that he believes in the importance of the technology and products provided by LumeN XT as it will help enhance the effectiveness of minimally invasive surgical procedures.
It has been known that surgeons that use targeted illumination often find out that the technology helps enhance the vision, precision and flexibility whenever an operation is performed. As a result, it is a superior option compared to more traditional surgical techniques and approaches. LumeN XT has the distinct advantage of using advanced illumination that uses heat reduction. This helps improve the surgical precision as well as reducing costs.
The co founder of LumeN XT Paul Rhyne has said that Marc has been able to demonstrate a high level of success with numerous startup companies in the healthcare industry. He has been known to guide companies in a number of different phases or growth. Rhyne also said that Marc Beer has established a lot of experience in starting up companies and guiding them through the process of global growth as well as increasing their profitability.
Prior to joining LumeN XT, Marc Beer has spent the last few years as the founding chairman and chief executive officer of Renovia Incorporated. That company’s mission was to both discover and deliver a line of therapeutic devices. These devices were used to help treat pelvic floor disorders that women experience. Before founding and managing Renovia, Marc was the founder and chairman of another company called Minerva Neurosciences Incorporated. This company was one that provided clinical stage biopharmaceuticals. It developed products to help treat a number of disorders of the central nervous system. The company worked towards developing therapeutic options to psychological conditions such as insomnia, depression and schizophrenia. Learn more: http://professionaltales.com/the-voice-of-marc-beer-how-to-be-a-good-leader/
Throughout his career, Marc Beer has been involved in helping a number of biotechnology and healthcare companies become successful organizations. He was also actively involved in working in the biopharmaceutical field in which he looked to treat diseases and facilitate growth by issuing initial public offerings. Throughout his career, Marc has demonstrated valuable leadership skills that helped many companies reach their full potential.
Marc Beer, Founder and CEO of Renovia Inc., has been named by LumeNXT as the Chairman of its Board. LumeNXT is a leading company dedicated to the development of a proprietary surgical illumination solution for minimally invasive surgeries. He boasts more than 25 years of development as well as commercialization experience in devices, biotechnology, pharmaceuticals, as well as diagnostics.
According to Marc Beer, he is glad to be working with a committed and dedicated group of surgeons as well as engineers who have contributed a lot to the advancement of the field of surgical illumination including the LumeNXT proprietary technology which is playing a big role in safe performing of surgeries. As more surgeries are being carried out leveraging minimally invasive approaches, the importance of the platform will continue to suffice. Surgeons have testified to the efficiency of the technology and they have found that it enhances precision, visualization, as well as flexibility during surgical procedures as compared to traditional techniques.
LumeNXT’s advanced illumination platform serves as a heat reduction mechanism to enhance safety, low-cost disposable options, and surgical precision through enhanced visualization. According to Paul Rhyne, Co-Founder of LumeNXT, Marc Beer has achieved a lot in his career life establishing startup companies and helping them to grow. He has valuable experience in starting as well as guiding companies through global commercial rollout and lead them along the path to profitability.
Marc Beer founded Renovia Inc. with a mission to develop and provide innovative therapeutic and diagnostic devices to women affected by pelvic floor disorders. Formally, he was the founding chairman of Minerva Neurosciences Inc., a biopharmaceutical company which develops products to treat central nervous system diseases. The company performs multiple late-stage clinical trials and develops innovative therapeutic compounds for insomnia, schizophrenia, mood disorders, Parkinson’s disease, and major depressive disorders.
Previously, he held several leadership positions in the biopharmaceutical sector where he headed commercial launches addressing rare disease on a global growth, global scale, initial public offerings, acquisitions and many more. Marc Beer’s other previous positions include Founding Chairman of the board of Good Start Genetics, Inc., CEO of ViaCell, Erytech Pharma Board of Directors, Global Marketing Vice President at Genzyme, as well as other various sales and marketing positions at Abbot Laboratories. He served at the Mass Life Science Board of the Commonwealth of Massachusetts as a members. He also held a position at the Biotechnolgy Industry Organization (BIO) Emerging Companies Section Governing Board. Today, he serves as the Co-founder, chairman and CEO at Renovia Inc. He is a graduate from Miami University, Ohio. Recently, he successful closed $42 million in venture and debt for the women’s health startup. The money was used to develop and test four more new products. Learn more: https://renoviainc.com/
Leadership is a crucial element in the effective management and development of a team. As such, being a leader requires the acquisition of outstanding attributes and expertise necessary for the execution of desirable results. According to James River Capital Corporation, a Virginia-situated investment organization, you need time to nurture your skills and concerted efforts to become an impactful leader. Besides, you need to possess a unique leadership approach to foster your team’s achievement under your management. As such, researchers have performed numerous tests in search of the elements of the appropriate leadership model. Their extensive studies have resulted in the discovery of three primary changes that can alter your leadership structure immensely.
The premier concept entails the component of learning to support your team rather than merely leading it. Jams River Capital illustrated that large company including Facebook had utilized this model in the achievement of success. The shift of roles from managing to supporting your colleagues is an essential component in the change of mentality of your team members. As a leader, you should understand that you foster an excellent relationship your members once you engage with them naturally and understand them instead of leading and giving orders. Through this shift, you will influence the members to work towards achieving the company’s collective goal.
In the latter, support entails embracing the opinion of each team member in different ways including encouraging the expression of their views. Usually, people possess a variety of perspectives regarding a single subject matter. As such it is necessary to ensure that each has presented their point of view in a meeting. As a leader, you can augment a unique strategy to help you achieve this objective. Often, executives throughout the world implement this in their leadership approach through the listing of the meeting’s attendees. Upon the formulation of the list, the leader should ensure that they place a checklist alongside the names of the member. Through this, you will notice the silent members and give them the opportunity to present their ideas regarding the subject at hand. In your pursuit to engage everyone, you should be conscious to ensure that the members still feel comfortable as they present their valuable concepts. Learn more: https://www.crunchbase.com/organization/james-river-capital
You are likely to encourage escalation through the accommodation of the employees’ opinions. Paul Saunders, James River Capital CEO, postulates that a company experiences innovation and collaboration through open communication with its employees. Paul Saunders urges leaders to develop psychological concern, which helps the workers feel safe while presenting their interests to them. Through this, the organization is likely to thrive. Under his management, Paul Saunders has championed for the definition of James River Capital Services. The company focuses on the provision of excellent investment advisory services, commodity merchandising and other related services in the US.