He has faced a lot of obstacles throughout his career but Marc Beer has never let that stand in the way of his success. In fact, just recently he became the co-founder, chairman and CEO of a new company called Renovia but it was a long and arduous road to get to this point. So how has he managed it? Well, he first enrolled in Miami University in autumn of 1983 with the intention of obtaining a bachelor of science in business degree.
After graduating four years later, he received his first post-academic position working for a company called Abbott where he served as a member of the sales department. After six years in this role, he took a different job working in sales and marketing at a business known as Biostar Inc for about two years.
He then assumed the role of vice president of global marketing at a business called Genzyme where he worked for about four years before becoming the founder and CEO of his own company.
First established in May of 2000 and located in Cambridge, Viacell’s primary goal is to extract the blood stem cells from the umbilical cords of mothers and analyzing these cells to see if they can uncover any cures for various diseases or illnesses people may be suffering from. At one point, the company had over 300 employees working for them and, by the time he decided to sell it to Perkin Elmer in 2007, they were worth more than $300 million just two years after they went public.
Afterwards, he found himself ready to begin his next business venture but, before he could, tragedy struck at home after his wife passed away at 42 of a pulmonary embolism. After the mourning period, he had to step up and become the sole caretaker of his three children. He would pack their lunches, pick them up from school and help them with their schoolwork as per necessary. Two years later, however, his daughter helped him to see that the business world needed him and so, in 2016, he teamed up with Dr. Ray Iglesias and Yolanda Lorie to establish Renovia. The main mission of the company is to develop and produce various medical products to help patients who are suffering from a wide variety of illnesses and diseases.
Learn more: https://blogwebpedia.com/marc-beer-entrepreneurial-spirit-biotech.html
The company has already had widespread success as they recently had their first product approved by the FDA and they’ve received a $32 million grant to help fund their research and development. They’re currently working on treating pelvic floor disorders which affect up to 25% of females throughout the United States and they hope to continue giving back to the community in the future.