The former Chief Executive Officer of the Aegerion Pharmaceuticals named Marc Beer co-founded a new venture called Renovia Inc. This startup will move forward with some different products for pelvic disorders. They closed a $32 million round on Tuesday. In addition to that, a $10 million venture debt was also closed.
This is a medtech company based in Boston. They are now focusing on developing new therapeutic and diagnostic products. They want to come up with a cure for pelvic floor disorders. These disorders include urinary incontinence. The experts have researched these disorders and came up with an estimate of 250 million women being affected by it worldwide. The company named Renovia developed its first product, Leva. This product received approval from the FDA in April.
A healthcare investment company named The Longwood Fund also supported the MedTech company Renovia. They also joined the Series B round. It was led by Perceptive Advisors that come from New York and Ascension Ventures that are based in Missouri. The funding was made in order to help develop and test more diagnostic and therapeutic products. This also includes coming up with a new version for the Leva device.
The current CEO of Renovia, Marc Beer said that the company is very excited to have the support of such a group of companies and investors. Such companies also share the same vision which is important for developing excellent products. Mr. Beer gave a statement saying that combining Renovia’s innovative technology with digital health platforms will give people valuable products. This will pave the way for new treatment options. The research will provide more knowledge about such pelvic disorders. Ultimately, this will decrease healthcare costs.
Marc Beer started this venture, Renovia, after leaving the Aegerion Pharmaceuticals back in 2015. Mr. Beer has also worked as a consultant at the Ova Science.
About Marc Beer
Marc Beer is serving as the current President of the International Court Administration. He is also a member of the Commercial Dispute Taskforce and The Innovation Working Group. Learn more: https://renoviainc.com/
Mr. Beer is current Chairman of the Global Legal Action Network. He has served as the CEO of Dubai internarial Finance Center and Registrar at the DIFC Courts. In addition to all that, he also works as the advisor for the Board of Resolve Disputes Online. Follow Marc Beer on LinkedIn
Marc Beer has the honor of studying at both Manchester Grammar School and the King Edward’s School as well. He graduated in Law from the University of Oxford in the 90s. He was the captain of the Trinity College Rugby Union.
The Arabian Business.com named him as the Top 50 most influential Brits.
Rainbow34 December 14, 2018