Renovia Inc. is a startup organization that was founded by Marc Beer. Renovia is an organization in the pharmaceutical industry. The company will be moving forward with its new products that deal with pelvic floor disorders after it closed at $32 million Series B round. In addition to this, the company closed with another ten million in business debt. Renovia is located in Boston, and the company is coming up with several diagnostic and therapeutic products meant to cure pelvic floor disorders such as urinary incontinence. According to researchers, the disorder is affecting more than 250 million women around the globe. The first product of Renovia received approval from FDA in April. Longwood fund also joined Series B round too. Learn more: https://renoviainc.com/leadership/
Longwood is an organization that invests in companies that are dealing with healthcare. The organization is under Perspective Advisor in New York as well as Ascension Ventures base in Missouri. The funding will be used to create and testing four other diagnostic and therapeutic products including Leva device’s new generation. Marc Beer claimed that they were happy to have such partners who are ready to fund the shared vision to diagnose correctly, as well as treat, and enhance the lives of millions of women across the world who are suffering from pelvic floor disorders. By bringing together the company’s proprietary and innovative sensor technologies, the organization will be able to create elements with a digital health platform that will provide its clients with information about the company’s new treatment options.
In addition to this, the platform will allow the clients to get a better understanding of the disorders of the pelvic floor. Moreover, it will help the customers to be able to lower the costs of long-term health care. Renovia forms the first organization that Marc Beer has come up with since he left Aegerion. Marc has brought great talent to the organization since it was started in 2016. He believes that with this great team, the organization will soar high in terms of success in the coming years.
Marc takes his time to recruit the best of the best into his organization, a fact that gives him confidence that they will reach their goals. He believes that Renovia is the leader when it comes to the healthcare of women as well as in the digital health. Marc acknowledges the fact that there were earlier breakthroughs in peripheral vascular disease, pain management, and cardiac disorders. But there had never been such a breakthrough in women healthcare and digital healthcare until Renovia came into existence. Marc goes ahead to say that he knows that there will be more breakthroughs in the area in the future. According to Marc, all organizations require capital efficiency and resource allocation, and this is what has seen Renovia to its current state. Follow Marc Beer on LinkedIn