As the current chairman, cofounder and CEO of Renovia, Marc Beer is certainly no stranger to success but this type of prosperity didn’t always come naturally to him. So how has he managed to rise to the top of the corporate ladder? Well, he recently had a chat with Stephen Callahan where he discussed how he made it this far and what his secrets to success are. From an early age, he knew he wanted to be a businessman so it came as no surprise to anyone when he declared business as his major in college at Miami University. Upon receiving his bachelor of science degree in the spring of 1987, he was offered a position at a company called Abbott where he would serve as a member of their sales development team. He eventually accepted the offer.
After remaining at the company for over half a decade, he was offered the position of corporate officer by Biostar and he would go on to serve in this role for two years. In the fall of 1996, Genzyme made him an offer that he couldn’t refuse and, before he even knew what was happening, he ended up becoming their vice president of global marketing. Finally, in May of 2000, he resolved to become the founder and CEO of Viacell, a company dedicated to finding as many vaccines and cures to diseases as they possibly can. They did this by extracting stem cells from the umbilical cords of mothers and examining their genetic makeup to find any biomarkers they may be able to use. Learn more: https://www.crunchbase.com/person/marc-beer
Under his leadership, the company proved to be lucrative and even employed as many as 300 workers at one point but, just two years after they went public, he decided to sell it for a huge profit. As he began preparing for his next business venture, his plans were put on hold due to the sudden death of his wife, Jennifer, at the age of 42. He had to step up and become the primary caregiver to his three kids and, while that may have worked for a time, he soon realized with the help of his daughter that he needed to get back to the biotech industry. As such, it wasn’t long before he was launching a new company known as Renovia alongside Dr. Ray Iglesias and Yolanda Lorie. As someone who’s invested in it, he has ensured the company’s prosperity.
Based out of Boston and established in 2016, the company’s sole mission is to develop various medical tools to help patients who are currently battling illnesses. At least one of their products has already been approved by the FDA and they hope to continue this trend.