The healthcare industry is diverse. There are always different forms of treatment for various ailments. In this context, you will get to know more about the biotechnology industry and the leading companies in this sector. To be precise, Renovia Inc. will serve as our company of interest. Renovia Inc. is led by Marc Beer. The company was launched in 2016 with Marc Beer as the founder. As a biotechnology company, Renovia Inc. has been striving to find the most suitable forms of treatment for the pelvic floor disorders which are affecting women. Urinary continence is the most common pelvic floor disorder. Luckily, Renovia Inc. has been able to formulate various forms of treatment that have been meant to treat this ailment.
About Marc Beer and the $42M Fundraiser
Since 2016, Renovia Inc. has had some breakthroughs regarding the treatment options for the pelvic floor disorder. The main advantage that the company has hand revolves around the experience that Marc Beer has in the pharmaceutical and biotechnology industries. Additionally, Marc Beer is knowledgeable about the FDA approval process. Since Renovia Inc. was able to come up with Leva, their technology was able to pass the FDA approval process thanks to the knowledge that Marc Beer harbors in such areas. Although that was a significant achievement, Renovia Inc. needed more funds that would be used to ensure that the company can continue performing biotechnology-related research while in pursuit of a solution to the various ailments affecting people globally.
Since more than 250 million women are suffering from urinary continence and other pelvic floor disorders globally, Renovia Inc. is striving to ensure that they can also formulate more affordable forms of treatment. Urinary continence is a disorder, and it can only be managed; that is why Renovia Inc. is trying to come up with types of therapy that can be used to enhance the strength of the muscles within the body. If you are suffering from the pelvic floor disorder, you can utilize the Leva technology that was created by Renovia Inc. This form of technology can help you through your coaching sessions. It also offers visualizations in real time, and this is all possible courtesy of the Bluetooth device installed within the system.
Since Renovia Inc. is trying to come up with more advanced forms of the Leva technology, the biotechnology company had to seek finances through a fundraiser. Furthermore, the amount needed was $42M. Marc Beer was up to the task, and he ensured that everything has gone as planned. Although $10M was raised through venture debt, the Series B Funding had already accumulated a total of $32.3M. Renovia Inc. is now in a better position to come up with state-of-the-art diagnostic tools that will be used during the treatment of women with the pelvic floor disorders. Apart from that, Renovia Inc. will strive to come up with treatment techniques that are more affordable. Learn more: https://renoviainc.com/leadership/