One of the industries that have been experiencing rapid developments is the biotechnology sector. The success of any incorporation is dependent on the leadership within the company. For a biotechnology startup organization to succeed, there must be an unlimited source of funds that can be used for research and development purposes. Companies such as Renovia have always been a step ahead because of the leadership within the organization. Renovia is led by Marc Beer. His prowess in the industry accrues from the experience that he has garnered for more than two decades. His knowledge about the FDA approval process has also been beneficial to Renovia.
Since Renovia was in need of a considerable amount of funds, Marc Beer resorted to carrying out a fundraiser. As the chief executive officer, he was tasked with handling such matters within the company. Marc Beer was happy to announce that the fundraiser went on successfully. Renovia now had access to $42.3 million, courtesy of the fundraiser. The company could now further its research and development while trying to find a medical solution to pelvic disorders in women.
As a leading biotechnology company, Renovia has been striving to ensure that the victims of pelvic floor disorders have access to suitable medical solutions. After carrying out some research, Renovia discovered that people suffering from pelvic floor disorders could be treated by engaging in various forms of therapy. The company successfully invented the Leva technology. The FDA approved Leva in April 2018. The Leva application monitors and ensures that women are engaging in strength training. The training is meant to strengthen the pelvic muscles. As a result, ailments such as urinary incontinence cease to affect the patients.
Although the first version of Leva has come in handy, Renovia is set to formulate a more advanced version of the application. The company will also use some of the money from the fundraiser to create more advanced forms of diagnostic equipment. According to Marc Beer, Renovia will use all the resources at its disposal to ensure that people have unlimited access to various forms of treatment. Additionally, women will gain more insight into the pelvic floor disorder. The long-term healthcare costs will also be pocket-friendly.
Since Marc Beer was in charge of the fundraising effort, he teamed up with other companies that share the vision of Renovia. He enlightened the donors about how the money will be used to develop advanced forms of technology. Through the assistance of the Perceptive Advisers and Ascension Ventures, the fundraiser progressed effectively. The Longwood Fund and the OSF Ventures are among the few companies that actively participated in the fundraiser. Most women are afraid of talking about the pelvic floor disorders because they fear stigmatization. Nevertheless, Renovia is working hard to ensure that these women get access to proper forms of treatment. Learn more: https://www.crunchbase.com/person/marc-beer