How Marc Beer Restarted His Entrepreneurial Career
In 2007, pharmaceutical and biotech entrepreneur Marc Beer suffered the tragic loss of his wife. Devastated by his loss, he gave up his career as an entrepreneur and focused solely on his home life. He remained out of the game for roughly two years before his 14-year-old daughter began encouraging him to return to work.
Before 2007, Marc Beer was on the fast-track to becoming one of America’s leading marketing and sales geniuses. He got his first big break working at Genzyme, a pharmaceutical company that specialized in developing products for the hundreds of millions of people who are considered medically underserved due to their rare diseases and conditions.
Beer’s place at Genzyme was heading the company’s sales and marketing department. His first major objective was promoting the company’s latest product line, which directly addressed the needs of over 350 million people worldwide. The product line provided much-needed relief for more than 7,000 diseases afflicting their customers.
Beer not only discovered his natural talent for promotion but also his innate desire to help others. Near his end with Genzyme, Beer decided to up his game and push his talents further. Using all of his experience he’d gained up to that point, Marc Beer launched his first company in 2000.
ViaCell was the first venture Marc Beer launched on his own. Within the first five years, he grew the company to employ 300 people and took the company public in 2005. His talent for sales and marketing was only matched by his talent for working closely with medical experts to develop workable solutions for the more pressing and immediate problems.
ViaCell developed products that treated a wide range of conditions that afflicted the human body. Its team accomplished this by using umbilical cord blood stem cells, which ViaCell also collected and preserved. It was after selling ViaCell for $300 million in 2007 that Beer faced his greatest loss.
After losing his wife and focusing on being a stay-at-home dad, Beer found comfort in caring for his three kids. When his daughter began encouraging him to return to work, he hesitated at first. Eventually, she wore him down, and thankfully, he listened to her. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues
Nearby, Dr. Ray Iglesias had reached a point in his research and development that he was ready to show his concept to someone else. Dr. Iglesias had spent the last ten years developing ways to help women with pelvic floor disorders avoid surgery, and when he finally came up with a workable solution, he needed Marc Beer’s help bringing the company to fruition.