Allison DeAngelis wrote an article for BizJournals, a Boston website that publishes the latest business news in the area, titled “Ex-Aegerion chief Beer Raises $42m for Women’s Health Startup.” The article reveals how Marc Beer co-founded the startup Renovia Inc. The biotechnology company is based in Boston and helps women find solutions for their pelvic floor disorders.
The MedTech company provides diagnostic and therapy solutions for women who have pelvic floor issues like urinary incontinence. This disorder affects more than 250 women around the world.
The company has received a variety of investments for the second Series B round. One company called the Longwood Fund has invested in the company to help them test and develop more products and medicines to help women with pelvic floor disorders. It received nearly $32 million in funding with $10 million for venture debt.
One such product is the Leva device, a training product that helps women train their pelvic floor. A probe is inserted into the vagina while the women perform Kegel exercises to strengthen her pelvic floor. The probe is then connected wirelessly to the Leva app available on Apple products. This will help women train and rehab their pelvic floor muscles to treat mild or moderate urge incontinence. The device allows women to treat their pelvic floor disorders without all of the risks involved in surgery or medication.
Leva is the first product developed by Renovia that has been approved by the FDA. They received the approval in April to help women deal with weakened pelvic floor muscles. More than 61% of women experience leakage after childbirth because the muscles have been weakened. This will often cause leakage, but like any other muscle, the pelvic floor can be strengthened with exercise. Many women simply believe doing Kegels will strengthen their pelvic floor, however, many women are actually performing the exercise incorrectly. The proper way to strengthen the muscles beneath the bladder is to lift and squeeze the entire muscle set instead of creating a downward pushing motion.
Leva provides visualization technology that helps women focus on targeting the proper muscles. With a motion sensor technology, the patient will see the profile both at rest and in movement with real-time interactive visualization through the app. Many patients are able to complete the exercises in under five minutes anywhere that is private. Then they can review their data and track their progress.
Marc Beer is the Chairman, co-founder, and CEO of Renovia who has more than 25 years in biotechnology and pharmaceuticals. He created Renovia with Ramon Iglesias and Yolanda Lorie two years ago. He went through the first Series A round of financing and successfully completed the Series B round. He has been the leader in a variety of other biotechnology companies like ViaCell, as well as working with Genzyme. Learn more : https://renoviainc.com/leadership/