OSI Group—A Roadmap to Success

The Gazette article titled A Century of Innovation at OSI Group and posted April 30, 2018 provides a roadmap of how a local butcher shop started by German immigrant Otto Kolschowsky in Chicago in 1909 grew to a multinational food provider with sales of $6.1 billion in 2017. The pathway to success began with development of a stable and successful local meat products business named Otto & Sons. The next step involved the fateful, strategic teaming with Ray Kroc just prior to the McDonald’s franchise startup in 1955. A technology breakthrough in the late 1960’s, the introduction of cryogenic food processing to quick freeze food, provided for product expansion and cost reduction, allowing Otto & Sons to expand facilities to meet the supply demands of the continued growth of McDonald’s and serve other markets.

Over time the company added several food products and non-meat products to what they offer including salsa, beans, tofu products and vegetable products for restaurants and retail. The company progressively went global by mergers, acquisitions and construction of production facilities in the United Kingdom, Germany, Spain, the Philippines, Mexico, Japan and China, among others. Part of this major global expansion was due to following McDonald’s move into the international market but also the OSI Group’s savvy business practices including opening their own Culinary Research Centers, one at their corporate headquarters in Aurora, Illinois and another in Shanghai, China.

These research and development facilities allow the OSI Group to partner with clients in the development of new and better products and to facilitate integration of the latest technology in food safety and quality in its operations. Sheldon Lavin, who became chairman and CEO in the early 1980s, brought the necessary experience as an investor and banking sector executive to work the sophisticated capitalization and negotiating needed to support this global growth. Forbes ranked the OSI Group #58 on its list of largest private companies in 2016. Much more about the OSI Group’s century of growth is detailed in the full article available at .Your text to link…

Renovia Gets A Major Boost After Marc Beer Closes $42 Million

Renovia Inc, set to move forward with several pelvic floor disorder products after its founding CEO sourced $42 million in Series B round and venture debt. He managed to raise $32 million in Series B and $10 million in venture debt. Renovia Inc., is a pharmaceutical startup that is focused on finding treatment for pelvic floor disorders in women.

 

Renovia is developing diagnostic and therapeutic products that will put pelvic floor cases to rest. According to a research, over 250 million women across the world have urinary incontinence, one type of pelvic floor disorders. One of the first products Renovia developed, Leva, was approved in April by FDA.

 

The Series B round of financing was conducted by Perceptive Advisors and Ascension Ventures which are based in New York and Missouri respectively. The funds will be used to develop four more therapeutic and diagnostic products including a modern generation of the Leva device.

 

Marc Beer expressed his excitement for the support he garnered from leading investors in the healthcare sector. In a statement, he stated that the supportive investors share the same vision with his company to improve the lives of women suffering from pelvic floor disorders around the world. He looks to avail valuable data to their customers that will inform new treatment options, drive greater knowledge and ultimately, improve understanding of the disorders. In the long-run, long-term healthcare costs will be reduced.

 

Marc Beer has led a successful career in the healthcare industry working in prominent companies and establishing companies. He served at OvaScience as a strategic consultant. OvaScience had shown interests of merging with Millendo Therapeutics. Learn more: https://gazetteday.com/2018/10/marc-beer-funding-renovia/

 

A Look at the Career Life of Marc Beer

 

Marc Beer is the co-founder and CEO of the Boston-based medtech company. He brings over 25 years of development and commercialization experience in the pharmaceutical, biotechnology, diagnostic and device industries. He earned his BS degree from Miami University, OHIO. He has worked at several companies and founded a couple of companies that thrived in the industry.

 

As the Founding CEO of ViaCell, he led the biotechnology company from inception to when it had over 300 employees and went public. The company was later acquired by PerkinElmer in 2007. At the same time, Beer was a member of Erytech Pharma’s Board of Directors. Mr. Beer was the Founding Chairman of the board of directors as well as chairman of the compensation committee of Good Start Genetics. He serves in various capacities at Minerva Neurosciences. He sits in the Miami University Business Advisory Council as a member. Formerly, he sat in the Notre Dame Research and Commercialization Advisory Committee as well as Norte Dame Graduate Studies Research and Advisory Council as a member. The work background of Marc Beer is extensive. His dedicated service in the industry has promoted the industry significantly.