Following the initial investment in 2019, IW Capital has led the second round of funding in Flarian, a patent protected lipid formulated ibuprofen which at a dose of 1200 mg/day has shown to be as effective as 2400mg/day of standard liquid ibuprofen capsules in patients with acute joint pain.
Flarin’s unique lipid formulation also helps to shield the stomach from damage.
Over the past year, Flarin has seen expansion through sales of Flarin Joint and Muscular Pain Relief into mass multiples such as Boots, Superdrug, Sainsbury, Morrisons as well as Amazon, Ocado and other online retailers.
Flarin Holdings was originally demerged from a group, Infirst Healthcare Limited, in 2019 in order to provide greater focus on the rapid commercialisation of Flarin. IW Capital provided the initial growth capital to support the management and the business plan in a first round in October 2019.
Luke Davis, CEO of IW Capital, says: “We are hugely excited to be involved with this innovative pharmaceutical product at an early stage in its commercial development. The first round of funding was a huge success and this one, being oversubscribed, has mirrored that. In the current climate, Flarin is in a superb position to expand its UK market share and expand into overseas markets.
“It is also key to be able to work with such an experienced management team in the pharmaceutical and healthcare arena. There is a fantastic exit opportunity here with the product already fully developed and on sale in UK pharmacies and supermarkets. We look forward to supporting the future growth of Flarin in the coming years.”
Andrew Macmillen, Managing Director of Flarin, says: “It gives us great confidence to have attracted this oversubscribed funding round during lockdown and at an increased valuation. We look forward to taking Flarin to the next stage of its commercial development. These new funds give Flarin greater ability to increase investment in marketing in the UK as well as continuing to progress regulatory submissions and partnerships in other countries.”
