Investment & Fund Management
backed by the European
Full Credential Description
Philippe Sollie, a pharmacist by profession, faced challenges in expanding his medical device company, Flen Pharma, which specializes in wound healing products. To address these challenges, he secured an EU-guaranteed loan from ING Luxembourg, backed by the European Fund for Strategic Investments (EFSI). This financial support was crucial for facilitating access to finance for small and medium-sized enterprises (SMEs) like his.
With part of the loan, Philippe successfully opened a franchise in the United Kingdom, which enabled him to establish a network of distributors. Additionally, he planned to utilize the remaining funds to hire two more researchers and invest in the research and development of his innovative products. As a result of these strategic investments, Flen Pharma has grown to employ around 75 staff members and continues to develop a new class of wound healing products that significantly reduce pain and trauma after injuries.