Hyloris Pharmaceuticals SA (Euronext Brussels: HYL), a specialty biopharma company committed to addressing unmet medical needs through reinventing existing medications, today announces that its partner AFT Pharmaceuticals (“AFT”) has signed an exclusive licensing and distribution agreement with Salus Pharmaceuticals for Maxigesic® IV, a novel, dual mode-of-action non-opioid pain treatment delivered through intravenous (IV) infusion, in 9 European markets.

Under the terms of the development collaboration agreement between Hyloris and AFT, Hyloris is eligible to receive a share on any product-related revenues, such as license fees, royalties, milestone payments, received by AFT.

The agreement with Salus Pharmaceuticals encompasses the following European territories: Lithuania, Estonia, Latvia, Croatia, Slovenia, Serbia, North Macedonia, Montenegro, and Bosnia.

Maxigesic® IV is already registered in Lithuania, Estonia, Latvia, Croatia and Slovenia, where the first commercial launches are expected later this year. Registration applications will be filed in the remaining countries (Serbia, North Macedonia, Montenegro, Bosnia).

Last November Maxigesic® IV was launched France and Italy, together with Ever Pharma GmbH.

Stijn Van Rompay, Chief Executive Officer of Hyloris, commented: “We are pleased with Maxigesic® IV’s further roll-out. This novel non-opioid pain treatment can soon offer relief to patients in even more countries acrossEurope, and underlines the attractiveness of our business model of reformulating and repurposing existing medicinal products, including its ability to provide significant benefits to patients and health care providers.”