EQL Pharma entered into an exclusive out-licensing agreement with a leading European pharmaceutical company for EQL's proprietary product Mellozzan (melatonin) for two major geographies in Southern Europe. The agreement is in practice without a set time limit and applies to tablets in six different strengths as well as an oral solution. Both formulations are ready to send in for registration in the two countries.

Mellozzan is a medicine given to children with sleep disorders who have ADHD and where sleep hygiene measures are not enough. In the ADHD patient group insomnia is very common, often exacerbated by treatment with central stimulants such as methylphenidate or dexamphetamine. It can also be given as a short-term treatment to adults with sleep disorders caused by jet lag.

Mellozzan was launched by EQL in Sweden in 2021, and EQL's ambition is to offer the product in all interesting markets in Europe and elsewhere via out-licensing. The strategic partner is one of the most successful pharmaceutical holdings in Europe, with extensive resources in sales and marketing across a number of countries. The agreement includes a consideration of few hundred thousand EUR in down payment and regulatory milestones subject to fulfilment of certain regulatory and commercial conditions, and a supply price with a double-digit percentage over the net selling price.

The launch of Mellozzan in Southern Europe will take place as soon as possible, mainly governed by processing times at authorities for registration and reimbursement. EQL Pharma has advanced negotiations regarding Mellozzan with several other companies for additional countries in and outside of Europe.