Stefan Yee

CHAIRMAN AND NON-EXECUTIVE DIRECTOR

Mr. Stefan Yee has more than 35 years of experience in audit, corporate law, mergers and acquisitions, corporate finance and private equity.

Mr. Stefan Yee has more than 35 years of experience in audit, corporate law, mergers and acquisitions, corporate finance, investment banking, governance and private equity with companies as KPMG, Linklaters, the Flemish investment bank Lessius, FPIM International, Beluga (Euronext Brussels) and as the founder and CEO of the PE Group and PE Capital Group (now Arteva Capital), a Belgian privately held private equity group. Stefan is, and has been an investor and/or board member of several listed and private companies such as, amongst others, Beluga, Encare group (Mensura), AXI group, The Reference, Loomans Group, Capco, Spacewell, Dekabo group, AED Group, Banqup Group (Euronext Brussels), NRG Fitness, Robovision, Kemetyl Group, EnergyKing group or Nallian, including several healthcare related companies (Docpharma (formerly Euronext Brussels), Uteron Pharma, Imcyse, BrainM and Axiles Bionics). Stefan holds master’s degrees in law and business management from the Universities of Brussels (VUB and ULB Solvay Business School) and the University of Chicago Law School (as a BAEF Fellow).

Leon Van Rompay

NON-EXECUTIVE DIRECTOR

Leon Van Rompay has more than 40 years’ experience in the pharmaceutical market. During his professional career he served in.

Leon Van Rompay has more than 40 years’ experience in the pharmaceutical market. During his professional career he served in several positions including country & area manager (covering major territories) and board member of the Zambon Group. He was founder and CEO of Docpharma, a Belgian based generics company that was listed on Euronext and served on different boards including Ecodis and Uteron Pharmaceuticals. He was a founding member of BIGE/IBES (Belgian Institute for Health and Economics), the B.G.A. (Belgian Generic Association), BAPIE (Belgian Association of Parallel Import and Export) and was an executive committee member and board member of the Belgian Pharmaceutical Industry Association. He also was a member of the pharmaceutical deontological commission and responsible for this commission in the industry association executive committee.

Mélanie Mestdagt

NON-EXECUTIVE INDEPENDENT DIRECTOR

Dr. Mélanie Mestdagt is a seasoned executive with over 20 years of leadership in the biotechnology and pharmaceutical industries. She currently serves as CEO of EyeD Pharma and UniD Manufacturing, two Belgian-based companies specializing in innovative long-acting drug delivery implants. Under her leadership, the companies have grown to nearly 100 employees and secured over €70 million in combined funding, while overseeing the development of new manufacturing facilities and guiding products from early-stage research through to market authorization.

Prior to her current role, Dr. Mestdagt held successive leadership positions at EyeD Pharma and Biofinance Consulting, and previously worked at Uteron and Actavis in R&D funding and strategic coordination roles. Her career began in academia, where she earned a PhD in Biomedical and Pharmaceutical Sciences from the University of Liège and conducted oncology research supported by FNRS Télévie.

She currently serves on the boards of AWEX (Wallonia Export-Investment Agency), the European Biotech Campus (EUBC), and is Vice-President of the BioWin Health Cluster. Dr. Mestdagt brings deep expertise in translational research, industrialization, regulatory strategy, and public-private financing in health innovation.

She is a Belgian national and holds a PhD and multiple degrees in biomedical sciences from the University of Liège.

Vincent Van Dessel

NON-EXECUTIVE INDEPENDENT DIRECTOR

Vincent started his career in 1984 as a stockbroker at Cohen, De Greef, Van Dessel & C° in Brussels (Belgium) and later (1989) Van Dessel & C° in Antwerp (Belgium). In 1992, he joined the Brussels Stock Exchange (which became part of Euronext in 2000) as Markets and Listing Director and became member of the managing board Brussels Stock Exchanges (1998), member of the Executive Committee of Euronext NV (2000), member of the Management Board of NYSE Euronext and Chairman and CEO of NYSE Euronext Brussels (2009) and member of the Managing Board of Euronext NV and Chairman and CEO of Euronext Brussels (2014).

He served as Chairman of the Brussels Market Authority from 2000 to 2003 and was member of the Belgian Corporate Governance Committee from 2009 till 2023 and member of the Euribor Steering Committee from 2015 till 2020. In May 2024, he has been appointed member of the Board of VFB, the Federation of individual investors in Belgium and since 1st of January 2025 he serves as Chairman of this Board.

He is Licenciaat-Doctorandus in Applied Economics from the KULeuven University, Belgium and has been guest lecturer in several universities including the KULeuven, UCL, Lille University, Solvay Business School, HEC Liège Antwerp University and Paris Sorbonne.

Revital Rattenbach

NON-EXECUTIVE INDEPENDENT DIRECTOR

Seasoned entrepreneur in biotech with 15+ years of experience, Revital Rattenbach is the founding CEO of 4P-Pharma, a clinical stage biotech specialized in drug regeneration for treating severe diseases.

Under her CEOship, 4P-Pharma assembled a unique circular drug development platform which delivered 2 programs in clinical stage while nurturing a furnished preclinical pipeline. She signed multiple academic and pharma collaborations worldwide and closed series of fundraising since 4P incorporation 8 years ago.

Prior to her role at 4P, Revital was the Head of PharmaSeed Europe (2013-2014) a research organization specialized in early development where she supervised all BD activities, finance and operations.

Prior to PharmaSeed, Revital started her entrepreneurship path by co-founding Adstem, a spin-off of Sorbonne University to activate endogenous adult stem cells. Revital is board member of Biosenic, listed company on Euronext Brussels and she holds a PhD in Biology from University of Paris VI and an MBA from Sorbonne University.

Mrs Revital Rattenbach is a Hyloris Independent Board Member and Chair of the Hyloris Product Selection Committee.

Stijn Van Rompay

chief executive officer & co-founder

Mr. Stijn Van Rompay has over 20 years of experience in leadership positions at various pharmaceutical companies.

Stijn co-founded and was the CEO of Alter Pharma, a pharmaceutical company focused on the development of complex generics and pharmacy-related product sales. He was also co-CEO of Uteron Pharma, a company focused on innovative female healthcare products.

Prior to these positions, Stijn was CFO and later, CEO of Docpharma (formerly quoted on Euronext Brussels) a generics and medical-device company. Under his leadership, the companies recorded strong growth and value creation. He also holds several non-executive director positions in the biotech sector, and acts as an advisor to venture capital investors. Stijn holds a Master’s degree in Applied Economics from the University of Antwerp and an honorary doctorate from Long Island University.

Thomas Jacobsen

chief business development officer & co-founder

Mr. Thomas Jacobsen has over 20 years of experience in the pharmaceutical industry, with expertise in operational management, business development, licensing, and research and development.

He co-founded Alter Pharma, a pharmaceutical company focused on the development of complex generics and pharmacy-related product distribution. Prior to this, he worked with Docpharma, a generics and medical-device company that was acquired by Matrix Laboratories/Mylan Laboratories, where he worked on out-licensing of Docpharma’s products. Thomas started his career in the Scandinavian-based generics company Alternova, where he was responsible for licensing, product registration and launches. Thomas holds a Master’s Degree in Pharmacy from the University of Copenhagen and a Business Degree from Copenhagen Business School.

Thomas was co_ceo of Hyloris from mid 2024 till November 2025.

Christophe Maréchal

CHIEF FINANCIAL OFFICER

Christophe Maréchal is an experienced executive with a strong background in financial and strategic leadership. With over 30 years of professional experience, he has held senior financial roles across various industries, including pharmaceuticals, EPC, telecommunications, glass manufacturing, and banking. His career includes key positions with major international organizations such as Orange and AGC, and Mithra Pharmaceuticals, providing him with valuable global exposure.

Christophe has expertise in corporate finance, equity fundraising, investor relations, mergers and acquisitions, tax planning, treasury, supply chain optimization, and financial risk management. He has developed and implemented strategies to drive long-term business growth and improve operational and financial performance.

He holds a Master of Business Administration in Commercial Engineering from the University of Liège, Belgium, and has studied econometrics at the Katholieke Universiteit Brabant in Tilburg, Netherlands.

Dietmar Aichhorn

CHIEF OPERATING OFFICER

Dr. Dietmar Aichhorn, PhD, has over 25 years of experience in various scientific roles within the pharmaceutical industry.

Over the course of his career at Sandoz, Mylan, Innovacell, ViraTherapeutics and Polpharma Biologics, Dietmar has held several senior management positions of increasing responsibilities including Head Clinical Development and Head Development. Dr. Dietmar Aichhorn is an expert in the fields of technical development, clinical development and regulatory affairs in the US, EU and other key geographies. Most recently, Dietmar had an assignment at Polpharma Biologics, where he was responsible for the clinical development of monoclonal antibodies. Dietmar has a master in chemistry from Kepler University Linz and doctorate from Vienna University of Economics and Business.

Ann De Jaeger

CHIEF LEGAL OFFICER AND GENERAL SECRETARY TO THE BOARD

Ann De Jaeger has over 25 years of international leadership experience in legal, governance, and corporate affairs.,

Throughout her career, Ann has held senior executive and board-facing roles at multinational, listed, and family-owned companies in the FMCG and B2B sectors, including Tate & Lyle, Barco, Alpro, Danone and What’s Cooking Group. She has a strong track record in supporting business transformation, M&A, regulatory strategy, communication, and stakeholder engagement, serving as a trusted advisor to CEOs and boards on corporate governance, compliance, and risk management. Ann has played a leading role in major strategic transactions, company and product positioning, integrations, and divestitures, and has extensive experience in public affairs and ESG advocacy at European and international levels.

Ann holds a Master of Law from Ghent University, a master in business law from the University of Antwerp, and has completed several leadership courses at IMD, MIT, and Vlerick. She is also a Certified Board Director.

Carolyn Myers

Expert connected to the Hyloris Product Selection Committee

Dr. Carolyn Myers is the Founder, President & CEO of FendX Technologies, an emerging technology company developing innovative surface protection solutions to reduce contamination and improve safety across healthcare and commercial environments. She also serves as the Principal of BioEnsemble, advising life science companies on value creation, development strategy, and portfolio optimization.

She brings extensive experience in creating value and increasing profitability in the pharmaceutical industry, with broad leadership across general management, business development, and commercial strategy in U.S. and global markets.

Dr. Myers is adept at developing strategic plans and translating them into actionable objectives that drive performance and growth. Her work spans multiple therapeutic and technology domains, with a focus on translating promising science into commercially attractive, partnership‑ready assets.

Dr. Carolyn Myers is Expert connected to the Hyloris Product Selection Committee.

GP Singh

Expert connected to the Hyloris Product Selection Committee

Mr. GP Singh, A global pharma CEO with 25+ years’ experience of successfully establishing and operating complex businesses.

Before co-founding SHINKEI he has managed multiple types of pharmaceutical businesses across various geographies during his tenure at Jubilant Pharma as Global CEO. Prior to Jubilant, Singh had served as President of Sun Pharmaceuticals, US and as CEO of Caraco Pharma contributing to the growth of US businesses.

GP has expertise in establishing world-class commercial, manufacturing and development organizations and lead them on growth path through inorganic and organic growth strategies.

Mr. GP Singh is Expert connected to the Hyloris Product Selection Committee.

We add value to pharma through the smart, innovative use of existing medicines — addressing unmet patient needs worldwide.

For patients. For practitioners. And for the future of healthcare.

Our Product Portfolio

Since our inception, we have significantly strengthened our capabilities and skills, expanding our focus towards complex, reformulated and repurposed patented products, thereby moving further up the value chain. By applying our know-how and technological innovations to existing pharmaceuticals, we have built a broad proprietary portfolio of value-added product candidates.

Our pipeline spans 30+ products and product candidates — 28 of which are publicly announced — 25 of which are value-added — and is organized around 3 Strategic Focus Groups for Growth: Mavericks, Core Drivers and Promising Seeds.

The portfolio currently includes 4 commercial products which deliver royalties income and are widely brought to the market thanks to an impressive number of partnerships (Maxigesic® IV, Sotalol IV, Podofilox Gel, Tranexamic Acid IV RTU), 25+ products in development of which 2 pending filings (Atomoxetine and Valacyclovir powder for suspension). Most of our cardiovascular candidates are intended for commercialization through third party sales force, targeting cardiovascular specialists and hospitals in the U.S., while we are also pursuing value-added candidates in other high-value markets beyond the cardiovascular space.

We want to lead in number of 505(b)(2) value-added products.

NCE’s may exist already but are now registered by Hyloris in a territory where it did not exist before.

Mavericks

High-potential products backed by clinical evidence and significant commercial potential
Product
Formulation/Manufacturing
Clinical Development
Target Market
HY-094(NCE)
Iron deficiency: Iron Deficiency Anemia
WW
HY-094 is a next-generation intravenous (IV) iron product candidate and new chemical entity (NCE) for the treatment of iron deficiency anemia in adults. It is designed to address limitations of existing IV iron therapies with the potential to provide effective iron replenishment and improved tolerability. HY-094 is being co-developed with AFT Pharmaceuticals for global commercialization.
Stage

HY-094 has completed Phase 2b development and is advancing toward Phase 3 clinical trials.

Indication

For the treatment of iron deficiency anemia in adults.

Benefit

HY-094 is designed to deliver effective iron replacement with the potential for single-infusion administration, with a favorable tolerability profile.

IP Rights/Exclusivity

Proprietary IP (exclusive global human-use license secured).

Milrinone ER(Repurposing)
Cardiovascular: Late-stage HF with LVAD
WW
Milrinone ER is designed to provide strengthening of heart contraction in a proprietary extended release (ER) oral formulation tailored for long-term use. By providing steady-state exposure in a convenient twice-daily oral dosage form, Milrinone ER has the potential to support a shift toward a more stable, practical, and autonomous long-term treatment approach for patients who currently have limited approved options. This differentiated profile may help reduce key treatment burden barriers that restrict chronic management in this setting.
Stage

Ongoing human Phase 1 PK studies.

Indication

For the treatment of right heart failure (RHF) in patients with a left ventricular assist device (LVAD).

Benefit

Milrinone ER is designed to lead to a stable and controlled milrinone effect and has the potential to become the first available oral medication to improve strength of heart function in late-stage heart failure patients. This product is planned to be eligible and convenient for long-term oral therapy and reduce reliance on existing regimens of chronic intravenous pharmacotherapy with all its downsides regarding cost, complexity and safety.

IP Rights/Exclusivity

Priority patent application filed in 2025.  Expiry when granted: 2046.
This application covers the composition under development.

FDA Orphan Drug Designation.
LVAD-associated RHF indication.

Miconazole DB(NCE)
Infectious diseases: rVVC/BV
WW
Dual-action vaginal cream combining miconazole, a standard-of-care fungistatic, with domiphen bromide (DB) to address both yeast and bacterial infections. The program is initially focused on Vulvovaginal Candidiasis (VVC), with subsequent expansion into bacterial vaginosis (BV). By delivering treatment directly to the vaginal mucosa, the product is designed to improve outcomes in patients with persistent, mixed or difficult-to-diagnose infections.
Stage

Dose-finding Phase 2 study in VVC completed.
Preparations are underway for an exploratory clinical trial to assess potential efficacy against bacterial strains, including Gardnerella.

Indication

Treatment of vulvovaginal candidiasis (VVC) and bacterial vaginosis (BV).

Benefit

The dual-action candidate combines miconazole’s antifungal activity with domiphen bromide’s antiseptic properties, promoting eradication of both Candida and bacterial pathogens. This differentiated mechanism may help address an important driver of recurrence.

IP Rights/Exclusivity

Intellectual property protection through 2038, 2044 and 2045.

Suramin IV(NCE)
Tropical diseases: Human African Trypanosomiasis
U.S.
Suramin IV is being developed for Human African Trypanosomiasis (HAT). Because HAT is included on the FDA's list of tropical diseases eligible for a Priority Review Voucher, approval in this indication could potentially qualify the program for a Priority Review Voucher, subject to applicable FDA requirements.
The HAT program may also serve as a strategic bridge toward Autism Spectrum Disorder (ASD) as a potential follow-on indication.
Stage

Suramin IV for HAT is currently in Phase 3 development.
A Phase 2 study on ASD has been completed.

Indication

Suramin IV is being developed for the treatment of Trypanosoma brucei rhodesiense, the acute and rapidly progressing form of Human African Trypanosomiasis.
HAT is a neglected tropical disease, and this specific disease is included on the FDA list of tropical diseases for which a Priority Review Voucher (PRV) may be granted.
Following HAT, ASD could be pursued as an additional indication.

Benefit

Suramin IV is a standardized intravenous formulation of the long-established standard of care for rhodesiense HAT. Although suramin has been used globally for decades and is recognized by the WHO and CDC, it has never been FDA-approved for any indication in the U.S. By formalizing the regulatory path for this life-saving therapy, the program aims to become the first FDA-approved suramin product in the U.S. while also creating a PRV opportunity.

IP Rights/Exclusivity

FDA Orphan Drug Designation.
HAT indication.

Alenura™(Repurposing)
Urology: IC / Painful Bladder Syndrome
WW
IC/BPS is a chronic and debilitating bladder pain condition marked by recurring discomfort, pelvic pain, and acute symptom flares. Alenura™ is a ready-to-use intravesical therapy for adults with IC/BPS acute pain flares, combining alkalinized lidocaine with the potential to provide immediate local pain relief and heparin to help support and protect the bladder lining.
Stage

Currently in Phase 2 clinical development, including a 4-arm study comparing Alenura™ with its individual components and placebo.
The Independent Data Monitoring Committee (IDMC) recommended continuation of the trial following interim analysis.
Additional studies are ongoing to support an End-of-Phase 2 meeting in H2 2026.

Indication

For adults with pain associated with IC/BPS, a condition causing recurring discomfort or pain in the bladder and surrounding pelvic region, believed to result from dysfunction of the inner bladder wall’s glycosaminoglycan layer.

Benefit

A ready-to-use intravesical therapy designed to provide rapid pain relief while also supporting the bladder’s protective lining, with the potential to deliver both immediate and sustained symptom control during acute IC/BPS flares.

IP Rights/Exclusivity

Multiple patents and patent applications (max expiry 2038).

Core Drivers

Catalyst products building a strong recurring revenue base in the near term
Product
Formulation/Manufacturing
Clinical Development
Target Market
Commercial product
Maxigesic® IV(Reformulation)
Non-opioid analgesic: Post-operative pain
WW
Maxigesic® IV is a differentiated proprietary intravenous fixed-dose combination of 1,000 mg of paracetamol and 300 mg of ibuprofen, developed to provide effective, opioid-sparing treatment for acute pain in hospital settings. By combining two well-established analgesics in a single IV formulation, it is positioned to address an important unmet need in postoperative pain management within a large global market. The product is partnered worldwide with AFT Pharmaceuticals (excluding Australia and New Zealand).
Stage

Licensed in more than 100 countries, approved in over 50 countries, and marketed in more than 30 countries.In the U.S., the product is commercialized by Hikma under the registered trade name Combogesic® IV.

Indication

U.S.: Short-term treatment of mild to moderate pain, or moderate to severe pain as an adjunct to opioids, as well as fever, when intravenous administration is clinically justified.
EU: Short-term symptomatic treatment of acute moderate pain and reduction of fever when intravenous administration is clinically necessary or when other routes of administration are not suitable.

Benefit

Faster, superior pain relief compared to either drug alone, offering an effective non-opioid alternative to reduce opioid use in hospital post-operative pain management.

IP Rights/Exclusivity

Range of patents covering formulations, uses, and methods of manufacturing, including an aqueous paracetamol and ibuprofen IV formulation
(U.S. expiry: July 2035 – Aug 2036) and an improved manufacturing method for paracetamol-based aqueous solutions (U.S. expiry: June 2039).

Commercial product
Sotalol IV(Reformulation)
Cardiovascular: Atrial fibrillation
U.S.
Sotalol IV is an intravenous formulation of an established antiarrhythmic developed to enable the safe and efficient initiation of sotalol therapy in patients with atrial fibrillation or ventricular arrhythmias.
Stage

FDA-approved and commercialized in the U.S. by AltaThera.

Indication

Sotalol IV is indicated for the treatment of documented, life-threatening ventricular arrhythmias, including sustained ventricular tachycardia.
It is also indicated to help maintain normal sinus rhythm by delaying recurrence of atrial fibrillation or atrial flutter in highly symptomatic patients who are already in sinus rhythm.
In addition, it may provide a useful intravenous option for patients who are temporarily unable to take oral sotalol.

Benefit

Sotalol IV is designed to shorten hospital initiation time, reduce overall healthcare resource utilization, and improve treatment efficiency for patients starting sotalol therapy.
IV loading may reduce hospitalization to as little as one day in appropriate patients, while also allowing more controlled management of drug exposure and clinical monitoring.

IP Rights/Exclusivity

Protected by formulation patents, including ready-to-use intravenous composition patents, with protection currently referenced through 2034.

Commercial product
Podofilox Gel(Generic)
Infectious diseases: Ext. genital/perianal warts
U.S.
Podofilox gel is the first generic equivalent to Condylox® gel in the U.S., developed for the treatment of external genital and perianal warts.
The product is a 0.5% podofilox topical gel administered twice daily for 3 consecutive days, followed by a 4-day treatment break, for up to 4 weeks.
Stage

FDA approved, commercially available in the U.S.; launched by Padagis in December 2023.

Indication

For adult patients, for the topical treatment of external genital and perianal warts caused by certain types of human papillomavirus (HPV).

Benefit

Provides an effective and convenient topical, non-invasive treatment option for external genital and perianal warts, offering patients a well-established alternative to more invasive procedures.

IP Rights/Exclusivity

Granted patent in Belgium covering an improved manufacturing process.

Commercial product
Tranexamic Acid RTU(Generic)
Bleeding
WW
Ready-to-use intravenous formulation of tranexamic acid designed to simplify current practice by reducing or eliminating the need for reconstitution and dilution prior to administration. Unlike concentrated products that usually require preparation by qualified medical professionals, the RTU formulation enables immediate administration. This provides a convenient and practical option for use in surgical procedures and other clinical settings where reduced preparation time, lower handling complexity, and improved workflow efficiency are important advantages.
Stage

In June 2025, Hyloris’ exclusive U.S. partner received FDA approval of its Abbreviated New Drug Application (ANDA) for an intravenous, ready-to-use (RTU) formulation of tranexamic acid, supplied as 10 mg/mL in 100 mL vials. The U.S. launch is planned for the first half of 2026. In Europe, the product is being developed under a value-added medicine approach, reflecting its meaningful practical and clinical advantages versus concentrated reference medicinal products, and is under registration in several countries.

Indication

In patients with hemophilia, for short term use to reduce or prevent hemorrhage and reduce the need for replacement therapy during and following tooth extraction.
In practice it is mostly used for prevention and treatment of excessive bleeding.

Benefit

A ready-to-use intravenous formulation that eliminates the need for reconstitution, offering a convenient, time-saving alternative that may streamline treatment and improve patient outcomes.

IP Rights/Exclusivity

Granted U.S. (expiry 2 Dec 2039) and BE (expiry 17 June 2039) patents; Ready-to-Use Tranexamic Acid intravenous solution.

TXA Oromucosal Solution (XTRAZA®)(Repurposing)
Dentistry: Bleeding
WW
Proprietary, locally acting tranexamic acid oral rinse designed for dental procedures in patients taking anticoagulants (blood thinners), providing a standardized, non-systemic solution to help control local bleeding immediately following dental surgery.
Stage

A randomized, double-blind, multicenter, placebo-controlled Phase 3 trial is ongoing to evaluate the efficacy, safety, and tolerability of tranexamic acid oral rinse in preventing oral bleeding in anticoagulated patients undergoing tooth extraction. Approximately 280 patients across Europe and the U.S. are planned for enrollment, with results expected in 2026. Subject to positive outcomes, an FDA submission could follow shortly thereafter.

Indication

Prevention and treatment of excessive bleeding in patients on anticoagulant therapy undergoing dental procedures.

Benefit

Convenient oral rinse that helps control bleeding in patients taking blood thinners, offering a practical, localized alternative to systemic treatment approaches and supporting easier use in dental practice.

IP Rights/Exclusivity

U.S. patents granted and pending; current expected expiry in 2039.

Metolazone IV(Reformulation)
Cardiovascular: Congestive Heart Failure
WW
Metolazone IV is being developed as the first injectable formulation of metolazone, designed for hospital use in patients with acute decompensated heart failure
and severe fluid overload. It is designed to enable immediate drug delivery and more predictable dosing when oral absorption is impaired or oral administration is not feasible.
Stage

Registration batches have been initiated, and clinical completion is anticipated in 2026.

Indication

For the treatment of salt and water retention, including oedema associated with congestive heart failure and renal disorders such as nephrotic syndrome or reduced kidney function.

Benefit

The IV formulation is expected to provide faster onset of action, enable concomitant administration with IV furosemide (the first-line standard of care), and improve treatment reliability in patients with gastrointestinal oedema, nausea, or inability to take oral medication.
It may also support better in-hospital dosing control in acutely ill patients.

IP Rights/Exclusivity

Patents and pending patent applications in the U.S. and selected countries, including protection for a lyophilized metolazone formulation for parenteral administration;
Expiry 2044, subject to grant and jurisdiction.

Valacyclovir Oral Suspension(Reformulation)
Infectious diseases: Viral infection
U.S., major European markets, Canada, Mexico, Australia, China, South Korea and the GCC countries
Valacyclovir powder for suspension is a differentiated formulation of a well-established antiviral designed for patients who have difficulty swallowing tablets. 
It aims to improve access, dosing accuracy, and adherence across pediatric, geriatric, and immunocompromised populations through a more practical oral presentation.
Stage

Hyloris has submitted an NDA to the U.S. FDA.  A Complete Response Letter was received following manufacturing-site observations identified during an FDA inspection at the CDMO responsible for the product. No product-specific deficiencies were raised. Hyloris is evaluating next steps with the current CDMO, which is addressing the FDA observations, as well as alternative manufacturing solutions; this may shift launch timing into 2027.

Indication

Valacyclovir is indicated for herpes virus infections. Adult patients label uses include cold sores, initial and recurrent genital herpes, suppressive therapy and reduction of transmission of genital herpes, and shingles. 
Pediatric patient label uses include cold sores and chickenpox.

Benefit

Currently, valacyclovir is available in oral solid form. This oral liquid formulation is designed to support treatment of infections such as shingles and chickenpox, particularly in patients who cannot easily swallow solid dosage forms. With taste-masking technology and room-temperature stability, it offers a more patient-friendly alternative to tablets and extemporaneously compounded suspensions, with the potential to improve convenience, dosing precision, and adherence.

IP Rights/Exclusivity

Proprietary formulation protected by U.S. patents with expiries in 2035 and 2036, and pending patent applications in key markets with expiry expected in 2045.

Atomoxetine Oral Liquid(Reformulation)
Mental- and behaviour: ADHD
WW
Atomoxetine Oral Liquid is a reformulated, easy-to-dose version of the established atomoxetine capsule therapy for ADHD, designed for patients who struggle to swallow capsules. In addition, it enables precise weight-based and flexible dosing and improved palatability, addressing important compliance, acceptability and other administration challenges in pediatric patients or other patient subpopulations with issues swallowing oral solid capsules.
Stage

Following successful completion of the U.S. clinical trial in summer 2025, the NDA was filed with the U.S. FDA in early 2026 by Hyloris' commercial partner Rosemont Pharmaceuticals. In addition, patient participation in a supporting clinical trial for Europe was completed in Q1 2026 and may support future filings in additional territories once results become available.

Indication

Primarily indicated for the treatment of ADHD, especially in patients who benefit from flexible dose titration and an oral liquid presentation.

Benefit

This taste-masked oral liquid enables precise weight-based dosing and easier titration, supporting adherence and tolerability, particularly in children and adolescents who may not reliably take capsule formulations.

IP Rights/Exclusivity

Multiple patents and pending applications provide potential protection through 2044, including claims covering the oral liquid formulation.

Ondansetron ER(Reformulation)
Nausea: Nausea & vomiting (Chemotherapy)
WW ex. U.S. MX and CA
Ondansetron ER is a once-daily extended-release oral formulation of ondansetron designed to combine rapid onset with sustained 24-hour antiemetic control. By integrating immediate-release and extended-release components in a single oral formulation, it is intended to provide more consistent symptom control during chemotherapy, radiotherapy, and post-operative recovery.
Stage

Late-stage development.

Indication

For the relief of nausea and vomiting associated with chemotherapy (CINV), radiotherapy (RINV), and post-operative recovery.

Benefit

The formulation combines immediate-release and extended-release delivery to support both rapid symptom control and prolonged antiemetic coverage, with the potential to improve convenience, adherence, and overall treatment experience.

IP Rights/Exclusivity

Confidential.

Dofetilide IV(Reformulation)
Cardiovascular: Atrial Fibrillation
U.S.
Dofetilide IV is a differentiated intravenous formulation of Dofetilide developed to provide a faster, more controllable alternative to the currently available oral-only route. It is intended to support the restoration and maintenance of normal heart rhythm in patients with atrial fibrillation and atrial flutter, while improving the practicality of treatment initiation in the hospital setting.
Stage

The pivotal clinical trial has been completed successfully, and U.S. regulatory submission is expected in Q2 2026.
A meeting with the FDA held in February 2026 confirmed the proposed regulatory strategy.

Indication

Dofetilide IV is intended for the same core indications as oral dofetilide, with added utility for: IV loading to achieve therapeutic concentrations more efficiently, potentially reducing hospital stay associated with initiation, re-titration or re-initiation of therapy, facilitating IV-to-oral transition.

Benefit

Initiation of oral dofetilide currently requires three or more days of in-hospital monitoring. Dofetilide IV has the potential to reduce this to one day, lowering resource utilization and improving treatment efficiency. Intravenous administration may also allow more controlled management of exposure and safety, including immediate interruption of dosing if QTc prolongation or other adverse effects occur.

IP Rights/Exclusivity

Granted patents with expiry dates between 2039 and 2043, with additional pending applications, including protection relating to one-day loading approaches,
aqueous IV dofetilide compositions, and additional uses supporting the dosing and treatment advantages of the IV formulation.

Phosphate Oral Liquid(Reformulation)
Electrolyte and mineral disorders: Hypo Phosphatemia
WW
HY-088 is a proprietary oral liquid phosphate product designed to improve the treatment of hypophosphatemia through a standardized ready-to-use formulation. Its liquid presentation is intended to support easier administration, more consistent dosing, and better patient usability than compounded or non-standard alternatives.
Stage

Registration batches have been successfully completed, and the first European regulatory filing is planned for late H1 2026.

Indication

For the treatment of hypophosphatemia, a condition characterized by abnormally low phosphate levels in the blood.
Hypophosphatemia may arise in a range of clinical settings, including congenital disorders, malabsorption, or treatment-related causes.

Benefit

HY-088 is designed to provide accurate, consistent phosphate dosing in a convenient oral liquid format, offering a safer and easier-to-administer alternative to compounded or less standardized treatments, with the potential to improve both patient compliance and treatment reliability.

IP Rights/Exclusivity

Pending patent applications in selected countries, with expiry expected in 2045 and 2046.

Pantoprazole IV RTU(Reformulation)
GI: GERD and EE
WW
It’s a differentiated, ready-to-use IV pantoprazole product designed to replace current lyophilized formulations that require reconstitution and often dilution before administration. The directly injectable formulation is intended to reduce preparation burden and workload, while improving speed, convenience, and consistency of hospital administration.
Stage

Currently in reformulation development, with manufacturing batches and supporting clinical activities in preparation.
Hyloris is targeting to launch as of 2028.

Indication

For the intravenous treatment of acid-related disorders where IV administration is clinically appropriate including gastroesophageal reflux disease (GERD) in patients with a history of erosive esophagitis and pathological hypersecretory conditions such as Zollinger-Ellison syndrome.

Benefit

The ready-to-use IV formulation is designed to reduce preparation steps, shorten administration time, and minimize handling complexity versus lyophilized products, with the potential to improve efficiency, reduce error risk and generate cost savings for healthcare providers.

IP Rights/Exclusivity

Pending U.S. and international patent applications covering liquid, storage-stable, directly injectable pantoprazole formulations, their uses and manufacturing methods.
Expected expiry: 2045.

HY-074(Reformulation)
Cardiovascular: Acute Coronary Syndrome
WW
HY-074 is a novel intravenous formulation of a widely used oral antiplatelet therapy, developed for use in acute coronary syndrome (ACS). It is intended to provide a practical IV alternative in emergency settings where rapid treatment initiation is important and oral administration may be less suitable.
Stage

Registration batches have been produced by the selected CMO, and a pivotal clinical trial is planned for 2026.
Additional potential indications outside the cardiovascular field are also being explored.

Indication

For use in the management of reinfarction risk in acute coronary syndrome and related emergency cardiovascular settings, including situations where rapid antiplatelet treatment is needed and oral administration may not be optimal.

Benefit

HY-074 is designed to provide faster onset of antiplatelet activity, greater dosing control, and more practical administration in acute care settings, particularly for patients who are nauseous, unconscious, or otherwise unable to take oral medication.

IP Rights/Exclusivity

Patent applications filed, with maximum expected expiry in 2043–2044.

Aspirin IV(Reformulation)
Cardiovascular: Acute Coronary Syndrome
WW
Aspirin IV is an intravenous formulation of acetylsalicylic acid designed to provide rapid and reliable antiplatelet activity in acute coronary syndrome (ACS), where early platelet inhibition is clinically important.
Stage

Late-stage development, with the pivotal study completed successfully. No serious adverse events were reported, and IV aspirin delivered an equivalent pharmacological response with a faster onset of action than oral aspirin. A meeting with the U.S. FDA confirmed alignment on the proposed regulatory pathway and resolved the remaining key items ahead of the planned submission in 2026.

Indication

For adults, to decrease the risk of morbidity and mortality associated with emergency cardiac events, including acute myocardial infarction (AMI) and ischemic stroke.

Benefit

Aspirin™ is a cornerstone of long-term thrombosis management. In acute settings such as ACS, the IV route delivers immediate antiplatelet effect with faster onset than oral aspirin, and eliminates the intrasubject and inter-subject variability of oral administration that has been consistently documented in the literature.

IP Rights/Exclusivity

Multiple U.S. patents on aspirin compositions; expiry 2038-2039. Patents and pending patent applications in selected countries.

Fusidic Acid(Generic)
Infectious diseases
Canada
Generic equivalent to Fucidin® cream, a topical antibiotic cream containing 2% fusidic acid (20 mg/g), used for the treatment of bacterial skin infections, including primary and secondary infections. Typically applied to the affected area 3 to 4 times daily for 7 to 14 days.
Stage

Regulatory submission in Canada expected in 2026.

Indication

Treatment of bacterial skin infections such as impetigo, erythrasma, and infected skin cuts and burns.

Benefit

High-barrier generic formulation intended to provide a reliable topical alternative to the reference product, while meeting the quality, stability, and performance requirements for regulatory approval in Canada.

IP Rights/Exclusivity

No specific IP or regulatory exclusivity currently assumed.

Promising Seeds

Early-stage products pending clinical validation
Product
Formulation/Manufacturing
Clinical Development
Target Market
HY-083(NCE)
Respiratory: Idiopathic Rhinitis
WW
Potential first-in-class proprietary intranasal spray based on a TRPV1 agonist mechanism, designed to address the underlying sensory nerve dysregulation associated with idiopathic rhinitis. The product aims to provide sustained symptom relief by modulating overactive nasal sensory pathways that may contribute to persistent congestion, rhinorrhea, and sneezing. Existing symptomatic treatments provide limited or incomplete relief in this patient population.
Stage

The program has progressed to the selection of promising new chemical entity (NCE) candidates.
Multiple compounds have been synthesized, several of which have demonstrated strong potency in specialized laboratory assays.

Indication

Idiopathic rhinitis is a form of chronic rhinitis without a clearly identifiable allergic, infectious, or other causal trigger. It is associated with overactivity of nasal sensory pathways, including TRPV1-mediated mechanisms in the nasal mucosa, which may contribute to symptoms such as nasal obstruction, rhinorrhea, and sneezing.

Benefit

Potential first-in-class proprietary therapy targeting TRPV1 receptors in the nasal mucosa, with the aim of improving nasal function and reducing key symptoms of idiopathic rhinitis, including congestion, rhinorrhea, and sneezing.

IP Rights/Exclusivity

Confidential. Hyloris is pursuing a dual-track development strategy involving new chemical entity candidates, which could support NCE-based patent protection if successful.

HY-095(Reformulation)
GI: Equine Gastric Ulcer Syndrome
WW
Novel long-acting injectable (LAI) proton pump inhibitor (PPI) designed to provide a more reliable and weight-adjusted alternative to daily oral paste therapy for horses with Equine Gastric Ulcer Syndrome (EGUS). The product aims to reduce absorption variability, improve treatment adherence, and offer a differentiated profile versus the current standard of care.
Stage

Initial prototype testing in horses was completed in 2025. Further prototype testing is planned for 2026 to build on these early findings and support continued evaluation and advancement of the program.

Indication

Treatment of Equine Gastric Ulcer Syndrome (EGUS).

Benefit

Long-acting, weight-adjusted injectable formulation with the potential to provide reliable and sustained drug delivery, reduce reliance on daily oral dosing, improve adherence, and potentially shorten treatment duration compared with daily oral therapies.

IP Rights/Exclusivity

Confidential.

HY-098(Repurposing)
Rare Diseases: Rare, inherited skin disorder
WW
Topical repurposing program using a well-established active substance in a localized formulation for the treatment of a rare inherited inflammatory skin disorder. The product is designed to improve local efficacy and tolerability while limiting systemic exposure.
Stage

An exploratory clinical trial may start in 2026 to evaluate initial safety and efficacy.
The active substance has been used systemically for many years in an unrelated indication and has an established safety profile, supporting a more de-risked development approach.

Indication

For the treatment of a rare inherited inflammatory skin disorder characterized by recurrent flare-ups, painful skin lesions, and chronic inflammation.

Benefit

Localized delivery directly to affected skin areas may provide a more effective and better-tolerated treatment approach, with the potential to improve symptom control while reducing systemic exposure.

IP Rights/Exclusivity

U.S. patent application covering the method of treatment and topical composition, with expected expiry in 2044.

Potential to qualify for Orphan Drug Designation.

HY-089(Repurposing)
Burning Mouth Syndrome
WW
Repurposed and reformulated locally acting product designed as a novel, locally acting long-term treatment for Burning Mouth Syndrome (BMS). It is intended to deliver a proven active ingredient directly to the affected oral tissue, offering a targeted alternative to systemic therapies.
Stage

Two promising pre-prototypes are advancing in development.
The objective is to finalize a differentiated formulation that is eligible for patent protection and can progress into clinical validation.

Indication

Treatment of Burning Mouth Syndrome (BMS).
BMS is a chronic condition characterized by persistent burning sensations in the mouth without an identifiable cause. 
It most commonly affects the tongue, lips, gums, or the entire oral cavity and may be associated with dryness, altered taste, or a metallic sensation.

Benefit

This novel, locally acting oral formulation is designed to provide targeted symptom relief and address a significant unmet need in a condition for which
no approved treatments currently exist.

IP Rights/Exclusivity

Confidential.

HY-091(Repurposing)
Gynecology: Vulvar Lichen Sclerosus
WW
Repurposed, user-friendly formulation in early development for Vulvar Lichen Sclerosus (VLS). The product is designed to enhance convenience, adherence, and local treatment effectiveness by addressing key limitations of current VLS treatment approaches.
Stage

Multiple formulation strategies have been explored and evaluated, both in-house and with external technology partners, to identify a differentiated product profile for further development.

Indication

For the treatment of Vulvar Lichen Sclerosus (VLS) in adults.
VLS is a chronic inflammatory skin disease that predominantly affects the vulva and perianal regions in women, most commonly postmenopausal.

Benefit

User-friendly formulation intended to reduce inflammation, relieve itching, and help prevent progression of skin changes, providing long-term symptom control for women with VLS.

IP Rights/Exclusivity

Confidential.

HY-086 (PTX-252)(NCE)
Oncology: AML
WW
Differentiated NCE adjunctive therapy designed to enhance standard chemotherapy by modulating the tumor microenvironment. Its chelating mechanism targets toxic metal levels associated with poor outcomes in Acute Myeloid Leukemia (AML) with additional potential in small cell lung cancer (SCLC).
Stage

Selected compound in early clinical development, with formulation work completed and Phase 1 preparations underway.
The program has received FDA Orphan Drug Designation in AML.

Indication

Adjunctive therapy to standard-of-care chemotherapy in acute myeloid leukemia (AML), with additional potential in small cell lung cancer (SCLC).
AML is an aggressive hematologic malignancy, while SCLC is a fast-growing neuroendocrine lung cancer; both are associated with high unmet need.

Benefit

Potential to improve chemotherapy effectiveness and clinical outcomes by modifying the tumor microenvironment in a way that may enhance response to treatment.

IP Rights/Exclusivity

Patents and pending patent applications.

FDA Orphan Drug Designation in AML.

HY-106 Methanobactin(NCE)
Rare Diseases: Wilson’s disease
Europe and Turkey
Novel copper-selective chelator based on methanobactin, designed to address key limitations of current Wilson’s disease treatments. The candidate demonstrates high copper affinity and a favorable non-clinical safety profile, with low expected toxicity and limited expected tissue accumulation.
Stage

First-in-human study planned for 2026 in healthy volunteers.

Indication

Treatment of Wilson’s disease, a rare inherited metabolic disorder characterized by toxic copper accumulation in the body.
Potential future label expansion may include cholestatic liver fibrosis and iron overload.

Benefit

Highly copper-selective injectable therapy with the potential for intermittent dosing, possibly weeks apart, rather than daily treatment, based on non-clinical data.

IP Rights/Exclusivity

Patent application on innovative use.

Potential eligibility for Orphan Drug Designation.

HY-075(Reformulation)
Cardiovascular: Coronary Heart Disease
U.S.
Novel oral liquid formulation of an undisclosed molecule designed to provide more precise, flexible dosing and easier administration.
Stage

Currently development is on hold, pending partnering discussions.

Indication

For chronic anticoagulation, including prevention and treatment of venous thromboembolism, stroke prevention in atrial fibrillation, post-myocardial infarction support, and lifelong anticoagulation in patients with mechanical or bioprosthetic heart valves, including LVAD/RVAD support.

Benefit

Flexible oral solution designed to support more precise dose titration in patients requiring careful anticoagulation management, with the potential to improve TTR and clinical outcomes. May also provide an important alternative for elderly patients or patients with swallowing difficulties.

IP Rights/Exclusivity

Patent applications filed.