A new species of mesopsammic polyclad, Theama mediterranea sp. nov., from lower intertidal habitats of the Mediterranean Sea, is described. The species differs from congeneres found in the tropical Pacific and the Atlantic coast of South America, in terms of size, structure of the male copulatory organ and number of eyes. T. mediterranea sp. nov. has a short pelagic juvenile phase, while adults are strictly interstitial; the life cycle is annual. Based on observation of the type material of Theama evelinae Marcus, 1949, the genus Eutheama Faubel, 1983 is synonymized with Theama Marcus, 1949.