CAMBRIDGE, Mass.--(BUSINESS WIRE)--Archemix Corp., a biotechnology company focused on discovering, developing and commercializing aptamer therapeutics, announced today that it has signed an agreement with Eli Lilly and Company (Lilly) regarding aptamer therapeutic R&D evaluation and access to intellectual property. The agreement enables Archemix to license certain intellectual property rights from Lilly and, in return, Lilly has an option to conduct R&D evaluation of aptamers for certain drug targets. Lilly also retains an option to enter into an exclusive license with Archemix for up to two of the aptamer targets.
