Article: Archemix Signs Aptamer Deal With Elan For Up To $350M.

Staff Writer

In one of its largest deals to date, Archemix Corp. partnered with Irish firm Elan Corp. plc to develop up to three aptamer-based drugs against autoimmune inflammatory disease and could earn more than $350 million in potential milestones.

The companies will work together over the course of three years, with Archemix providing its aptamer technology and Dublin-based Elan contributing its development and regulatory expertise in the autoimmune space. Elan will make an up-front payment of $7 million and handle development and commercialization, with milestone payments and royalties going to Archemix. The deal also includes a co-development ...

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