Merck Signs Strategic Alliance With Archemix

13-Jun-2007

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Merck KGaA announced that it has formed a multi-year strategic alliance between its Merck Serono division and Archemix Corp. of Cambridge, Massachusetts, to discover, develop and commercialize first-in-class aptamer therapeutics with a primary focus on the treatment of cancer. Additional areas of the collaboration include autoimmune and inflammatory disorders. The alliance combines Archemix' proprietary SELEX® technology to discover and generate aptamer candidates with Merck Serono's drug development and commercialization capabilities. In addition, Merck Serono is granted a license to use Archemix' SELEX® technology for internal target validation.

The collaboration gives Merck Serono the option to obtain product licenses to certain of Archemix's lead-stage aptamer programs and the right to select and develop aptamers against six targets in oncology and other indications. Archemix has the option to exercise a co-development and co-promote option on any of the products being developed on a 50:50 cost and profit-sharing basis in the United States. This is the second research agreement this year between the two companies.

Additionally, Merck will make a $29.8 million equity investment in Archemix. Merck also retains an option, under certain circumstances, to acquire additional Archemix common stock upon an initial public offering. Other financial terms were not disclosed.

https://www.chemeurope.com/en/news/65386/merck-signs-strategic-alliance-with-archemix.html