Peptidream Inc. announced a new multi-target collaboration and license agreement with Merck & Co. Inc., known as MSD outside the U.S. and Canada, as well as research collaboration and license agreement with Eli Lilly & Co (Lilly). Both agreements are focused on the discovery and development of novel peptide drug conjugates (PDCs). Under the agreement with MSD, Peptidream will provide peptide candidates identified from its proprietary Peptide Discovery Platform System (PDPS) technology for use as PDCs against targets of interest to MSD.