Aptamers are small nucleic acid molecules that bind target molecules with high affinity and specificity. They are generated through an in vitro selection process called SELEX and have several advantages over antibodies such as low immunogenicity and toxicity. Recent advancements have improved SELEX technology and clinical development of aptamer-based therapeutics is ongoing for cancer, eye diseases, and other applications. However, challenges remain around nuclease degradation, renal filtration, controlling duration of action, and potential toxicity that must be addressed for aptamers to reach their full potential as targeted therapeutics.