Director, Business Development - Search & Evaluation
BioSpace, Boston, MA, United States
Director of Business Development, Strategic Sourcing
The Director of Business Development, Strategic Sourcing, will play a key role in identifying, evaluating, and managing early-stage assets and opportunities for Formation Bio's business development pipeline.
Responsibilities
Leading deal-by-deal opportunity/asset teams from asset identification to transaction close
Collaborating with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals
Owning and managing one or more designated business development outreach areas (e.g., big pharma, biotech companies, designated therapeutics areas)
Maximizing activity and ensuring high-quality deal flow in assigned outreach areas, developing a steady stream of opportunities
Conducting initial triage of opportunities, evaluating potential deals before engaging the broader diligence team to ensure strategic fit
Working cross-functionally with R&D, tech platform, and commercial teams to ensure smooth handoffs and successful transitions in the diligence process
About You
PhD in biological science or MD with laboratory research experience strongly preferred
3-7 years of post-degree experience, with a combination of scientific and business expertise
Prior experience of biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable
Strong network within the biotech and pharmaceutical industries, with the ability to leverage contacts for sourcing early-stage assets; enthusiastic about networking, relationship building, and externally-facing activities
An outgoing, motivated, and creative approach to business development
Curiosity and insight around the role of AI in drug development, clinical trials, and business development
Compensation Total Compensation Range:
$228,000 - $310,000
In addition to base salary, we offer equity, comprehensive benefits, and generous perks.
Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 1-3 days per week in office. Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered. Please apply only if you reside in these locations or are willing to relocate.
Equal Opportunity Formation Bio is committed to building a diverse and inclusive team. We are an equal opportunity employer and welcome candidates from all backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.
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Responsibilities
Leading deal-by-deal opportunity/asset teams from asset identification to transaction close
Collaborating with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals
Owning and managing one or more designated business development outreach areas (e.g., big pharma, biotech companies, designated therapeutics areas)
Maximizing activity and ensuring high-quality deal flow in assigned outreach areas, developing a steady stream of opportunities
Conducting initial triage of opportunities, evaluating potential deals before engaging the broader diligence team to ensure strategic fit
Working cross-functionally with R&D, tech platform, and commercial teams to ensure smooth handoffs and successful transitions in the diligence process
About You
PhD in biological science or MD with laboratory research experience strongly preferred
3-7 years of post-degree experience, with a combination of scientific and business expertise
Prior experience of biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable
Strong network within the biotech and pharmaceutical industries, with the ability to leverage contacts for sourcing early-stage assets; enthusiastic about networking, relationship building, and externally-facing activities
An outgoing, motivated, and creative approach to business development
Curiosity and insight around the role of AI in drug development, clinical trials, and business development
Compensation Total Compensation Range:
$228,000 - $310,000
In addition to base salary, we offer equity, comprehensive benefits, and generous perks.
Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 1-3 days per week in office. Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered. Please apply only if you reside in these locations or are willing to relocate.
Equal Opportunity Formation Bio is committed to building a diverse and inclusive team. We are an equal opportunity employer and welcome candidates from all backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.
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