Formation Bio

Formation Bio

Director, Business Development - Search & Evaluation

Boston, MA · Director

Sponsorship not specified$235k-$307kDetected 22 days ago
SparkBusiness DevelopmentClinical TrialsResearchLab ResearchProcurement

About the role

  • About Formation Bio Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
  • The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, John Doerr, Spark Capital, SV Angel Growth, and others.
  • About the Position 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

  • Maximizing activity and ensuring high-quality deal flow in assigned outreach areas, developing a steady stream of opportunities
  • Enthusiastic about networking, relationship building, and externally-facing activities
  • 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
  • This role offers the opportunity to help build the pharma company of the future, combining strategic asset acquisition with tech-enabled development capabilities to bring new treatments to patients faster and more efficiently.
  • Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients.

Requirements

  • The ideal candidate will have a strong scientific background paired with business acumen, ideally with experience in search and evaluation, venture, or business development.

Nice to have

  • 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
  • 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

  • Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience.
  • In addition to base salary, we offer equity, comprehensive benefits, and generous perks.
  • $235,000 - $307,000

Benefits

  • Our Vision for AI in Pharma
  • This role requires someone who can identify assets that would benefit from Formation Bio's tech-enabled development capabilities and build relationships across the biotech and pharmaceutical industries.

Company info

  • Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials.
  • Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials.

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.
  • Equal Opportunity Formation Bio is committed to building a diverse and inclusive team.
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