Director, Business Development
1 day ago
This Director will be in our Business Development team where this department leads activities related to strategic partnerships and corporate strategy. This position is primarily responsible for supporting senior management decision making and leading related activities such as screening products, companies, and therapeutic areas to support development, licensing and/or M&A activities, coordinating due diligence, product/market financial modeling, developing and coordinating market research, preparing in-and out-licensing packages, negotiation lead and support, contract review, supporting and elucidating corporate strategy, and internal cross functional communication. Strong analytical, communication, project management and project leadership skills, as well as an enterprise mindset and the ability to execute plans/projects on rigid timetables are essential. A broad business understanding of the pharmaceutical/biotech industry and the ability to coordinate cross-functionally is required.
A thorough understanding of financial evaluation techniques (especially forecasting, pro-forma product P&L modeling, cost analysis and probability adjusted NPV's) is important. Experience with qualitative and quantitative market research techniques is preferred. This role will be located in our Waltham, MA location.
Responsibilities
Basic Qualifications, Minimum Education & Experience Requirements:
* Masters of Business Administration or graduate degree in life sciences required.
* Minimum 7 years of experience working for a pharmaceutical/biotech company in business development, licensing, or strategic analysis capacities and/or experience working for a consulting firm or investment bank focused on the pharmaceutical/biotech markets with additional pharmaceutical/biotech industry experience.
Preferred Qualifications, Knowledge/Skills Needed:
Critical to this position is the experience in performing in-depth analyses of products, therapeutic areas and companies to support development, licensing, and M&A activities. The ability to make professional and credible first impressions with internal and external customers and write/present clear, succinct and convincing presentations at varying levels of detail depending on the project scope and audience is important to this position.
* Mathematical Skills: Ability to perform complex financial calculations such as product forecasting, pro-forma product P&L modeling (including sensitivity analyses), probability adjusted net present value, internal rate of return, etc.
* Reasoning Ability: Ability to apply principles of logic or scientific thinking to a wide range of complex intellectual and practical problems. Ability to understand scientific concepts and to analyze unrelated and sometimes incomplete data to make significant judgments about external and internal business issues and concepts.
* Therapeutic Area Expertise: Ability to identify new product opportunities and thoroughly evaluate and communicate the scientific and business rationale.
Qualifications
Other Skills and Abilities:
* Experience using databases such as IQVIA, Syneos Health Research and Insights, AdisInsight, etc. is strongly preferred.
Personal Attributes Needed:
* The ability to influence others in a tactful and well thought-out manner with supporting information and logic.
* Comfort interacting with the highest levels of senior management both within Alkermes and at other organizations.
* Role will work in our Waltham, MA location.
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About Us
Why join Team Alkermes?
Alkermes applies its deep neuroscience expertise to develop medicines designed to help people living with complex and difficult-to-treat psychiatric and neurological disorders. A fully-integrated, global biopharmaceutical company, headquartered in Ireland with U.S. locations in Massachusetts and Ohio, we are committed to pursuing great science, driven by deep compassion to make a real impact in the lives of patients. Alkermes has a portfolio of proprietary commercial products for the treatment of alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder, and a pipeline of clinical and preclinical candidates in development for various neurological disorders, including narcolepsy.
Beyond our important mission of developing medicines to address unmet patient needs, we actively seek to foster a culture of diversity, inclusion and belonging throughout our business. We strive to ensure that all voices are respected and valued, recognizing that our diversity of thought, background and perspective makes us stronger. We are proud to have been recognized as an employer of choice by many national organizations, including being certified as a Great Place to Work in the U.S. in 2024, honored as a Healthiest Employer in both Ohio and Massachusetts in 2023, a Best Place for Working Parents in 2023, and to have received the Bell Seal at the Platinum level for Workplace Mental Health by Mental Health America for three consecutive years (2021-2023).
Alkermes, Inc. is an equal employment opportunity employer and does not discriminate against any qualified applicant or employee because of race, creed, color, age, national origin, ancestry, religion, gender, sexual orientation, gender expression and identity, disability, genetic information, veteran status, military status, application for military service or any other characteristic protected by local, state or federal law. Alkermes also complies with all work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Alkermes is an E-Verify employer.
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