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Director Strategic Pricing
3 months ago
Role Overview:
The Director of Strategic Pricing is responsible for pricing valuation during the early and late stages of medicine development, accountable for developing launch pricing strategies, and optimizing the launch sequence for pipeline and peri-launch assets. This role will focus on ensuring optimal pricing strategies for the assigned products. The position requires deep expertise in broad pricing strategies, reimbursement landscape, payer segments, and pricing regulations in both the US and key international markets. This role reports directly to the Senior Director, Pricing Center of Excellence.
Key Responsibilities:
Pricing Strategy: Conduct payer and pricing research in the US and key international markets to inform strategic pricing decisions for assigned pipeline and peri-launch assets. Ensure pricing strategies represent the value of our products and support their development and innovation.
Asset Value Maximization: Develop and execute global pricing strategies which maximize the asset total life cycle value, while being responsible for patient access and public health.
Market Access Plan: Provide strategic pricing input for payer value propositions and integrated access strategies. Develop and execute pricing strategy as part of the integrated Market Access Plan (MAP).
Collaborate with Cross-functional Teams: Work closely with Product Access Strategy, other Market Access function Center of Excellence (COE) and other partner functions to integrate pricing considerations into the brand Market Access strategy and ensure effective execution.
Business Development: Conduct pricing valuation and provide pricing recommendations for business development & licensing (BD&L) assets.
International reference pricing: Create and manage launch pricing strategies and global launch sequencing to optimize International Reference Pricing (IRP).
Innovative pricing models: Develop differentiated pricing guidelines including Innovative pricing models (IPM), where applicable. Utilize advanced modeling tools and scenario analysis to inform pricing decisions.
Lifecycle Management: Support the ongoing development of lifecycle optimization of pricing strategies to maintain and enhance P&R throughout the product lifecycle.
Market Insights for Planning: Provide pricing insights to support forecasting and long-range planning, including analysis of key pricing regulation changes and risk assessments.
Qualifications:
Experience: At least 10 years of experience in market access and pricing, with significant exposure to healthcare systems in both the US and key international markets.
Track Record: Demonstrated success in securing and optimizing pricing, reimbursement, and patient access in both the US and key international markets.
Knowledge: Extensive understanding of pricing regulations, payer landscapes, and market access dynamics in both the US and key international markets.
Collaboration: Proven ability to work effectively in cross-functional teams, with strong communication and influencing skills.
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