Director Business Development
5 days ago
Director Business Development - Generics Location: Parsippany, United States, New Jersey, 07054 Job Id: 59149 Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. The opportunity As the Director of Business Development you will be responsible for supporting the generics and biosimilars businesses of Teva globally, with focus on Teva's US business, through pursuing and execution of generic and biosimilar pharmaceutical products’ licensing-in and co-development projects, to complement Teva's broad product portfolio, and other business development activities. Your role will also include pursuing and executing projects aimed at optimizing Teva’s portfolio, also through product acquisitions, divestments, and co-marketing. The position includes identifying and evaluating products' licensing and other business development opportunities, identifying and building relationships with potentially strategic partners for implementing business development projects, leading due diligence and negotiations procedures and coordinating such activities with relevant functions within Teva to deal finalization. You will contribute to Teva’s growth, primarily in the US market, through expanding Teva’s network of potential business development partners and increasing the number of opportunities brought to assessment of senior management, by initiating discussions with companies you have engaged with in the past and strengthening the relationships with companies Teva currently works with. How you’ll spend your day Manage, coordinate and execute negotiations of licensing and other business development deals, including coordination between relevant functions within Teva, through impactful project leadership. Coordinate and execute due diligence activities to support business development deals. Analyze and evaluate all commercial, legal and technical aspects of business development opportunities, in cooperation with other departments, including: Portfolio, Operations, Legal, R&D, and Finance. Drive strengthening of relationships with key business development partners, through: a) better positioning of Teva as a partner of choice in the industry; b) increased synergies and leverage of Teva’s size in negotiating with 3rd parties; c) superb alignment between Teva’s business units and global functions for effective and efficient deal process; and d) ongoing coordination between partners and internal Teva functions at the project and strategic levels. Your experience and qualifications Bachelor’s degree in Business, Law or Life Sciences is required. Master’s degree or a higher level degree is preferred. Minimum 10 years of experience in pharmaceutical industry, including at least 7 years' experience in US licensing/BD, procurement or alliance management. Excellent negotiation and communication skills and ability to present information in clear concise manner. Strong relationship-building skills, able to influence internal and external stakeholders. This individual will be highly visible at all levels of the organization and must be able to build trust and credibility. Understanding of the requirements for bringing a pharmaceutical product to market, including the principles of product development, registration, and launch preparations. Project management and leadership skills, including ability to lead cross-functional teams, spread across different geographies. Ability to analyze and evaluate commercial offers, product features and risks. Ability to support department goals, track, and report execution progress. Proactive and collaborative, working with key stakeholders internally and externally. Techniques to work effectively under pressure, meet deadlines, and adjust to changing priorities. Interpreting and administering policies and procedures sufficient to administer, discuss, resolve, and explain them to staff and other constituencies. Strong written and communication skills, including presentation skills. Substantive experience in Word, Excel, and PowerPoint. Ability to travel up to 30% of the time when needed. Enjoy a more rewarding choice We offer a competitive benefits package, including: Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls. Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan. Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays. Life and Disability Protection: Company paid Life and Disability insurance. Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible, Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more. Teva’s Equal Employment Opportunity Commitment Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience. #J-18808-Ljbffr
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