Director of Pharmacy Strategy
3 days ago
CVS Health is seeking a highly skilled Pharmaceutical Business Development Lead to join our team. As a key member of our leadership team, you will be responsible for developing and advancing our trade business strategy, leveraging our size and scale to create new opportunities for long-term growth across the pharmacy landscape.
Key Responsibilities- Advance existing trade partnerships by ensuring alignment with Enterprise Strategy and CVS Health initiatives to enhance profitability, increase access, and reduce cost of goods.
- Identify and support the evaluation of new potential partnerships, including analysis of drug therapy, market dynamics, financial impact, profitability, and operational execution.
- Lead development of new-to-market strategies for drug products across various therapeutic categories, specialty and traditional.
- Tie key relationships between distribution channels, GPO sourcing, pharmaceutical contracting, and the payer landscape.
- Guide analysis in unique therapeutic categories and business segments for new white space opportunities.
- Stay abreast of industry policies, market intelligence, and key regulatory events to identify drivers for future success.
- Analysis of formularies, rebates, drug economics, clinical significance, and market baskets to create strategic ideas and optimize existing business.
- Communicate efficiently and effectively to translate novel strategies to audiences, including senior leadership.
- Support contract and term creation for new ventures and business models.
- 8+ years of experience in pharmacy, pharmaceutical contracting and sourcing, pharmacy distribution, or the pharmaceutical industry required.
- Comprehensive knowledge of pharmaceutical industry dynamics at the intersection of regulatory, payers, and health care supply chain.
- Demonstrated track record of contracting strategies and negotiations, financial arrangement partnership models, and pharmacy regulations and policies.
- Proven ability to solve complex issues and manage multifaceted business relationships.
- Adept at building consensus with stakeholders with regards to strategy/direction, execution and delivery.
- Strong mastery of problem solving, teamwork, and collaboration.
- Self-starter and highly motivated with a growth mindset.
- Masters or Advanced degree preferred.
- Pharmacist or PharmD preferred.
- Strategy consulting experience from a top tier firm.
CVS Health offers a comprehensive benefits package, including medical, dental, and vision benefits, as well as a 401(k) retirement savings plan and an Employee Stock Purchase Plan. We are an equal opportunity and affirmative action employer, committed to diversity and inclusion in the workplace.
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