Associate Director, Pricing and Economics

3 days ago

Princeton, New Jersey, United States Bristol-Myers Squibb Company Full time
Transforming Patients' Lives through Science

Bristol Myers Squibb is a leading biopharmaceutical company dedicated to transforming patients' lives through science. We are seeking an experienced Associate Director, Pricing and Economics to join our team.

About the Role

The Associate Director, Pricing and Economics will be responsible for driving pricing analytics and strategic insights across the BMS Portfolio. Key responsibilities include:

  • Evolve pricing and economics for brands in response to new indications/clinical data, updated competitive environment, new product launches, or any other developments that impact the brand's pricing.
  • Utilize sophisticated analytics and strong financial acumen to evaluate the impact of pricing scenarios on volume/revenue.
  • Support Brand Budget and LTFP Gross and Net Price projections.
  • Support the development and implementation of US and/or Global pricing strategies for one or more key products in partnership with Global MAx teams.
  • Anticipate and analyze significant changes in both external and internal market pricing dynamics that may influence their products.
  • Support pricing evaluations for business development opportunities.
  • Analyze innovative contractual solutions for respected brands.
  • Ensure US and/or Global Pricing Strategies/GOAs for their in-line brands are kept up to date with prevailing market conditions and competitive landscape.
  • Support the DEX pricing evaluations as necessary, ensuring the key pricing input and insights are incorporated in the clinical study design process for optimized access & pricing conditions at launch.
  • Provide expertise and play a pivotal role in key pricing & reimbursement negotiations across the globe.
  • Select and oversee work of external pricing research vendors and technical experts in the areas of pharmaceutical pricing & payer negotiations.
Requirements

To be successful in this role, you will need:

  • Bachelor's Degree
  • Extensive pharmaceutical industry experience; at least 3 years in areas related to pricing and reimbursement in US and/or WW pricing.
  • Knowledge of and expertise with key pricing and reimbursement systems worldwide
  • Knowledge of the US healthcare system and reimbursement environment, market access customers and channels. Experience US pricing analytics
  • Strong knowledge of analytical and conceptual tools, and pricing market research techniques, that are relevant to pricing and contracting.
  • Strong strategic thinking skills and ability to apply in a variety of complex business situations.
  • Excellent communication skills: with ability to flex communication style across a broad and diverse set of international markets.
  • Proven ability to communicate complex pricing analyses in simple terms.
  • Demonstrated ability to manage multiple priorities and timelines.
  • Proven focus on integrity and credibility.
  • Understanding of marketing mix and the role of pricing and access as part of the mix.
  • Willingness to travel (US/overseas) for key meetings a variety of face-to-face interactions with matrix partners
About Bristol Myers Squibb

Bristol Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, pregnancy, citizenship, marital status, gender expression, genetic information, political affiliation, or any other characteristic protected by law.

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