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Senior Executive, Business and Corporate Development
2 months ago
We are seeking an experienced senior executive to lead our business and corporate development functions. As a key member of our leadership team, you will be responsible for driving strategic partnerships, identifying and evaluating business opportunities, and developing and executing a robust business development strategy to support our corporate and scientific mandate.
Key Responsibilities- Develop and deliver a comprehensive business development strategy to support our corporate and scientific goals.
- Spearhead our global therapeutics-focused business development activities and manage a small team of corporate development professionals.
- Work closely with our executive and scientific leaders to source opportunities that align with our corporate and scientific mandate.
- Lead out-licensing initiatives to identify potential partners for select programs in our portfolio.
- Identify opportunities for partnerships with large pharma or biotech partners to scale or accelerate our impact.
- Run partnership discussion processes, including due diligence, term sheet development, and collaboration agreement negotiation.
- Lead cross-functional teams in due diligence, including scientific, clinical, manufacturing, regulatory, marketing, financial, legal, and IP experts.
- Partner with our project management team and scientific leadership to drive best-in-class alliance management capabilities.
- Develop and communicate clear and consistent business case development and communications to our management team and board.
- Work closely with our corporate and strategic finance colleagues and external experts to inform the valuation of opportunities.
- Represent insitro at external meetings, conferences, and seminars to access new opportunities and build external networks.
- Advanced medical and/or scientific degree (MD, PhD, or both) or equivalent practical experience is required.
- 15+ years of experience in business development, including scientific diligence and complex transaction experience across both buy-side and sell-side BD is required.
- Strong exposure to advanced computational approaches, including AI and machine learning, is required.
- Experience in neuroscience, metabolic disease, or oncology is a plus.
- A thorough understanding of due diligence, asset valuation, and portfolio management, combined with deep scientific and business acumen, is required.
- Successful track record in sourcing, evaluating, prioritizing, pursuing, and onboarding high-value clinical-stage assets, preclinical assets, and research platforms is required.
- Experience leading or overseeing alliance management in the context of pharma/biotech collaborations is required.
- Robust understanding of the broader healthcare data landscape outside of biopharma and inclusive of providers, payors, device, equipment, and diagnostics players is required.
- Strong capabilities in scientific and strategic analysis and communication are required.
- Exceptional collaboration skills with a diverse set of stakeholders are required.
- Experience leading, mentoring, and managing a high-performing team of subject matter experts with a service leader posture and strong willingness to roll up your sleeves is required.
- Strong network in biopharma, life science, and VC communities in the SF or Boston areas is required.
Our target starting salary for successful US-based applicants for this role is $270,000 - $350,000. To determine starting pay, we consider multiple job-related factors, including a candidate's skills, education, and experience, market demand, business needs, and internal parity. We may also adjust this range in the future based on market data.
This role is eligible for participation in our Annual Performance Bonus Plan (based on company targets by role level and annual company performance) and our Equity Incentive Plan, subject to the terms of those plans and associated policies.
In addition, insitro provides our employees:
- 401(k) plan with employer matching for contributions
- Excellent medical, dental, and vision coverage (insitro pays 100% of premiums for employees on our base plans), as well as mental health and well-being support
- Open, flexible vacation policy
- Paid parental leave
- Quarterly budget for books and online courses for self-development
- Support to occasionally attend professional conferences that are meaningful to your career growth and development
- New hire stipend for home office setup
- Monthly cell phone & internet stipend
- Access to free onsite baristas and cafe with daily lunch and breakfast
- Access to free onsite fitness center
- Commuter benefits
