Head of Strategic Partnerships

2 weeks ago


New York, New York, United States Formation Bio Full time
About Formation Bio

Formation Bio is a technology and AI-driven pharmaceutical organization distinguished by its significantly more efficient drug development processes.

With the rapid advancements in AI and drug discovery, the industry faces a bottleneck due to the high costs and lengthy timelines associated with clinical trials. Formation Bio, established in 2016 as TrialSpark Inc., has developed innovative technology platforms, methodologies, and capabilities to expedite every facet of drug development and clinical trials. The company collaborates with, acquires, or in-licenses drug candidates from pharmaceutical firms, research institutions, and biotech companies to advance programs beyond clinical proof of concept, ultimately facilitating the delivery of new medicines to patients. Our investors include notable names from both the pharmaceutical and technology sectors, such as a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, among others.

For further insights, please explore the following links:
  • Our Vision for AI in Pharma
  • Our Current Drug Portfolio
  • Our Technology & Platform
At Formation Bio, our core values are fundamental to our mission of transforming the pharmaceutical industry. Every team member embodies these values, playing a crucial role in our objective to expedite the availability of new treatments to patients.

About the Position

The Director will be responsible for identifying drug assets for Formation Bio to in-license or acquire, leading the research and evaluation of these specific opportunities. This role is vital for the company's growth, and the team will significantly influence the pace of organizational expansion.

Responsibilities
  • Collaborate with Formation Bio's executive leadership to evaluate scientific merit, clinical development strategies, regulatory perspectives, market opportunities, intellectual property, competitive analysis, and valuation assessments to ascertain the overall appeal of potential investments and asset licensing opportunities.
  • Conduct due diligence discussions with medical professionals, scientists, and other experts, and develop therapeutic market and financial models to support investment recommendations.
  • Prepare and present investment documentation and supporting materials related to potential investments.
  • Participate in scientific, business development, and brokerage conferences to discover investment and asset licensing prospects.
  • Lead idea generation and formulate thematic investment strategies to identify areas where Formation Bio can unlock additional value through our clinical development capabilities.
  • Assist in operational tasks and other ad hoc responsibilities to support portfolio management.
  • Mentor junior team members.
About You
  • Possess either an MBA or a graduate degree in biological sciences.
  • Have 4+ years of non-academic experience in analyzing biotech firms, preferably in business development roles within pharmaceutical companies or on the buy-side at venture capital or private equity firms.
  • Demonstrate experience with licensing agreements, term sheet negotiations, and partnerships within the biopharma sector.
  • Exhibit proficiency in financial statement analysis, accounting, and financial modeling.
  • Preferred experience in utilizing various databases, libraries, and data sources for researching companies, clinical trials, competitive positioning, market opportunities, and other relevant areas.
  • Show a strong track record in sourcing, negotiating, and finalizing transactions, with a high degree of diplomacy and empathetic awareness.
  • Possess advanced skills in creating presentation decks for meetings.
We offer competitive compensation to attract top talent and recognize their contributions to our mission. Our compensation is aligned with the New York City market, regardless of employee location. In adherence to NYC's pay transparency law and in pursuit of equity and fairness, we publish salary ranges for all open positions at Formation Bio. The target salary range for this role is $195,000 - $250,000.

In addition to base salary, we provide equity, generous benefits, location flexibility, and comprehensive perks - learn more about them and our compensation philosophy.

If this range does not align with your expectations, we encourage you to apply as we may have other opportunities available.

#LI-hybrid

We are committed to providing equal employment opportunities without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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