Vertex is targeting some of the world's most devastating diseases in new and unconventional ways. Our work takes cutting-edge science, but also the right people. We take great pride in the culture we've fostered and people we've attracted to work with us. We are looking for passionate, innovative, fearless, and collaborative people to join our team.
Our business development activities are focused on complementing our internal research and development capabilities with external innovation that may help further our mission to bring new medicines to people with serious diseases. We seek to collaborate with cutting-edge academic institutions, scientific leaders, companies and organizations to collaborate on both development-stage programs and to new drug discovery, and development technologies that could complement our own internal capabilities. Furthermore, as a company of only 2,000 employees, many of our senior-level executives are engaged throughout all stages of the process to ensure early support and rapid decision-making. As a result, we can execute transactions quickly and with the full commitment of the organization.
Our business development process usually begins with a technical evaluation of an opportunity by our External Innovation group and a cross-functional team of scientists and physicians with strong knowledge of specific diseases. The technical assessment is followed by thorough management discussions and in-depth due diligence to gain a better understanding of the opportunity.
Vertex Pharmaceuticals has an exciting opportunity for someone to lead Search and Evaluation of potential strategic in-sourcing opportunities. Reporting to the SVP of Corporate Strategy and Business Development, you will generate deal flow through the identification and initial business fit and scientific evaluation of potential strategic opportunities for Vertex to in-source, including complementary assets and new technologies. Sourcing of new opportunities will involve a broad Vertex outreach that will include the Venture Capital community, early stage biotech companies, opportunistically larger pharma and biotech companies, and scientific and partnering conferences, among other sources.
Lead therapeutic area and/or technology focused sourcing projects aimed at identifying in-licensing and/or acquisition opportunities.
Be Vertex s initial interface with VCs, their portfolio companies and other early stage companies. Similarly interface with large pharma and biotech (in close coordination with the Business Development Execution team), where relevant, to monitor the availability of potential opportunities for Vertex to insource.
Create a presence at key scientific and partnering conferences and in coordination with the Business Development Execution team, develop a Vertex Partnering message and collateral to increase profile of the Company and its in-sourcing goals, at such meetings.
Conduct initial high level business fit and scientific evaluation of potential opportunities to determine if they are worthy of further, detailed functional evaluation. If yes, work in a highly coordinated fashion with Business Development Execution team to transition opportunity in a manner that will appear seamless to the potential partners. Ensure that the transition to the Business Development Execution team includes a thorough transfer of all early findings/learnings/considerations (relating to scientific, business and personality aspects, as applicable).
PhD required, MD preferred
4 years experience in the investment industry
15+ years experience working within the pharmaceutical or biotech industry working within Business Development, Research or Search & Evaluation function
Business Development experience
Able to work independently, as well as part of a team.
Critical thinker with sound scientific and business judgment
Visionary able to look beyond what is on paper in determining the potential of a program
Strong interpersonal skills, ability to:
Deliver company message and goals to outside parties (at both the scientific and business level)
Build and maintain relationship with the VC community, other biotech companies and other potential sources of opportunities
Able to assemble, synthesize and summarize a complex set of facts and assess how an opportunity may fit within the broader competitive and strategic context.
Adept at handling multiple projects in parallel and tight deadlines in a fast-paced environment
Associated topics: business, care, chief marketing officer, community, donor, market, public, relationship, twitter, university relationship
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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