AbbVie Director, Search & Evaluation - Immunology in Cambridge, Massachusetts
AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com . Follow @abbvie on Twitter (https://twitter.com/abbvie) , Facebook (https://www.facebook.com/AbbVieGlobal) , Instagram (https://www.instagram.com/abbvie/?hl=en) , YouTube (https://www.youtube.com/user/AbbVie) and LinkedIn (https://www.linkedin.com/company/abbvie) .
Director, Search & Evaluation
Description - External
The Search and Evaluation (S&E) group is part of the Corporate Strategy Office and actively supports global Business Development (BD) goals by sourcing and assessing external partnering opportunities that are aligned with Abbvie’s R&D and BD Strategies. The S&E team interacts with biotech and biopharma companies, academic institutions, venture firms, and other stakeholders from the life sciences industry ecosystem, for exploration of potential opportunities to collaborate, in-license, out-license, invest into- or acquire assets. The group is responsible for leading the global search efforts for assets of high strategic value across the entire spectrum, from early-stage Discovery alliances to the evaluation of programs that are in late-stage development or marketed. S&E is responsible for conducting all scientific/technical due diligence to ensure an in-depth understanding of the science behind each of these opportunities. Immunology represents one of Abbvie’s strategic therapeutic area pillars and is a major revenue driver for the company. The Director, Search & Evaluation will be a key member of the Immunology S&E team, responsible for coordinating due diligence and presenting assessments of individual partnering opportunities to therapeutic area leadership and senior governance committees as well as contributing to Immunology and BD strategy initiatives. This is a very attractive opportunity for an experienced biotech or pharmaceutical industry professional who enjoys a high-energy, entrepreneurial environment, and a highly visible role that offers a chance to make significant contributions towards AbbVie’s BD goals and to reinforcing Abbvie’s role as a world-leading pharmaceutical drug developer in the Immunology space.
Key Responsibilities Include:
Proactively search for, identify, and evaluate potential opportunities (research collaboration, in-licensing preclinical and clinical assets, platform technologies and research tools) that are consistent with external BD strategies for the advancement of AbbVie’s Immunology pipeline, and driving sustainable growth for the Company. Review external opportunities for scientific merit and feasibility.
Lead the assessment of opportunities (in conjunction with the R&D Therapeutic Area Steering Committee, functional area subject matter experts, Business Development and Acquisitions (BD&A) function and commercial organization), including: (1) managing the interactions with external parties; (2) overseeing the evaluation process and timeline; (3) developing timely recommendations and proposals for senior management, and; (4) supporting the commercial organization in commercial assessments of opportunities.
Lead the due diligence efforts (in conjunction with the TA Leadership and Functional area SMEs) for advanced opportunities, prepare initial technical documents and present those to the senior management.
In partnership with the transaction teams (Technology, Licensing and Collaborations/BD&A/ AbbVie Ventures) develop appropriate deal structures, risk mitigation and negotiating strategies and ensure alignment with AbbVie’s TA objectives and functional management.
Communicate status of ongoing deals to key internal stakeholders on a timely basis, including preparation of opportunity assessments and summaries for executive-level audiences. Deliver oral and written presentations to senior management to seek approval for new opportunities.
Build the AbbVie brand via participation and presenting AbbVie’s Vision & Mission at key scientific and industry forums. Network with external parties to ensure awareness of AbbVie key capabilities and BD objectives.
Facilitate and maintain opportunity identification and assessment processes to move projects forward in the most efficient and effective manner and provide recommendations for declining/deprioritizing ideas early and effectively.
Facilitate creation of institutional memory for opportunities by providing clear, concise assessments and recommendations for future reference. Fully leverage new and existing external and internal opportunity management tools to support the operations of the growing S&E group as it relates to tracking incoming opportunities.
Lead/contribute to efforts for creating evergreen external BD strategies aligned to AbbVie’s Immunology TA strategy and portfolio goals.
Lead/contribute to efforts for business process improvement initiatives through R&D organization and BD teams in line with the current industry standards.
Qualifications - ExternalBasic:
PhD, MD, Md/PhD in a Life Sciences Field, preferably Immunology or Immunology-related.
8+ years of relevant industry experience required, of which a minimum of 2 years is in S&E, BD, venture capital, technology transfer, or other partnering-focused professional experience.
Practical experience in the pharmaceutical or biotech industry of at least five years in at least one major area of drug development, such as Discovery, Preclinical Development, Clinical Development, or Regulatory Affairs. Must possess solid foundation of generally accepted BD practices, including term sheet and deal structures customary in the industry, valuation methods, forecasting, negotiation, and project management for BD.
Demonstrated project management/leadership skills to lead/manage cross-functional teams in evaluating target opportunities partnering opportunities and producing high quality assessments of scientific and therapeutic hypotheses, as well as preclinical and clinical data.
Ability to drive projects to deliver timely results and follow through on internal and external commitments.
Strong communication skills to effectively communicate business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and foster cross-functional consensus-building.
Strong people leadership and interpersonal skills and demonstrated negotiation and influencing skills with diverse groups of internal and external stakeholders.
Strong existing network and networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities.
Strong business acumen and ability to drive well-informed, fact-based decision making.
Key AbbVie Competencies:
Builds strong relationships with peers cross functionally and with partners outside of the team to enable higher performance.
Learns fast, grasps the “essence” and can change the course quickly where indicated.
Raises the bar and is never satisfied with the status quo.
Creates a learning environment, open to suggestions and experimentation for improvement.
Embraces the ideas of others, nurtures innovation and manages innovation to reality.
The preferred base location can be in the Greater Boston area or at corporate HQ outside of Chicago. The role is not intended to be home-based/remote, outside of situations that require temporary adjustments in this regard.Key Stakeholders:Internal: S&E, BD&A, AbbVie Ventures, TLC, R&D personnel, Legal, Executive Management External: Partnering companies, BD from other pharma, Biotech CEOs, Academic institutions
Significant Work Activities
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)
Yes, 10 % of the Time
Job Level Code
Equal Employment Opportunity
At AbbVie, we value bringing together individuals from diverse backgrounds to develop new and innovative solutions for patients. As an equal opportunity employer we do not discriminate on the basis of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information gender identity or expression, sexual orientation, marital status, protected veteran status, or any other legally protected characteristic.
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