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Formation BioFormation BioBoston, MA

Director, Business Development - Search & Evaluation

Lead business development efforts to identify, evaluate, and source early-stage biotech and pharmaceutical assets for tech-enabled drug development. Requires strong scientific background (PhD/MD preferred) plus 3-7 years experience in BD, VC, or consulting.

228k – 310k/yr
HybridBusiness Operations

About the role

Responsibilities

  • Lead deal-by-deal opportunity/asset teams from asset identification to transaction close
  • Collaborate with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals
  • Own and manage one or more designated business development outreach areas (e.g., big pharma, biotech companies, designated therapeutics areas)
  • Maximize activity and ensure high-quality deal flow in assigned outreach areas, developing a steady stream of opportunities
  • Conduct initial triage of opportunities, evaluating potential deals before engaging the broader diligence team to ensure strategic fit
  • Work cross-functionally with R&D, tech platform, and commercial teams to ensure smooth handoffs and successful transitions in the diligence process

Requirements

  • PhD in biological science or MD with laboratory research experience strongly preferred
  • 3-7 years of post-degree experience, with a combination of scientific and business expertise
  • Prior experience in biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable
  • Strong network within the biotech and pharmaceutical industries, with the ability to leverage contacts for sourcing early-stage assets
  • Enthusiastic about networking, relationship building, and externally-facing activities
  • Outgoing, motivated, and creative approach to business development
  • Curiosity and insight around the role of AI in drug development, clinical trials, and business development

Skills

Business DevelopmentSearch & EvaluationBiotechPharmaceuticalsVenture CapitalLife Sciences ConsultingAsset SourcingDeal Flow ManagementScientific Due DiligenceAi In Drug Development

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