About Formation Bio

At Formation Bio, we are building the pharma company of the future , redefining drug development with our proprietary, tech-driven platform, focused on bringing new treatments to patients faster and more efficiently.

At Formation Bio we license clinical stage drug assets and develop them in-house using our proprietary, technology-driven platform. Over the past few years, we have been able to significantly expedite the drug development process, evidenced by our acceleration of over 300 clinical trials and reducing trial durations by up to 50%. This innovation translates to getting life-saving drugs to market 1-3 years faster, where we specialize in partnering with and nurturing in-house clinical-stage drugs. Our diverse team of experts come from across multiple industries, combining the best of tech and pharma talent.

Join our culture of innovation where your work directly contributes to transforming patient care in areas such as rheumatology, dermatology, CNS, and cardiometabolic diseases. Our dynamic environment blends advanced technology with strategic drug development, speeding up the delivery of new treatments. Here, every role plays a part in our mission to bring new treatments to patients faster and more efficiently.

About the Position

The Director will identify drug assets for Formation Bio to in-license or acquire in, and lead the research and evaluation of those specific opportunities. This position is critically important to building the company and this team will help to set the pace of growth for the organization.

Responsibilities

• In coordination with the executive leadership of Formation Bio, lead the assessment of science, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape and valuation analysis to help determine the overall attractiveness of potential investment and asset licensing opportunities
• Conduct due diligence calls with physicians, scientists, and other subject matter experts (consultants) and build therapeutic market and financial models to support investment recommendations
• Prepare and present investment materials and supporting documentation associated with potential investments
• Attend scientific, business development and broker conferences to identify investment and asset licensing opportunities
• Lead idea generation and develop thematic investment strategies to identify areas where Formation Bio can unlock additional value using our clinical development engine
• Assist in operations and other ad hoc tasks to support portfolio management
• Mentor junior team members

About You

• Either an MBA or graduate degree in biological sciences
• 4+ years non-academic work experience in analyzing biotech companies – ideally in business development roles at pharmaceutical companies or on the buy-side at a venture capital or private investment firm
• Experience with licensing transactions, term sheet negotiations, and partnerships across the biopharma industry
• Proficiency with financial statement analysis, accounting and financial modeling
• Experience working with various databases, libraries and other data sources to assist in researching companies, clinical trials, competitive positioning, commercial opportunities and other areas of interest is preferred
• Strong track record in sourcing, negotiating and closing transactions, with a high degree of diplomacy and empathic awareness
• Excellent communication skills and a proven ability to work collaboratively internally and externally

We offer competitive compensation because we want to hire the best people and reward them for their contributions to our mission. We pay all employees competitively relative to the New York City market, regardless of their location. In compliance with NYC’s pay transparency law and in pursuit of pay equity and fairness, we publish salary ranges for all open roles at Formation Bio. The target salary range for this role is $195,00 - $250,000.

On top of base salary, we also offer equity, generous perks, location flexibility, and comprehensive benefits – learn more about them and our compensation philosophy here.

If this range doesn’t match your expectations, please still apply because we may have something else for you.

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You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.