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Director of Business Development - Search & Evaluation

Formation BioBoston, MA
On-site Full-time $228K/yr - $310K/yr

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Experience Level

Senior Level Manager

Qualifications

ResponsibilitiesLead asset teams through the deal-making process from identification to transaction closure. Work in tandem with the business development team to define target outreach areas, ensuring strategic alignment with Formation Bio's core objectives.

About the job

About Formation Bio

Formation Bio is an innovative pharmaceutical company leveraging advanced technology and artificial intelligence to revolutionize drug development. 

In a landscape where AI advancements are outpacing the industry's ability to manage drug development, Formation Bio, established in 2016 as TrialSpark Inc., is addressing this critical bottleneck. By developing cutting-edge technology platforms and streamlined processes, we aim to accelerate every phase of drug development and clinical trials. Our strategy includes partnering with, acquiring, and in-licensing drug candidates from pharmaceutical companies, research institutions, and biotech firms to push programs beyond clinical proof of concept, ensuring new therapies reach patients efficiently. Our venture is supported by prominent investors from both the pharmaceutical and technology sectors, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others. 

Explore more about us through the following links:

At Formation Bio, our core values fuel our mission to transform the pharmaceutical industry. Every member of our team shares these values and plays a vital role in advancing new treatment options for patients more swiftly and efficiently.

 

About the Position 

The Director of Business Development, Search & Evaluation will be instrumental in identifying, assessing, and managing early-stage assets and opportunities to enrich Formation Bio's business development pipeline. This pivotal role entails guiding potential opportunities from initial asset identification to final transaction closure, collaborating closely with the business development team to pinpoint outreach areas and stimulate deal flow in designated regions.

About Formation Bio

Formation Bio is at the forefront of a revolutionary approach in the pharmaceutical industry, integrating technology and AI to enhance the efficiency and effectiveness of drug development, ultimately aiming to deliver new therapies to patients faster.

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