AbbVie Director, Immunology Search and Evaluation in Worcester, Massachusetts
Director, Immunology Search and Evaluation
USA, Massachusetts, Worcester
3 additional locations
USA, California, Redwood CityUSA, Illinois, Lake CountyUSA, Massachusetts, Cambridge
Research & Development
The Search and Evaluation group actively supports the global Business Development goals by executing on strategic opportunities from academic institutions, biotech companies and venture firms for potential research collaborations, in-licensing/ out-licensing assets, venture investments, and company acquisitions. The group is responsible for leading the global search efforts for assets of high strategic value meeting the needs of AbbVie R&D organization’s pipeline goals and conducting thorough technical due diligence to ensure an in-depth understanding of the scientific and technical risks behind each of the opportunities. The Director, Immunology Search & Evaluation will support these efforts through developing and executing all aspects of the external BD strategy for potential Licensing opportunities that are consistent with external BD strategies for the advancement or AbbVie's Immunology pipeline and driving sustainable growth for the Company. This is a very attractive opportunity for an experienced Pharmaceutical industry professional that enjoys a high energy, entrepreneurial environment, and a highly-visible role that offers a chance to make significant contributions towards AbbVie’s BD goals.
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 potential 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 dismissing/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 the efforts for creating evergreen external BD strategies that align with AbbVie’s overall TA strategy and pipeline goals.
Lead the efforts for business process improvement initiatives through R&D organization and BD teams in line with the current industry standards.
Advanced degree in a Science Field (MS, PharmD, PhD, MD), preferably Immunology-related
10 + years of drug development or BD related experience.
Must possess a solid foundation in drug discovery processes with familiarity in one aspect of Drug Development (e.g., CMC, pre-clinical, clinical development, medical affairs, regulatory affairs).
Must possess basic knowledge of generally accepted BD practices, including finance monitoring, governance review, and tracking progress.
Strong Project management/ leadership skills to lead/manage multifunctional teams to evaluate target opportunities, and produce high quality analyses. Ability to drive projects to deliver timely results and follow through on commitments.
Strong communication skills to effectively communicate business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and promote cross-functional communication.
Strong networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities.
Strong business acumen combined with strong analytic and critical thinking skills and ability to drive 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.
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.
Equal Opportunity Employer Minorities/Women/Veterans/Disabled