Senior Director, Business Development Strategy

Summary

Join Formation Bio, a tech and AI-driven pharma company, as the Senior Director of Business Development Strategy. In this pivotal role, you will act as the right-hand to the Chief Business Officer, leading strategic initiatives across the Business Development function. You will identify high-value opportunities, collaborate with cross-functional leaders, and develop market and technology roadmaps. This role requires significant experience in strategy consulting, business development, or a related field, coupled with hands-on experience in biotech or pharmaceuticals. The position offers a competitive salary, equity, generous perks, hybrid flexibility, and comprehensive benefits. Formation Bio is headquartered in New York City with a growing presence in Boston, and while primarily focused on candidates in these areas, remote candidates from specific geographies may be considered.

Requirements

• Possess an advanced degree (PhD, MBA, MD, or equivalent)
• Have significant experience in strategy plus business development, M&A or investing within consulting, investment banking, venture capital, or an internal corporate strategy team
• Have significant hands-on operating experience in the biotech or pharmaceutical industry, with exposure to strategy, business development, or operations
• Demonstrate a proven ability to develop market maps, technology roadmaps, or other strategic frameworks to guide corporate decision-making
• Possess a strong understanding of the biotech/pharma landscape, including market trends, emerging technologies, and deal-making structures
• Have excellent collaboration skills with experience working cross-functionally with teams like Business Development, Search & Evaluation, and Technology
• Have experience managing portfolios, conducting diligence, and identifying strategic partnerships or alliances
• Demonstrate interest and expertise in the application of AI/technology in life sciences

Responsibilities

• Act as the right-hand to the Chief Business Officer (CBO), supporting key strategic initiatives across the Business Development function
• Collaborate with the Head of Search & Evaluation to identify promising opportunity areas and themes
• Lead market mapping and competitive landscaping to help guide strategic investments and focus areas
• Partner with the technology team to build and enhance AI-powered diligence capabilities for evaluating opportunities
• Manage and monitor the existing portfolio of deals and assets, providing regular updates and refining opportunity areas as needed
• Support creative deal structures and alliance formation, both inbound and outbound, to drive strategic partnerships and collaborations
• Lead the BD team's efforts in branding and visibility, including representing Formation Bio at conferences and industry events to promote partnerships and raise the company's profile
• Stay ahead of industry trends and ensure that Formation Bio’s strategy remains aligned with long-term goals and emerging opportunities

Benefits

• Equity
• Generous perks
• Hybrid flexibility
• Comprehensive benefits