at AbbVie in North Chicago, Illinois, United States
Job Description
Company Description
AbbVie’s mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.
Job Description
The Search and Evaluation (S&E) group is part of the Corporate Business & Strategy Office and actively supports global Business Development (BD) goals by sourcing and assessing external partnering opportunities that are aligned with AbbVie’s R&D and BD Strategies. The S&E team interacts with biotech and biopharma companies, academic institutions, venture firms, and other stakeholders from the life sciences industry ecosystem, for exploration of potential opportunities to collaborate, in-license, out-license, invest into- or acquire assets. The group is responsible for leading the global search efforts for assets of high strategic value across the entire spectrum, from early-stage Discovery alliances to the evaluation of programs that are in late-stage development or marketed. S&E is responsible for conducting all scientific/technical due diligence to ensure an in-depth understanding of the science behind each of these opportunities.
Immunology represents one of AbbVie’s strategic therapeutic area pillars and is a major revenue driver for the company. The Senior Director, Search & Evaluation will lead the Immunology S&E team that is responsible for coordinating due diligence and presenting assessments of individual partnering opportunities as well as related Immunology and BD strategy initiatives to therapeutic area leadership and senior governance committees. This is a very attractive opportunity for an experienced biotech or pharmaceutical industry professional who enjoys a high-energy, entrepreneurial environment, and a highly visible role that offers a chance to make significant contributions towards AbbVie’s BD goals and to reinforcing AbbVie’s role as a world-leading pharmaceutical drug developer in the Immunology space.
Key Responsibilities:
+ As the leader of the Immunology S&E team, the successful Senior Director will be responsible for driving the overall strategies and tactics for identifying, assessing, and partnering assets for continued growth of AbbVie’s Immunology business.
+ While directly reporting to the Vice President, S&E Immunology, Specialty, Eye Care, and Platform Technologies, the Senior Director will have strong working relationships with the Vice Presidents of Immunology Discovery, Clinical Development, and Commercial as well as VP Business Development & Acquisitions Immunology, Specialty, Eye Care, and Platform Technologies and the VP, AbbVie Ventures. To effectively contribute to these activities, they will need to possess a deep scientific knowledge in the field of immunology.
+ Since the Senior Director will independently lead scientific/technical assessments as well as lead and mentor direct reports residing at multiple sites, they will also require experience in effectively managing team members, subject matter experts and key stakeholders, experience in effectively and self-sufficiently prioritizing multiple opportunities, and coordinating the workflow of a team.
+ This incumbent will also work to ensure internal and external communication of the external Immunology sourcing strategy and will be expected to represent AbbVie as a spokesperson in external partnering and scientific conferences. They will build and leverage a network of connections in the academic, biotechnology, and pharma ecosystems to raise awareness of AbbVie’s partnering objectives and capabilities.
+ The incumbent will work with key stakeholders and cross-functional teams to drive and ensure effective communication, efficient decision-making, and completion of transactions in a timely manner. They will be responsible for integrating input from various functional areas across the organization to create high quality, clear, and decision-enabling scientific assessments, due diligence reports and presentations with recommendations to TA leadership, senior governance committees, and AbbVie’s Executive Management team.
Qualifications
Basic:
+ PhD, MD, MD/PhD in a Life Sciences Field, preferably Immunology or Immunology-related. Preferably academic degrees were obtained based on work carried out in areas related to Immunology. Advanced business degree or relevant related professional experience (e.g., strategic management consulting) is a plus
+ 8+ years of relevant industry experience required, of which a minimum of 4 years is in S&E, BD, venture capital, technology transfer, or other partnering-focused professional experience.
+ Practical experience in the pharmaceutical or biotech industry of at least five years in at least one major area of drug development, such as Discovery, Preclinical Development, Clinical Development, or Regulatory Affairs. Must possess solid foundation of generally accepted BD practices, including term sheet and deal structures customary in the industry, valuation methods, forecasting, negotiation, and project management for BD.
+ Demonstrated project management/leadership skills to lead/manage cross-functional teams in evaluating target opportunities partnering opportunities and producing high quality assessments of scientific and therapeutic hypotheses, as well as preclinical and clinical data.
+ Ability to drive projects to deliver timely results and follow through on internal and external commitments.
+ Strong communication skills to effectively convey business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and foster cross-functional consensus-building.
+ Proven people leadership and interpersonal skills
+ Demonstrated negotiation and influencing skills with diverse groups of stakeholders in deal settings to creatively solve problems with internal and external stakeholders
+ Strong existing network and networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities.
+ Strong business acumen and ability to drive well-informed, 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.
The preferred base location can be in the Greater Boston area, San Francisco Bay Area, or at corporate HQ outside of Chicago. The role is not intended to be home-based/remote, outside of situations that require temporary adjustments in this regard.
Key Stakeholders:
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
Additional Information
Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law: ?
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+ The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we
