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 X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok.
Job Description
The Search and Evaluation group actively supports the global Business Development (BD) goals by executing on strategic opportunities from academic institutions, biotech/ pharma 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 aligning with the needs of AbbVie R&D organization’s pipeline goals, and conducting thorough technical due diligence to ensure an in-depth understanding of the science behind each of the those opportunities.
The Associate Director, Search & Evaluation will support these efforts through development of required analytics, coordinate due diligence efforts, and assemble inputs from internal / external stakeholders as well as keep communication channels open with cross-functional teams across AbbVie.
Responsibilities -
Search and Evaluation:- Proactively search, identify and evaluate potential opportunities across one or more therapeutic areas that include research collaboration, in-licensing and out-licensing preclinical and clinical assets, platform technologies and research tools that are consistent with external business development strategies for the advancement of AbbVie’s pipeline, and driving sustainable growth for the Company.Due Diligence:
- Create, optimize, and coordinate due diligence process for both in-licensing/ out-licensing projects across one or multiple therapeutic and scientific areas.
- Responsible for tracking progress of diligence activities and assist in creating high quality, clear and concise due diligence reports and presentations with recommendations to AbbVie’s Senior Management team.Communication:
- Build and leverage a network of key stakeholders across R&D; Work constructively to ensure effective communication, efficient decision-making, and completion of transactions in a timely manner.Facilitate effective and timely communication, requiring minimal guidance of area director, with internal and external partners, including ensuring appropriate access to due diligence documentation / data rooms.Ensures consistency of due diligence communication materials (e.g. reports, initial technical assessment documents) across projects with emphasis on process continuity, where appropriate.Operations Management:
Responsible for monitoring and tracking licensing projects against approved timelines and milestones, and ensures that team adheres to agreed-upon team objectives and deliverables.Fully leverages new and existing external and internal IT tools (e.g. Inova) to support the operations of the growing S&E group as it relates to tracking incoming opportunities.
Qualifications
Doctorate degree in a related scientific field required (e.g. PhD, PharmD, MD).2+ years of drug development or Business Development work experience in the pharmaceutical or biotechnology industries requiredStrong 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.Must possess basic knowledge of generally accepted Business Development practices, e.g. financial, contracting, governance review.Must possess a solid foundation in drug discovery processes, with in depth knowledge of at least one aspect of Drug Development (e.g., pre-clinical research, clinical development, Regulatory Affairs, Chemistry Manufacturing and Controls (CMC)).Experience with conducting due diligence exercises within a scientific environment preferred.Highly motivated professional with strong organizational and communication skills, excellent work ethic, and the ability to work independently as well as collaboratively in a team environment.
Key Stakeholders
Internal: S&E, BD&A, AbbVie Ventures, TLC, R&D personnel, Legal
External: Partnering companies, BD from other pharma, Biotechs, Academic institutions.
Additional Information
Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
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 may ultimately pay more or less than the posted range. This range may be modified in the future.
We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
This job is eligible to participate in our short-term incentive programs.
This job is eligible to participate in our long-term incentive programs
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company’s sole and absolute discretion, consistent with applicable law.
AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives, serving our community and embracing diversity and inclusion. It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.
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