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Director of Business Development
TrialSpark New York City, NY
Full Time 7 Months Ago
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TrialSpark is Hiring a Director of Business Development Near New York City, NY

About TrialSpark

TrialSpark is a technology-driven drug development company that runs end-to-end clinical trials, focused on bringing new treatments to patients faster and more efficiently.

The biggest bottleneck in bringing new treatments to patients is the clinical trial. On average, getting a drug through the trial process takes nearly a decade and frequently costs $1B . To combat this industry problem, TrialSpark is building a technology platform that optimizes all aspects of a clinical trial, enabling more efficient trial design, faster trial completion, and higher trial data quality.

TrialSpark recently raised their Series C, and is putting the capital to work by in-licensing and co-developing drug programs through in-house development, joint ventures, and NewCos. Together with doctors, patients, and communities, TrialSpark is working to develop the treatments of tomorrow.

About the Position

Include but are not limited to: 

  • In coordination with the Head of Investments, lead the assessment of science, clinical development plans, regulatory outlook, commercial opportunities, intellectual property, competitive landscape and valuation analysis to help determine the overall attractiveness of potential investment and asset licensing opportunities
  • Conduct due diligence calls with physicians, scientists, and other subject matter experts (consultants) and build therapeutic market and financial models to support investment recommendations
  • Prepare and present investment materials and supporting documentation associated with potential investments
  • Attend scientific, business development and broker conferences to identify investment and asset licensing opportunities
  • Lead idea generation and develop thematic investment strategies to identify areas where TrialSpark can unlock additional value using our clinical development engine
  • Assist in operations and other ad hoc tasks to support portfolio management
  • Train and mentor junior team members

Experience/Qualifications

Required

  • A strong scientific background, with an M.D. and/or Ph.D. in life sciences
  • 4 years non-academic work experience in analyzing biotech companies – ideally in business development roles at pharmaceutical companies with a particular focus in inflammation and immunology, neurology, or cardiovascular and metabolic therapeutics
  • Experience with licensing transactions, term sheet negotiations, and partnerships across the biopharma industry.
  • Proficiency with financial statement analysis, accounting and financial modeling
  • Experience working with various databases, libraries and other data sources to assist in researching companies, clinical trials, competitive positioning, commercial opportunities and other areas of interest is preferred
  • Strong track record in sourcing, negotiating and closing transactions, with a high degree of diplomacy and empathic awareness
  • Excellent communication skills and a proven ability to work collaboratively internally and externally. 

Personal Qualifications

  • Strong work ethic
  • Team player
  • Passion for healthcare investing
  • Organized and detail-oriented, with a demonstrated ability to multitask

You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Job Summary

JOB TYPE

Full Time

POST DATE

09/18/2022

EXPIRATION DATE

12/19/2022

WEBSITE

trialspark.com

HEADQUARTERS

New York, NY

SIZE

100 - 200

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The job skills required for Director of Business Development include Business Development, Analysis, Communication Skills, Coordination, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Business Development. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Business Development. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Director of Business Development positions, which can be used as a reference in future career path planning. As a Director of Business Development, it can be promoted into senior positions as a Top Division Business Development Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Business Development. You can explore the career advancement for a Director of Business Development below and select your interested title to get hiring information.

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Set and assign operational goals for the representatives' organizations, ensuring that the overall sales and business development goals of the segment are met.

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A business development director also leads sales and client-relationship management, tracks new markets and emerging trends, recommends new products and services, proposes and develops new strategic partnerships, writes proposals and plans, and guides lon

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At a high-level, this role will generate and secure short and long-term profitable business through proactive business development and account management based on a fundamental understanding of the customers' business, operations and objectives.

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