What are the responsibilities and job description for the Vice President, Business Development Pharma Cinq position at Default (MSD)?
The Vice President, Business Development of Pharma Cinq, LLC is responsible for the successful execution of our out-licensing and partnering strategies. This individual will lead global licensing and partnering efforts to manage the monetization of Pharma Cinq’s product and IP portfolio, particularly focusing on our biological therapeutic assets. The Vice President will develop and execute strategies for engaging with various licensing and investment partners on a worldwide basis.
• Develop and implement out-licensing strategies aligned with company objectives.
• Conduct market research to identify potential partners and assess competitive landscape globally.
• Coordinate with technical/clinical team to evaluate product portfolio for out-licensing opportunities based on market demand and regulatory considerations.
• Represent the company at industry conferences, networking events, and partnering meetings.
• Perform asset valuations, develop term sheets, and lead negotiations for out-licensing agreements, particularly financial terms and milestones.
• Prepare and deliver compelling presentations and proposals to prospective partners.
• Monitor performance of out-licensed products and ensure contractual obligations are met.
• Bachelor’s degree in life sciences or business (advanced degree in biological science field preferred).
• Minimum of 15 years of experience in biopharmaceutical business development and licensing.
• Comprehensive understanding of the biopharma field and its current and future needs.
• Superior communication (written and verbal) skills with the ability to translate and present information into a meaningful, understandable context and message, regardless of the format (e.g., documents, public speaking situations, presentations, etc.)
• Strong business acumen, negotiation skills, as well as a demonstrated attention to detail and a focus on achieving quality outcomes.
• Ability to build/foster relationships by reinforcing trust and respect, and demonstrating high standards of tact, diplomacy and discretion.
• Demonstrated commitment to excellence and performance improvement and the drive to deliver quality and value-added results and outcomes.
• A professional presence and strong interpersonal skills for interacting in a courteous, timely, and diplomatic manner with external and internal stakeholders.
• Superior competency in scientific fundamentals.
• Excellent organizational, planning, and time management skills with the ability to manage multiple and often changing priorities and issues of varying complexity, while meeting time-sensitive deadlines and deliverables.
• Ability to travel as needed.
• Proficiency in MS Office Suite.
• While performing the duties of this job, the individual is frequently required to sit and stand for long periods.
• This position is performed in a traditional office environment, with potential for remote work.
• Travel is required, up to 25%.