Position HR113: Business Intelligence and Market Analyst

Location: Bridgewater, NJ

Company Description Nevakar is a privately-held, specialty pharmaceutical company committed to developing innovative products in the injectable and ophthalmic space. The company is dedicated to the development of enhanced products that address unmet clinical and/or commercial needs of current FDA approved molecules, through intensive R&D and clinical efforts. Nevakar’s drug repositioning efforts are focused on the design and development of 1) improved formulation, 2) functional packaging, 3) novel drug delivery approaches, and 4) regulatory and clinical strategies. Resulting new and repositioned products are expected to provide patient-centric benefits while ensuring incremental value proposition for the healthcare system. These new products with proprietary enhancements are filed with the FDA, primarily under the 505(b)(2) regulatory pathway.

Position Summary

The Business Intelligence and Market Analyst is responsible for researching, analyzing, and interpreting market trends and data to provide actionable insights that inform strategic business decisions. This role involves a deep understanding of injectable drug products, 503B compounding that occurs in the hospital setting, market dynamics, competitive landscapes, and customer behavior. The Market Analyst works closely with product development teams to support the company’s growth objectives and enhance market positioning. The ideal candidate is in one of two categories: Hospital pharmacist with 503B experience in compounding products or in a clinical field such as ICU, critical care, surgery or oncology—with a desire to enter the pharma world in an entry level position, hoping to get into a marketing or commercial operations career. 

Market analyst, with strong analytical skills willing to learn more about the world of injectable drugs.

Key Responsibilities:

• Market Research:
• Conduct primary and secondary research to gather data on market trends, customer preferences, and competitive activities.
• Develop and manage surveys, focus groups, and other data collection methods.
• Data Analysis:
• Analyze market data using statistical tools and software to identify patterns and trends.
• Interpret data to provide actionable insights and recommendations.
• Reporting and Presentation:
• Prepare detailed reports, dashboards, and presentations to communicate findings to stakeholders.
• Present research results and strategic recommendations to senior management and other relevant teams.
• Competitive Analysis:
• Monitor and analyze competitor activities, market share, and positioning.
• Assess the impact of competitor strategies on the company’s market position.

• Customer Insights:
• Analyze customer data to understand behaviors, needs, and satisfaction levels.
• Identify target market segments and customer profiles.
• Strategic Support:
• Support the development of marketing strategies, product launches, and business plans.
• Collaborate with cross-functional teams to align research findings with business objectives.
• Trend Monitoring:
• Stay updated with industry developments, technological advancements, and economic changes.
• Required to attend professional meetings for networking and market assessment.
• Provide insights on potential opportunities and threats in the market.

Qualifications

Bachelor’s degree required, MBA (or other advanced degree) is preferred.

Minimum of 5 years pharmaceutical/biotech product management experience required.

A mix of generic and branded pharmaceutical product experience is preferred.

Branded 505(b)(2) experience with oncology and hospital injectable products is preferred.

Strong organization, prioritization and project management skills, with demonstrated ability to manage multiple tasks.

Ability to work independently, with a sense of urgency and a strong attention to detail

Ability to lead through influence across functional lines

Results-oriented, high energy self-starter with high level of personal initiative and an attitude of continuous improvement.

Excellent oral and written communication skills as well as effective interpersonal skills.

Adept in MS Office; Word, Excel, PowerPoint, Outlook.

Equal Opportunity Employer Minorities/Women/Veterans/Disabled