What are the responsibilities and job description for the VP, Business Development (Industry Partnerships) position at Breakthrough T1D?
As the leading global type 1 diabetes (T1D) research and advocacy organization, Breakthrough T1D helps make everyday life with T1D better while driving toward cures. We invest in the most promising research to turn ideas into life-changing therapies and devices. We work with government, regulatory officials, and insurance companies to address issues that impact the T1D community -- breaking through barriers that limit access to care worldwide. We provide resources and guidance that makes it easier to live and thrive with T1D. This is more than a moment -- we're empowering a movement for the T1D community. Share your support and help educate and empower individuals facing type 1 diabetes.
Our mission is to improve lives today and tomorrow by accelerating life changing breakthroughs to treat, prevent and ultimately, cure T1D and its complications. Always, we are guided by a single purpose: As we drive towards curing type 1 diabetes, we help make everyday life better for the people who face it.
The VP, Business Development will develop and implement Breakthrough T1D’s overall strategy for research partnerships with industry groups, communities and companies to advance type 1 diabetes discoveries and therapeutic development. In this position, the VP will be responsible for managing research alliances with all industry partners to ensure industry partnership projects meet milestones and achieve goals as quickly, effectively, and efficiently as possible.
This is a hybrid position based out of the NYC office.
Specific Responsibilities
Work with internal teams to identify, develop, and execute new business opportunities aligned with Breakthrough T1D research strategy and organizational mission goals
Build relationships with industry partners to develop research and development plans in T1D-prioritized therapeutic areas, including defining the scope of partnered projects, intermediate milestones and associated payment schedules, and project deliverables.
Develop a business strategy and oversight for new partnership deals by way of establishment, negotiation and execution of contracts.
Proactively identify, solicit, advocate and negotiate new strategic research alliances with biotech and pharmaceutical companies, government, and non-profit organizations.
Research and analysis of the business environment. Perform due diligence on proposed collaborations, including assessment of financial health, competitive landscape, commercialization plans, etc. Monitor progress on existing collaborations and identify solutions if challenges arise.
Propose and evaluate strategies to streamline processes for developing industry partnerships following best practice models. Create efficiencies around due diligence, review process, approvals, and finalizing contracts.
Develop new strategies and mechanisms to support industry partners developing T1D therapies.
Lead a high-performing business development team including direct reports.
Liaise with internal stakeholders in a cross-functional matrix organization, such as Regulatory and Health Policy, Medical Affairs, Venture Philanthropy Fund, Development, and Marketing and Communications.
Represent partnership strategy and outcomes to senior leadership and governing committees.
Qualifications
Ph.D., M.D. or equivalent degree required; and MBA or equivalent degree preferred
At least 15 years of experience in business development and alliance management experience within the pharmaceutical or biotechnology industry
Strategic thinker with the ability to drive innovation and adapt to a rapidly changing scientific landscape
Demonstrated ability to lead, direct, and manage a multidisciplinary team in a matrix management environment
Target Salary - $200k - $240k
Essential Functions:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle or feel objects, tools or controls. The employee is occasionally required to stand, walk, sit, reach with hands and arms, climb or balance, and stoop, kneel, crouch or crawl.
The employee must occasionally lift and/or move up to 25 pounds, and infrequently up to 50 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
The noise level in the work environment is usually moderate.
Additional information:
Requests for medical, religious, and other exemptions will be considered on an individual basis. Breakthrough T1D will comply with all federal, state, and local laws.
Breakthrough T1D supports a diverse and inclusive workforce.
Breakthrough T1D is an Equal Opportunity Employer.
All your information will be kept confidential according to EEO guidelines.
Salary : $200,000 - $240,000
