AbbVie Ventures represents the strategic investment arm of the company and a core component of AbbVie's integrated approach to external innovation. We invest in-early-stage transformational scientific opportunities that augment our core R&D areas within oncology, immunology, neuroscience, ophthalmology, and aesthetics. We invest proactively with an intent to partner: Our investments and interactions with fellow investors, scientists, physicians, and entrepreneurs provide us insights into novel biology and technologies that result in targeted enhancement of our scientific knowledge as well as early assessments of potential future business development opportunities. Our broad and deep expertise in drug discovery, development, manufacturing, and commercialization is a valuable resource to even the earliest stage companies. Through this proactive engagement with the scientific community, we are building our reputation as a committed leader in the biotechnology ecosystem, while supplementing our R&D pipeline in a capital-efficient manner. Responsibilities:

• Proactive opportunity sourcing:
• Build awareness regarding AbbVie and the Venture group amongst interconnected networks of early-stage life science focused venture investors and company creators, entrepreneurs, scientific founders, and accelerators/incubators on the U.S. West Coast.
• Identify and evaluate potential investment opportunities that are consistent with AbbVie strategies and drive sustainable growth for the Company including managing and generating relationships with potential sources of opportunities and potential co-investors.
• Deal evaluation and execution:
• Lead the assessment and (in conjunction with Search and Evaluation) drive the evaluation process and timeline, developing timely recommendations and proposals for senior management consideration, based on thorough technical review and unique insights.
• Develop effective deal structure optionality, risk mitigation and negotiation strategies and ensure alignment with AbbVie objectives and functional management.
• Drive the deal execution and investment process, including leading the diligence team and cross-functional internal review and presenting the investment recommendation to the Investment Committee, negotiating deal documents and managing the closing process.
• Portfolio management:
• Actively review and monitor AbbVie Ventures’ portfolio companies by keeping abreast of developments within the companies, building and maintaining good working relationships with executive management and the Board of Directors, and participating in Board meetings.
• Serve as the internal point of contact for portfolio companies within AbbVie to ensure alignment and engagement with key stakeholders from the Corporate Strategy and R&D organizations.

QUALIFICATIONS

• Advanced degree in the life sciences (Ph.D., M.D., M.D. /Ph.D.), with at least 3 years post-doctoral research experience (academic or pharma/biotech) required. Oncology experience is preferred, but not required.
• 10 years of experience, including 5 years in pharma/biotech/life science VC, with several years’ direct experience in an externally focused group investing in and/or licensing innovation in the life sciences.
• 2 years exposure working with top level corporate executives.
• Strong understanding of the drug discovery and development, regulatory, and commercialization process for evaluation of pharmaceutical opportunities; position incumbent should have rigorous scientific knowledge that will permit them to objectively evaluate potential business opportunities.
• 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.
• Strong communication skills to effectively communicate business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and promote cross-functional communication.
• Proactive and engaging social and networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities. Strong and existing networks within the early-stage life science community and key ecosystem stakeholders in the Bay Area are desired, with an expectation to expand into key emerging hubs on the U.S. West Coast.
• Demonstrated skills in a licensing or venture investment setting with a track record of creatively solving problems with partners and closing deals that create a win-win relationship for all parties.
• Needs to be able to manage high level, cross-functional teams on tight timelines and focused execution.
• Individual must be able to act independently without daily onsite managerial supervision.
• This role is based in South San Francisco, with expected on-site presence of 2-3 days per week. The role will require domestic and international travel of ~25%.

Applicable to California Applicants Only

• The below range is the range that we in good faith believe is the range of possible compensation for this role at the time of this posting. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in California.

This range may be modified in the future.

• The salary range is (minimum: $146,000_ to maximum:$285,000__)

• This job is eligible to participate in our short-term incentive program

• This job is eligible to participate in our long-term incentive programs

• We offer comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.

  • 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 discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

AbbVie is an equal opportunity employer including disability/vets. 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 disabled veteran, recently separated veteran, Armed Forces service medal veteran or active duty wartime or campaign badge veteran or a person’s relationship or association with a protected veteran, including spouses and other family members, or any other protected group status. We will take affirmative action to employ and advance in employment qualified minorities, women, individuals with a disability, disabled veterans, recently separated veterans, Armed Forces service medal veterans or active-duty wartime or campaign badge veterans. The Affirmative Action Plan is available for viewing in the Human Resources office during regular business hours.

AbbVie’s mission is to discover and deliver innovative medicines 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, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio.