Associate Director, Business Development & Acquisition
The Licensing & Acquisitions group actively supports AbbVie’s global business by identifying and executing on strategic pharmaceutical opportunities through in-licensing, out-licensing, co-promotion / co-marketing, and acquisition. The Associate Director, Business Development & Acquisition supports those efforts through development of analytical assessments to determine opportunity viability, communication of findings to senior management and support of negotiations to execute contracts.
Responsible for supporting the achievement of overall licensing objectives, strategies and tactics for growth of AbbVie’s pharmaceutical businesses.
Collaborates with cross-functional teams comprising of Therapeutic Area leaders and functional leaders to make decisions on business opportunities
Partner with AbbVie’s Search and Evaluation and Commercial Evaluation team members as well as key therapeutic area clients to efficiently process opportunities
Working together with L&A leadership, support negotiations, lead the creation of associated internal review/approval documents and ensure timelines are met.
Work constructively with key stakeholders and cross-functional teams to drive efficient decision-making and complete transactions in a timely manner.
Contribute to the negotiation process including agreement on key terms and, execution of legal agreements.
Actively monitor industry and transaction trends and activities in assigned therapeutic areas in domestic and foreign markets.
Bachelor’s Degree Required. Degree in Business, Science or relevant discipline preferred. Master of Business Administration preferred.
5+ years of experience in marketing, consulting and/or new business development with emphasis on licensing and/or strategic transactions. Pharmaceutical/Biotech industry experience required. International experience a plus.
Clear understanding of financial analysis as well as objective evaluation of new business opportunities.
An ability to assess short and long term market potential on a global basis and make recommendations on plans, programs, goals, and strategies
A critical thinker with ability to get to the right level of granularity to balance speed of execution and facilitate optimal decision-making by executive management
Must have excellent communication and interpersonal skills, experience in interacting with executive-level management.
This role has flexibility to sit in the Irvine, CA, North Chicago, IL, or Madison, NJ offices.
Applicable to California Applicants Only
This range may be modified in the future.
The salary range is (minimum: $126,500 to maximum:$247,000)
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.
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.