Associate Director, Business Development - Search & Evaluation

Formation Bio is seeking an Associate Director of Business Development, Strategic Sourcing to evaluate and assess early-stage assets and opportunities for its business development pipeline.

The successful candidate will support and guide asset opportunity evaluation, collaborate with the BD team, R&D, Commercial, Tech, and Leadership to grow Formation's asset portfolio.

Responsibilities:

• Support deal-by-deal opportunity assessment teams from asset identification to transaction close
• Collaborate with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals
• Maximize activity and ensure high-quality support and diligence in strategic asset growth therapeutic areas and modalities
• Evaluate market potential and risk-based assessments of pipeline asset opportunities, assessing upside and engaging with the broader diligence team to ensure strategic fit
• Work cross-functionally with R&D, tech platform, and commercial teams in an AI-native drug development company

Requirements:

• PhD in biological science or MD with laboratory research experience strongly preferred
• 1-3 years of post-degree experience, with a combination of scientific and business expertise
• Prior experience in biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable
• Ability to build strong relationships within the biotech and pharmaceutical industries, leveraging existing contacts where applicable
• Enthusiastic about networking, relationship building, and externally-facing activities
• Outgoing, motivated, and creative approach to business development
• Curiosity and insight around the role of AI in drug development, clinical trials, and business development

This role offers the opportunity to help build the pharma company of the future, combining strategic asset acquisition with tech-enabled development capabilities to bring new treatments to patients faster and more efficiently.

Total Compensation Range: $177,500 - $222,000