Associate Director, Business Development - Search & Evaluation

Formation Bio•Boston, NY

7d•Hybrid

About The Position

Formation Bio is a technology- and AI-driven pharmaceutical company focused on making drug development more efficient. The Associate Director of Business Development, Strategic Sourcing, will evaluate and assess early-stage assets and opportunities for the company’s business development pipeline, supporting asset evaluation and potential strategic fit. This highly cross-functional role works closely with Business Development, R&D, Commercial, Technology, and Leadership to grow Formation Bio’s asset portfolio. The role offers the opportunity to help build a technology-enabled pharmaceutical company by combining strategic asset acquisition with development capabilities to bring new treatments to patients more efficiently. Formation Bio uses a hybrid work model requiring three days per week in the office. Hiring is prioritized in the New York City and Boston metro areas; candidates in the Research Triangle and San Francisco Bay Area may also be considered.

Requirements

Strong scientific background paired with business acumen.
One to three years of post-degree experience combining scientific and business expertise.
Ability to build strong relationships within the biotechnology and pharmaceutical industries, leveraging existing contacts where applicable.
Enthusiasm for networking, relationship building, and externally facing activities.
An outgoing, motivated, and creative approach to business development.
Curiosity and insight about the role of AI in drug development, clinical trials, and business development.

Nice To Haves

PhD in a biological science or an MD with laboratory research experience is strongly preferred.
Prior experience in biotechnology or pharmaceutical business development (search and evaluation), venture capital investing, or life sciences consulting is highly preferable.
Experience in search and evaluation, venture, or business development.

Responsibilities

Support deal-by-deal opportunity assessment teams from asset identification through transaction close.
Collaborate with the Business Development team to identify target areas for outreach aligned 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 for pipeline asset opportunities, assess upside, and engage the broader diligence team to ensure strategic fit.
Work cross-functionally with R&D, the technology platform, and Commercial teams.