Director, Business Development & Acquisitions - Oncology
About The Position
The Business Development & Acquisitions function advances AbbVie’s R&D pipeline and commercial business by assessing and executing strategic transactions, including licensing, co-development, co-promotion, collaboration, option deals, divestitures, carve-outs, and mergers and acquisitions. The Oncology Director supports these efforts by developing analytical assessments to determine opportunity viability, communicating findings to senior management, and participating in terms and contract negotiations for the Oncology Therapeutic Area. The role requires at least three days onsite per week at AbbVie’s North Chicago, Illinois offices and domestic and international travel estimated at approximately 10–20%.
Requirements
- Bachelor’s degree in Business, Science, or a relevant discipline.
- At least 10 years of experience in the pharmaceutical or biotech industry.
- A licensing and acquisitions deal sheet demonstrating successful negotiation and closing of deals.
- Strong understanding of the fundamentals of pharmaceutical drug discovery, development, and commercialization.
- Clear understanding of financial analysis and corporate finance, including reading financial statements and annual reports and generating and validating forecast and valuation models.
- Strategic and critical thinking skills, including the ability to identify and pressure-test key sensitivities in business cases and diligence findings.
- Practical, results-oriented approach and ability to balance execution speed with the level of detail needed for executive decision-making.
- Excellent communication and interpersonal skills, including experience leading cross-functional teams and interacting successfully with executive-level management.
- Ability to travel domestically and internationally, estimated at approximately 10–20%.
- Ability to work onsite at least three days per week in North Chicago, Illinois.
Nice To Haves
- Advanced degree such as a PhD, PharmD, or MBA.
- International or cross-border experience.
Responsibilities
- Support the achievement of business development objectives, strategies, and tactics for growth of AbbVie’s pharmaceutical business.
- Partner with Search & Evaluation and Global Commercial Development team members and Therapeutic Area subject matter experts to identify and advance opportunities.
- Work with stakeholders and cross-functional teams to conduct timely initial technical assessments and full due diligence of prioritized opportunities, with responsibility for business and financial diligence.
- Present business components of key opportunities to therapeutic area and enterprise governance bodies, clearly conveying strategic rationale and detailed findings to support decision-making.
- Lead deal negotiations, including collaboration with Transactions Legal, to secure internal and partner alignment on key terms from initial economic discussions through contract execution.
- Represent BD&A in internal planning processes, including Business Development Strategy and Long Range Plan, and participate in ad hoc strategic projects requested by the Executive Leadership Team.
- Participate in external partnering meetings and conferences to build a network and advance AbbVie’s position as a biopharma partner of choice.
- Monitor global and domestic industry and transaction trends and activities.
Benefits
- Paid time off, including vacation, holidays, and sick time.
- Medical, dental, and vision insurance.
- 401(k).
- Eligibility to participate in long-term incentive programs.
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What This Job Offers
Job Type
Full-time
Career Level
Director
