Director, Business Development & Acquisitions - Oncology
About The Position
The Oncology Director of Business Development & Acquisitions supports AbbVie’s efforts to advance its R&D pipeline and commercial business by assessing and executing strategic transactions for the Oncology Therapeutic Area. Transaction types include in-licensing, out-licensing, co-development and co-promotion, collaborations, option deals, divestitures, carve-outs, and mergers and acquisitions. The role develops analytical assessments of opportunity viability, communicates findings to senior management, and participates in transaction terms and contract negotiations. The position requires at least three days onsite each 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 biotechnology industry.
- A licensing and acquisitions deal sheet demonstrating successful negotiation and closing of deals.
- Strong understanding of pharmaceutical drug discovery, development, and commercialization.
- 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 due diligence findings.
- Results-oriented approach and ability to balance speed of execution 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 the North Chicago, Illinois offices.
Nice To Haves
- Advanced degree such as a PhD, PharmD, or MBA.
- International or cross-border experience.
Responsibilities
- Support business development objectives, strategies, and tactics for growth of AbbVie’s pharmaceutical business.
- Partner with Search & Evaluation, Global Commercial Development, and Therapeutic Area subject matter experts to identify and advance opportunities.
- Work with stakeholders and cross-functional teams on initial technical assessments and full due diligence of prioritized opportunities, with responsibility for business and financial diligence.
- Present the business components of opportunities to therapeutic area and enterprise governance bodies, communicating strategic rationale and detailed findings to support decision-making.
- Lead deal negotiations, working with Transactions Legal to secure internal and partner alignment on key terms through contract execution.
- Represent Business Development & Acquisitions in internal planning processes, including Business Development Strategy and Long Range Plan, and 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 for eligible employees.
- 401(k) for eligible employees.
- Eligibility to participate in long-term incentive programs.
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What This Job Offers
Job Type
Full-time
Career Level
Director
