Job Description
Director Business Development - Generics
Date: Nov 14, 2024
Location:
Parsippany, United States, New Jersey, 07054
Company: Teva Pharmaceuticals
Job Id: 59149
Who we are
Together, we're on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It's a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world's leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization's Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we're always looking for new ways to continue making a difference, and new people to make a difference with.
The opportunity
As the Director of Business Development you will be responsible for supporting the generics and biosimilars businesses of Teva globally, with focus on Teva's US business, through pursuing and execution of generic and biosimilar pharmaceutical products' licensing-in and co-development projects, to complement Teva's broad product portfolio, and other business development activities. Your role will also include pursuing and executing projects aimed at optimizing Teva's portfolio, also through product acquisitions, divestments, and co-marketing.
The position includes identifying and evaluating products' licensing and other business development opportunities, identifying and building relationships with potentially strategic partners for implementing business development projects, leading due diligence and negotiations procedures and coordinating such activities with relevant functions within Teva to deal finalization.
You will contribute to Teva's growth, primarily in the US market, through expanding Teva's network of potential business development partners and increasing the number of opportunities brought to assessment of senior management, by initiating discussions with companies you have engaged with in the past and strengthening the relationships with companies Teva currently works with.
How you'll spend your day
- Manage, coordinate and execute negotiations of licensing and other business development deals, including coordination between relevant functions within Teva, through impactful project leadership
- Coordinate and execute due diligence activities to support business development deals
- Analyze and evaluate all commercial, legal and technical aspects of business development opportunities, in cooperation with other departments, including: Portfolio, Operations, Legal, R&D, and Finance
- Drive strengthening of relationships with key business development partners, through: a) better positioning of Teva as a partner of choice in the industry; b) increased synergies and leverage of Teva's size in negotiating with 3rd parties; c) superb alignment between Teva's business units and global functions for effective and efficient deal process; and d) ongoing coordination between partners and internal Teva functions at the project and strategic levels
Your experience and qualifications
- Bachelor's degree in Business, Law or Life Sciences is required. Master's degree or a higher level degree is preferred
- Minimum 10 years of experience in pharmaceutical industry, including at least 7 years' experience in US licensing/BD, procurement or alliance management
- Excellent negotiation and communication skills and ability to present information in clear concise manner
- Strong relationship-building skills, able to influence internal and external stakeholders. This individual will be highly visible at all levels of the organization and must be able to build trust and credibility
- Understanding of the requirements for bringing a pharmaceutical product to market, including the principles of product development, registration, and launch preparations
- Project management and leadership skills, including ability to lead cross-functional teams, spread across different geographies
- Ability to analyze and evaluate commercial offers, product features and risks
- Ability to support department goals, track, and report execution progress
- Proactive and collaborative, working with key stakeholders internally and externally
- Techniques to work effectively under pressure, meet deadlines, and adjust to changing priorities.
- Interpreting and administering policies and procedures sufficient to administer, discuss, resolve, and explain them to staff and other constituencies
- Strong written and communication skills, including presentation skills
- Substantive experience in Word, Excel, and PowerPoint
Ability to travel up to 30% of the time when needed
Enjoy a more rewarding choice
We offer a competitive benefits package, including:
- Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
- Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
- Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays.
- Life and Disability Protection: Company paid Life and Disability insurance.
- Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
Already Working @TEVA?
If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply:Internal Career Site (https://performancemanager.successfactors.eu/sf/careers/jobsearch?bplte_company=1080030P)
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Teva's Equal Employment Opportunity Commitment
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.
Important notice to Employment Agencies - Please Read Carefully
Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
EOE including disability/veteran