Merck Jobs

Job Description

Position Description:

Director, Business Development – Enabling Technologies Search and Evaluation Job

The Search and Evaluation (S&E) team is a core function within our Company’s Global Business Development & Licensing (BD&L) organization that is focused on identifying and evaluating external partnering opportunities that are aligned with our Company’s Research & Development and Business Development & Licensing (BD&L) strategies.

The Search and Evaluation (S&E) team interacts with biotechnology and biopharmaceutical companies, academic institutions, venture firms, and other key stakeholders in the life sciences industry, to explore potential opportunities to collaborate, license, or acquire various enabling technologies of high strategic value across the discovery and development spectrum. The S&E function is responsible for leading scientific and technical due diligence to ensure an in-depth understanding of the underlying science behind each opportunity.

The Director, Business Development & Licensing – Enabling Technologies Search and Evaluation will be a key contributor to our Company'' s efforts in worldwide search & evaluation, due diligence, and execution of business development opportunities in enabling technology areas complementing and/or expanding our Company' 's current core capabilities.

This individual will support discovery biologics and vaccines as well as other discovery and development focused areas with the expectation that their responsibility will expand to other functional areas as they become proficient in the job role. This individual may also support precision medicine needs including new biomarker technologies, digital pathology, antibiotic diagnostics, and our companion diagnostic needs in oncology and other therapeutic areas.

Key Responsibilities Include:

• Identify, evaluate, and execute business development opportunities with a focus on cutting-edge science across different functional areas including discovery biologics and vaccines to enhance and/or expand our Company's pipeline.

• Contribute to the formulation of licensing strategy with functional area leadership.

• Proactively identify and solve complex problems that impact the direction of the business.

• Co-chair licensing committee meetings and communicate business development opportunities to internal subject matter experts.

• Contribute to the business development strategy within pharmacology, vaccines, and biologics in conjunction with functional area and clinical development leadership.

• Contribute to the business development strategy within biomarker discovery, clinical trial needs and Companion Diagnostic/Diagnostic programs in conjunction with functional and clinical development leadership.

• Responsible for leading deep scientific and clinical due diligence, the quality of formal due diligence output, evaluations and the integration of internal subject matter expert input and senior management review and approval.

• Work closely with search and evaluation colleagues in our Company' s business development External Innovation Hubs to ensure comprehensive worldwide coverage of the relevant opportunity space.

• Collaborate with functional areas, including discovery, preclinical, clinical, and commercial teams, as well as commercial business development colleagues to ensure alignment between activities and business development needs relating to the functional area needs.

• Analyze the full range of data and lead cross-functional due diligences on inbound and outbound licensing and business development opportunities (from discovery through filing).

• Provide thorough and timely assessments and updates to appropriate management levels to ensure efficient communication and seamless cross functional collaboration.

• Work closely with transaction leads, legal, commercial, and financial analysis teams to ensure relevant deals of highest priority are being advanced and executed timely.

• Manage a portfolio of complex business development projects serving as the primary scientific contact for potential licensing, acquisition, collaborations, co-development agreements, and strategic alliances in support of the relevant opportunity space.

• Serve as a spokesperson for our Company by communicating the licensing strategy both internally and externally, and present on behalf of our Company at industry networking events, scientific conferences, and other venues.

• Individual contributor role.

Position Qualifications :

Location:

• This role is based at our Headquarters site in Rahway, NJ (USA), with a Hybrid setup (combination of an in-office & remote).

• This position cannot be 100% remote.

Education Minimum Requirement:

• MD or PhD in relevant scientific discipline or PharmD with 3 plus years postdoctoral experience

Required Experience and Skills:

• A minimum of 5 years of relevant experience in the biopharma industry with a strong understanding of the drug discovery and development process and broad knowledge of the biotech and healthcare sector.

• Preferred experience in identifying, evaluating, and executing business development deals and partnerships that have resulted in substantial impact.

• Thorough understanding of industry trends and competitive landscape with strong business acumen and ability to translate scientific and technical information to frame attractive business opportunities.

• Highly developed organizational skills, operational skills, and ability to understand the content of and memorialize interactions potential partners.

• Strong leadership skills and proven ability to influence others to reach common goals as well as act independently.

• Comfortable in high visibility situations, ability to demonstrate executive presence, and gain the trust and respect of research and development colleagues.

• Strong presentation and communication skills, and the ability to influence and work successfully with varied audiences including colleagues, scientific and technical leaders, financial institutions, pharmaceutical and business partners, collaborators, and senior executives.

• Ability to multi-task while ensuring consistent attention and prioritization of the most critical and visible projects.

• Self-motivated, attention to detail, and proven ability to work well on teams.

NOTICE FOR INTERNAL APPLICANTS

In accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.

Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders). Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.

Current Employees apply HERE (https://wd5.myworkday.com/msd/d/task/1422$6687.htmld)

Current Contingent Workers apply HERE (https://wd5.myworkday.com/msd/d/task/1422$4020.htmld)

US and Puerto Rico Residents Only:

Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here (https://survey.sogosurvey.com/r/aCdfqL) if you need an accommodation during the application or hiring process.

We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:

EEOC Know Your Rights (https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf)

EEOC GINA Supplement​

Pay Transparency Nondiscrimination (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.

Learn more about your rights, including under California, Colorado and other US State Acts (https://www.msdprivacy.com/us/en/CCPA-notice/)

U.S. Hybrid Work Model

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, generally Tuesday, Wednesday and either Monday or Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.

Under New York State, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected salary range:

$164,800.00 - $259,400.00

Available benefits include bonus eligibility, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. For Washington State Jobs, a summary of benefits is listed here (https://www.benefitsatmerck.com/) .

Search Firm Representatives Please Read Carefully

Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms 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.

Employee Status:

Regular

Relocation:

Domestic

VISA Sponsorship:

No

Travel Requirements:

10%

Flexible Work Arrangements:

Hybrid

Shift:

1st - Day

Valid Driving License:

No

Hazardous Material(s):

N/A

Requisition ID: R289661