Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, John Doerr, Spark Capital, SV Angel Growth, and others.
You can read more at the following links:
- Our Vision for AI in Pharma
- Our Current Drug Portfolio
- Our Technology & Platform
At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.
About the Position
This role will play a critical part in supporting Formation Bio’s business development efforts. You will be responsible for building the scientific and clinical rationale and developing compelling investment cases for novel drug development ideas and acquisition targets. This role encompasses a wide range of activities, including sourcing, diligence, strategy, and transactions, as well as supporting the creation of new companies. By contributing across these areas, you will help drive Formation Bio’s growth targets and advance its mission to deliver transformative therapies.
Responsibilities
- Conduct in-depth financial and strategic analysis, and market research and financial modeling to support investment recommendations
- Help inform the investment thesis through rigorous modeling of clinical development activities, potential commercial launch trajectories and revenue projections
- Help develop and grow a robust pipeline of targets by searching publicly available databases and online resources for novel drug development ideas
- Review, aggregate, analyze and monitor pharmaceutical development databases and market research reports to source and evaluate potential acquisition targets
- Construct persuasive investment theses in the form of PowerPoint presentations and supporting Excel models
- Communicate theses directly to senior management advocating for specific drug development projects
- Partner with senior members of the Business Development group to assist with all elements of transactions on new investments through closing, including due diligence, valuation, deal structuring, and negotiations
- Support broader strategic initiatives with the Formation Bio Leadership Team
- Contribute to strategic initiatives around applications of AI to asset sourcing and diligence
Skills & Qualifications
- Familiarity with key business, scientific, and medical aspects of drug development
- Experience with writing research reports and/or presentations, as well as delivering presentations that integrate multiple data sources
- Expertise in quantitative analysis and modeling
- Excellent written and verbal communication skills
- Strong analytical skills and attention to detail
- Ability to work cross-functionally within the organization (marketing, R&D, finance, etc.)
Experience & Education Requirements
- 2-4 years experience in biotech/pharma industry, preferably in consulting or corporate strategy, financial institutions also considered
- Bachelor’s degree required, preferably in biology or related scientific field
Total Compensation Range: $106,000 - $132,500
Compensation Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience. Your offer will reflect where you fall within the range based on these considerations. In addition to base salary, we offer equity, comprehensive benefits, and generous perks. If the posted range doesn't match your expectations, we still encourage you to apply!
Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 3 days per week in office. Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered. Please apply only if you reside in these locations or are willing to relocate.
Equal Opportunity Formation Bio is committed to building a diverse and inclusive team. We are an equal opportunity employer and welcome candidates from all backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.
We've seen a rise in recruiting impersonation scams across the industry, where fake profiles pose as recruiters aiming to trick candidates into sharing personal and financial information through illegitimate interviews and job offers. All legitimate recruiting communications from Formation Bio will come from a @formation.bio email address. If you receive outreach from someone claiming to work at Formation Bio through any other domain or channel, please disregard it and do not share any personal information.
Formation Bio New York, New York, USA Office
Formation Bio New York Office Office
Our NYC office is in the heart of Midtown Manhattan just steps from the Empire State Building, with world-class dining, transit, and energy right outside the door. A pretty iconic place to come to work.
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