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Business Development Transactions Strategy & Evaluation Part- Time Consultant

Verge Genomics

Verge Genomics

Sales & Business Development
Remote
Posted on Thursday, August 24, 2023
Who We Are:
Technology has transformed almost every single aspect of our lives. Yet, it still takes more than 12 years to develop a drug. Today thousands of diseases affecting hundreds of millions of people have no effective treatment. Accelerating the pace of discovering and developing effective medicines to patients is one of the greatest opportunities for humanity.
Our mission is to develop better drugs, faster. Our team has built a full-stack drug discovery platform centered around one of the largest human multi-omics databases. We use machine learning to map network relationships between complex causes of disease, and then leverage a wide range of systems biology approaches to find new druggable intervention points. Drug candidates are developed to the clinic using our internal biology and chemistry platforms. We are developing new drugs to treat some of the biggest medical challenges today: ALS, Parkinson’s Disease, Frontotemporal Dementia, Crohn’s Disease, and inflammatory skin diseases. Our first drug for ALS is currently in human trials, and it was discovered entirely using our platform.
We raised $134M from top tier investors (e.g. BlackRock, Eli Lilly, Merck, Section 32, Threshold Ventures, Y Combinator, etc) and in 2021 we announced a $706M deal with Eli Lilly. We are a team of data scientists, neuroscientists, and drug developers united around an audacious vision to make drug discovery cheaper and faster.
Seeking an experienced biotech business development professional with a strong transactional track record (ie. deal sheet) and an excellent working knowledge of the drug discovery and development process.

What you will do...

  • Use strong scientific and business acumen and ability to work with cross functional teams to drive deal execution including discovery stage partnering, in licensing and out licensing of assets.
  • Design, construct, recommend, prioritize, and evaluate potential business deal frameworks and strategies by analyzing biotech market opportunities, business prospects and environment, deal requirements, and financials.
  • Recommend deal constructs and provide business rationale, including strategic and financial evaluations, from both the buy side and the sell side.
  • This position requires about 20 hours/week.

You will have...

  • Successful track record of executing transactions with emphasis on pharma/biotech licensing and strategic collaborations.
  • Excellent working knowledge of R&D process particularly factors influencing probability of technical and regulatory success for assets in preclinical and clinical development.
  • Experience building financial models, drafting term sheets and creating financial deal structures; must have an understanding of the implications of alternative deal structures to support value-creation opportunities.
  • Significant knowledge in conceptualization, negotiation, contracting, and licensing in biotech and/or pharma, as well as due diligence and screening capabilities.
  • MBA and or MD/PhD strongly preferred.
  • Excellent oral and written communication skills; ability to develop document and slides to support communication both internally and externally.
  • Entrepreneurial mindset.
  • Please include your deal sheet with your CV when applying.