Director, Special Projects

About Formation Bio

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, Sam Altman, 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

As Director of Special Projects you will report to our Co-Founder & CEO, Benjamine Liu, and work closely with our Leadership and key investors on overseeing projects that drive the company’s strategy and help fulfill our mission to bring new treatments to patients faster and more efficiently. This will be an entrepreneurial role and will provide the opportunity to have a rewarding, meaningful impact on Formation Bio’s long term success. Ideal candidates are strategic, proactive, entrepreneurial, highly organized, detail oriented, and able to navigate ambiguity.   

Responsibilities

• Lead strategic projects from conception through execution. This will include partnering with Formation Bio Leadership and external parties to design and manage long term projects
• Oversee internal project management including engaging appropriate stakeholders, defining project scopes, guiding the creation of materials and managing next steps
• Liaise with external partners to ensure that projects stay on track and all stakeholders are engaged over time
• Partner with finance and other key stakeholders to develop and manage budgets related to ongoing projects  
• Partner with Legal team, outside counsel and others to develop and negotiate agreements to establish partnerships with individuals and other organizations
• Develop and track goals, success metrics, reporting  and value creation over time 
• Develop materials for strategic conversations and engagements with pharmaceutical executives, investors, high profile leaders, etc. Utilize storytelling acumen and expertise in visual communication to convey complex scientific and business concepts effectively
• Identify and engage potential partners and key external stakeholders to drive project success
• Leverage AI to optimize project workflows and outcomes
• Domestic and global travel required

About You

• A degree in business, life sciences or biotechnology is required
• Minimum of 8 years of professional experience in biotechnology, life sciences, fund management, business development or a closely related field required
• Experience in forming and managing complex partnerships
• Strong leadership skills and the ability to drive strategic initiatives
• Understanding of AI and a curiosity about how AI will impact the pharma industry
• Excellent communication, negotiation, and interpersonal skills
• Ability to work cross-functionally and across diverse teams
• Advanced ability creating decks to correspond meeting

We offer competitive compensation because we want to hire the best people and reward them for their contributions to our mission. We pay all employees competitively relative to the New York City market, regardless of their location. In compliance with NYC’s pay transparency law and in pursuit of pay equity and fairness, we publish salary ranges for all open roles at Formation Bio. The target salary range for this role is $204,000 - $260,000.

On top of base salary, we also offer equity, generous perks, location flexibility, and comprehensive benefits – learn more about them and our compensation philosophy here.

If this range doesn’t match your expectations, please still apply because we may have something else for you.

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You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.