Product Management Manager

Company Description

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.
We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries. 
For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).
‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable. Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency
Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Job Description

JOB SUMMARY:

Incumbent will be part of the Central Portfolio Organization which is responsible for Global Portfolio Management & Strategic planning for Dr. Reddy's. The major responsibilities associated with the role follow:

1. Product Strategy/Management Active Pharmaceutical Ingredients-will be responsible for product management of assigned portfolio of Active Pharmaceutical ingredients including but not limited to Integrated Product Strategy; Lifecycle Management

2. Business Development (Licensing/Partnerships)-Formulations- Will be responsible for business development of formulation (focus on B2B Markets) to support the Global Portfolio/Business Development agenda

ROLES & RESPONSIBILITIES:

1. Product Strategy Development ( Full Life-Cycle ) for Assigned Portfolio-API

o Responsible for creating standalone API strategy & enabling creation of Integrated Product strategy for DP( OSD/Sterile ) for allotted products. Owning definition and updating of the strategy as per all DRL market requirements as per prescribed frequency
o Product strategy to cover all aspects of the product holistically including but not limited to commercial demand/go to market strategy for all DRL Markets (PSAI+GG); IP; Lifecycle Management; Capacity; development; regulatory strategy
o Define & govern critical decision points over product life cycle –development to commercialization & beyond
o Assess financial viability / ROI metrics to determine investments/decisions on product for Eg: LCM; Capex investment; Make vs buy decision; rationalization
o Communicate/Disseminate & provide clarity on all dimensions of the product strategy to all impacted stakeholders 
o Create and drive alignment/regular governance/action on key backend actions to drive product success

2. Market Intelligence; Competitive intelligence and Life Cycle Management-API/DP

o Responsible for connecting with all DRL markets teams including PSAI and CPO-OSD/Sterile for comprehensive front end strategy capturing competitive view, market growth, expansion strategy etc.
o Provide insights based on competitive benchmarking to trigger appropriate remediation measures include LCM; Capex; additional development etc
o Drive Lifecycle management based on market/benchmarking/competitive feedback/IP & RA inputs to create cost/product competitives to enable maximization of Market share of internal API
o Ensure timely execution of cost improvement projects and execution as per standalone/Integrated product strategy as per defined scope; cost and timelines

3. Long Term Strategy Planning-API & BD DP

o Provide visibility on long range value and volume plan for the portfolio of products
o Manage the risk to value and work with stakeholders to device mitigation strategies
o Provide manufacturing network optimization inputs for the near and long term
o Drive/Support timely creation of capacity to meet market demand (FTM/Unconstrained) in line with Integrated product strategy/Strat plan

4. Enabling Strategy Execution-API

o Work with Program management office ( RDO ) to ensure execution of integrated product strategy
o Support R&D budget optimization, portfolio prioritization decisions, cost improvements plan for improving profitability, for select cluster of products

5. Portfolio connect for R&D pipeline-API

o Participate in and provide strategic inputs (critical success factors, timeline & cost targets) in product development meetings
o Track timelines & spend on development, highlight risks in terms of changes in market dynamics, challenges in development/ manufacturing. 
o Periodically monitor development progress as well as external events and bring in competitive intelligence to drive dynamic (re)prioritization in collaboration with the respective BU Portfolio/CPO teams

6. Business Development-Formulations
1. Enable creation of Global BD agenda in support with Global Portfolio strategy & Corporate Strategic Planning Objections
2. Lead the identification, evaluation, prioritization& execution of in-licensing opportunities for pharmaceutical formulations in alignment with company strategy and market needs and in conjunction with regional BD/Portfolio
3. Conduct comprehensive market analysis to assess market trends, competitive landscape, and growth opportunities for pharmaceutical products globally
4. Negotiate and execute licensing agreements, strategic alliances, and collaboration agreements to acquire rights
5. Collaborate with cross-functional teams, including R&D, regulatory affairs, legal, and commercial, to assess the feasibility and strategic fit of potential partnerships
6. Manage due diligence activities, including financial analysis, technical evaluation, and risk assessment, to inform decision making and mitigate risks associated with licensing agreements
7. Monitor and track market dynamics, competitor activities, and regulatory developments to anticipate challenges and capitalize on emerging opportunities in the pharmaceutical industry

Qualifications

Qualifications: M.Sc. (Chemistry)/B. Pharma/Engineering Graduate, MBA from a premier institute 

Desired Work Experience: Min. 10years of experience in Pharmaceutical Industry/Allied Industry of which Min. 6-7 year's experience should be in Portfolio/Product Management and/or Business Development/Sales)

Additional Information

Benefits Offered
At Dr. Reddy’s we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddy’s are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.

Our Work Culture
Ask any employee at Dr. Reddy’s why they come to work every day and they’ll say, because Good Health Can’t Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we’re always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.