Manager - Corporate Strategy & Business Development

Alkem Laboratories Ltd.; Mumbai City; On-site; INR 6,75,000 - 9,00,000; Full time

Job summary

An established industry player in pharmaceuticals is seeking a dynamic individual to lead the New Product Portfolio management. This role involves collaborating with various teams to identify and validate new product opportunities, ensuring timely product launches, and tracking the health of the product pipeline. The ideal candidate will have a strong background in Business Development or Market Research, with a focus on feasibility analysis and cross-functional collaboration. Join this innovative firm to make a significant impact in the pharmaceutical landscape and drive growth through strategic product management.

Qualifications

• 5-8 years in Business Development or Market Research in pharmaceuticals.
• Strong background in product management and feasibility analysis.

Responsibilities

• Build and manage a strong New Product Portfolio in a timely manner.
• Collaborate with cross-functional teams for product launches and evaluations.
• Monitor the health of the product pipeline and ensure sustainable revenue.

Skills

Business Development

Market Research

Product Management

Cross-functional Collaboration

Feasibility Analysis

Education

MBBS

M.Pharm

B. Pharm

BDS

M.Sc.

B.Sc.

B.Tech with MBA

Job description

About Alkem:

Alkem Laboratories Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical generics, formulations and nutraceuticals in India and globally over 50 countries. We have consistently been ranked amongst the top five pharmaceutical companies in India. Our portfolio includes illustrious brands like Clavam, Pan, Pan-D, and Taxim-O, which feature amongst the top 50 pharmaceutical brands in India.

Details of the Role:

The incumbent would need to build a strong New Product Portfolio and its management and delivery in a time-bound manner. Should work closely with the Business/Marketing, Business Development, R&D, Manufacturing, Regulatory, IP, Market Research, SFE, CEO Office, Commercial, Medical, Clinical Research, CQA, Finance, PMO, New Product Launch, Network Strategy, Packaging development teams, etc.

Key roles & responsibilities:

New Product Ideation & Feasibility Analysis

• Establish & institutionalize processes for product selection
• Identify new product opportunities in line with overall business intent and inputs from various internal teams
• Validate the market potential in conjunction with Marketing Teams through primary/secondary market sources & benchmarks/analogues.
• Prepare the proposal on new products and initiate discussions with the respective teams
• Identify the product manufacturing basis the deliberations on the business case in conjunction with Network Strategy and cross-functional teams as appropriate
• Collaborate with cross-functional teams in R&D, PMO, Medical affairs, IP, Clinical Research, Business, New Product Introductions, Regulatory, etc., to collect relevant data on assessing the development feasibility
• Estimate the product costing and take necessary approvals
• Partner in the final product selection process

Product Selection & Prioritization

• Anchor Product Selection meetings/discussions
• Prioritize selected products based on pre-defined criteria and communicate the same to in-house & sourcing team
• Finalize the calendar for product launches

Third Party Partner Evaluation

• Interact with the prospective third partners in conjunction with the Commercial Team
• Validate technologies and skill sets of partners from a portfolio fit perspective
• Ensure timely alliances with the partners

Product Launches & Due Diligence

• Ensure complete alignment between R&D team, Sourcing team, Marketing team, and contract manufacturing team and various cross-functional teams to ensure the delivery timelines for new product launches
• Validate the actual launch performance against initial business assumptions
• Ensure management reporting with regard to gauge performance Vs. targets

Health of the Product Pipeline

• Track and monitor the health of the product pipeline
• Establish integrated data management and MIS for portfolio management
• Ensure to develop a sustainable revenue source for growth of the business
• Continuously evaluate the health of the existing products, prepare business cases, provide inputs, and facilitate management decision

Education background: MBBS/M.Pharm/B. Pharm/BDS/M.Sc./B.Sc./B.Tech with Business Management (MBA) degree

Qualification: 5-8 years in Business Development/ Marketing / Market Research/Portfolio planning, in pharmaceuticals.