Product Development Manager

FurstStaffing; South Beloit (IL); On-site; USD 54,000 - 66,000; Full time

Benefits offered by this job

401k

Vacation time

Personal time

Bonus potential

Job summary

FurstStaffing seeks a Product Development Manager to drive new pharma product opportunities, leading cross-functional projects from market assessment through commercialization.

You will support due diligence, contract negotiations, and portfolio growth while coordinating with internal and external partners and traveling to industry events as needed.

Qualifications

• 3-7+ years pharma business development, product management, licensing or related functions.
• Bachelor's degree in Business, Life Sciences, Chemistry, or related field.
• Proficient in Microsoft Office Suite and business analytics tools.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Identify and evaluate licensing, acquisition, and development opportunities using market data.
• Assess market potential, competitive landscape, and business viability.
• Build relationships with external partners, licensors, manufacturers, consultants, and vendors.
• Serve as primary contact between internal and external teams.
• Lead project management for new product development and licensing from evaluation to commercialization.
• Support due diligence across technical, regulatory, commercial, and financial information.
• Collaborate with leadership on business cases and strategic recommendations.
• Monitor industry developments and trends to support portfolio growth.
• Assist in contract negotiations and coordinate with legal and commercial teams.
• Facilitate internal meetings and provide project updates to management.
• Travel to tradeshows, conferences, or vendor meetings as required.

Skills

Project management

Market analysis

Cross-functional collaboration

Communication

Attention to detail

Multitasking

Education

Bachelor's degree in Business, Life Sciences, Chemistry, or related field

Tools

Microsoft Office

Business analytics tools

Job description

Product Development Manager drives new product opportunities in the pharmaceutical industry by evaluating licensing, acquisition, and development prospects. The role leads cross-functional projects from market assessment through commercialization, ensuring alignment across internal teams and external partners. The manager supports due diligence, contract negotiations, and portfolio growth strategies while traveling to industry events as needed.

Key Responsibilities:

• Identify and evaluate new product licensing, acquisition, and development opportunities using market intelligence, competitive analysis, industry trends, and commercial data.

• Conduct preliminary assessments of potential products, including market potential, competitive landscape, and business viability.

• Build and maintain strong relationships with external partners, licensors, manufacturers, consultants, and vendors.

• Serve as the primary point of contact for communications between internal and external teams.

• Lead project management activities for new product development and licensing projects from evaluation through commercialization, developing timelines and tracking milestones.

• Support due diligence activities, reviewing technical, regulatory, commercial, and financial information.

• Collaborate with leadership to develop business cases and strategic recommendations for new opportunities.

• Monitor industry developments, competitor activities, and emerging market trends to support portfolio growth strategies.

• Assist in contract negotiations and coordinate follow-up activities with legal and commercial teams.

• Facilitate internal meetings and provide regular project updates to management, ensuring effective communication and alignment across departments.

• Travel to tradeshows, conferences, or vendor meetings as required.

Qualifications:

• 3-7+ years of experience in pharmaceutical business development, product management, licensing, project management, or related functions.

• Strong understanding of pharmaceutical product development, regulatory pathways, and commercialization processes.

• Experience analyzing market data and identifying new product opportunities.

• Excellent project management, organizational, and multitasking skills.

• Strong interpersonal, communication, and relationship-building abilities.

• Proven ability to collaborate effectively across multiple departments and external organizations.

• Proficiency in Microsoft Office Suite and business analytics tools.

• Ability to manage multiple priorities in a fast-paced environment while meeting deadlines.

• Attention to detail.

• Bachelor's degree in Business, Life Sciences, Chemistry, or a related field.

Benefits:

• $60K/year + depending on experience. Full benefits, 401k, vacation and personal time, bonus potential

You have 3-7 years pharma business development experience. Skilled at managing cross-functional product licensing projects. Proficient in market analysis, regulatory pathways, and negotiations