Strategic BD & Sourcing Lead, AI-Driven Pharma (Hybrid)

Formation Bio; Town of Boston (NY); Hybrid; USD 178,000 - 222,000; Full time

Job summary

Formation Bio is seeking an Associate Director of Business Development, Strategic Sourcing, to evaluate early-stage assets and guide strategic fit within our AI-enabled drug development platform. This highly cross-functional role partners with BD, R&D, Tech and Leadership to grow Formation Bio's asset portfolio and advance opportunities from identification to close.

The ideal candidate will have a strong scientific background paired with business acumen, PhD/MD, and 1–3 years post-degree

Qualifications

• Strong scientific background paired with business acumen.
• PhD in biology or MD with laboratory research is highly preferred.
• 1–3 years of post-degree experience in biotech/pharma BD or related field.
• Experience in biotech or pharmaceutical BD/venture capital or life sciences consulting is highly preferable.
• Ability to build and manage relationships across biotech/pharma industries.

Responsibilities

• Support deal-by-deal opportunity assessment from asset identification to close.
• Collaborate with BD team to identify target outreach areas aligned with company goals.
• Maximize activity and ensure high-quality diligence in strategic asset growth across modalities.
• Evaluate market potential and risk and engage with diligence teams for strategic fit.
• Work cross-functionally with R&D, tech platform, and commercial teams in an AI-native drug development company.

Skills

Relationship building

Networking

Cross-functional collaboration

Strategic thinking

Education

PhD in biological sciences

MD with lab experience

Job description

Formation Bio is seeking an Associate Director of Business Development, Strategic Sourcing, to evaluate early-stage assets and guide strategic fit within our AI-enabled drug development platform. This highly cross-functional role partners with BD, R&D, Tech and Leadership to grow Formation Bio's asset portfolio and advance opportunities from identification to close.

The ideal candidate will have a strong scientific background paired with business acumen, PhD/MD, and 1–3 years post-degree