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, 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

This role will play a critical part in supporting Formation Bio’s business development efforts. You will be responsible for building the scientific and clinical rationale and developing compelling investment cases for novel drug development ideas and acquisition targets. This role encompasses a wide range of activities, including sourcing, diligence, strategy, and transactions, as well as supporting the creation of new companies. By contributing across these areas, you will help drive Formation Bio’s growth targets and advance its mission to deliver transformative therapies.

Responsibilities

Conduct in-depth financial and strategic analysis, and market research and financial modeling to support investment recommendations
Help inform the investment thesis through rigorous modeling of clinical development activities, potential commercial launch trajectories and revenue projections
Help develop and grow a robust pipeline of targets by searching publicly available databases and online resources for novel drug development ideas
Review, aggregate, analyze and monitor pharmaceutical development databases and market research reports to source and evaluate potential acquisition targets
Construct persuasive investment theses in the form of PowerPoint presentations and supporting Excel models
Communicate theses directly to senior management advocating for specific drug development projects
Partner with senior members of the Business Development group to assist with all elements of transactions on new investments through closing, including due diligence, valuation, deal structuring, and negotiations
Support broader strategic initiatives with the Formation Bio Leadership Team
Contribute to strategic initiatives around applications of AI to asset sourcing and diligence

Skills & Qualifications

Familiarity with key business, scientific, and medical aspects of drug development
Experience with writing research reports and/or presentations, as well as delivering presentations that integrate multiple data sources
Expertise in quantitative analysis and modeling
Excellent written and verbal communication skills
Strong analytical skills and attention to detail
Ability to work cross-functionally within the organization (marketing, R&D, finance, etc.)

Experience & Education Requirements

2-4 years experience in biotech/pharma industry, preferably in consulting or corporate strategy, financial institutions also considered
Bachelor’s degree required, preferably in biology or related scientific field

Total Compensation Range: $106,000 - $132,500

Compensation Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience. Your offer will reflect where you fall within the range based on these considerations. In addition to base salary, we offer equity, comprehensive benefits, and generous perks. If the posted range doesn't match your expectations, we still encourage you to apply!