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Associate Director, Ventures (all genders) (fulltime, permanent)

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AbbVie

23d ago

  • Job
    Full-time
    Mid & Senior Level
  • Research & Development
    Business, Operations & Strategy
  • Ludwigshafen

AI generated summary

  • You need an advanced life sciences degree, 3-5 years' experience, investment knowledge in early-stage biotech, strong communication skills, and the ability to work independently with minimal supervision.
  • You will source opportunities, evaluate deals, manage relationships, drive investment processes, and oversee portfolio companies while ensuring alignment with AbbVie stakeholders.

Requirements

  • * Advanced degree in the life sciences (PhD, MD, MD/PhD) with at least 3-5 years of postgraduate experience. Drug discovery experience is preferred, but not required, with ability to work across all other AbbVie relevant core areas of interest (oncology, neuroscience, immunology, ophthalmology, aesthetics).
  • * Investment experience in early-stage life science is preferred (focus on pre-Seed through Series B, including business incubation/company creation).
  • * Good understanding of the drug discovery and development, regulatory, and commercialization process for evaluation of pharmaceutical opportunities; should have rigorous scientific knowledge to objectively evaluate potential business opportunities.
  • * Exceptional talent and organizational skills to evaluate target opportunities and produce high quality analyses. Ability to drive projects to deliver timely results and follow through on commitments.
  • * Strong communication skills to effectively communicate business strategies and capabilities internally and externally, present individual and team recommendations clearly and concisely, and promote cross-functional communication.
  • * An established network and personal brand in the biopharma community preferred. Proactive and engaging social and networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities.
  • * Candidate must be able to act independently without daily onsite managerial supervision. This role may be based in the United Kingdom or continental Europe. The role will require domestic and international travel of ~25%.

Responsibilities

  • Proactive opportunity sourcing:
  • Build awareness regarding AbbVie and the Venture group amongst interconnected networks of early-stage life science focused venture investors and company creators, entrepreneurs, scientific founders, and accelerators/incubators globally.
  • Participate in partnering meetings and conferences to identify and evaluate potential investment opportunities that are consistent with AbbVie R&D strategies.
  • Thoughtfully drive sustainable growth for the Company including managing and generating relationships with potential sources of opportunities and potential co-investors.
  • Deal evaluation and execution:
  • Lead the assessment (in close collaboration with Search and Evaluation and Business Development) and drive the evaluation process and timeline, developing timely recommendations and proposals for senior management consideration, based on thorough technical review and unique insights.
  • Assist in developing effective deal structure optionality, risk mitigation and negotiation strategies and ensure alignment with AbbVie objectives and functional management.
  • Help drive the deal execution and investment process, including support the diligence team and cross-functional internal review to present the investment recommendation to the Investment Committee, negotiating deal documents and managing the closing process.
  • Portfolio management:
  • Participate in reviews and monitor AbbVie Ventures’ portfolio companies by keeping abreast of developments within the companies, building and maintaining good working relationships with executive management and the Board of Directors, and participating in Board meetings.
  • Serve as an additional point of contact for portfolio companies within AbbVie to ensure alignment and engagement with key internal stakeholders.

FAQs

What type of degree is preferred for this position?

An advanced degree in the life sciences (PhD, MD, MD/PhD) is preferred for this position.

How many years of postgraduate experience are required?

At least 3-5 years of postgraduate experience is required for this role.

Is drug discovery experience mandatory for candidates?

Drug discovery experience is preferred but not mandatory; candidates should have the ability to work across AbbVie's core areas of interest.

What is the focus of AbbVie Ventures in terms of investment?

AbbVie Ventures focuses on investing in early-stage transformational scientific opportunities within oncology, immunology, neuroscience, ophthalmology, and aesthetics.

What percentage of travel is expected for this position?

The role will require domestic and international travel of approximately 25%.

What are the key responsibilities of the Associate Director, Ventures?

Key responsibilities include proactive opportunity sourcing, deal evaluation and execution, and portfolio management.

Is investment experience in early-stage life sciences required?

Investment experience in early-stage life sciences is preferred, particularly with a focus on pre-Seed through Series B stages.

What skills are important for this role?

Important skills include exceptional organizational and talent evaluation skills, strong communication skills, and the ability to drive projects to deliver timely results.

Where can this role be based?

This role may be based in the United Kingdom or continental Europe.

How does AbbVie promote diversity and inclusion?

AbbVie is committed to operating with integrity and embracing diversity and inclusion, ensuring equal employment opportunities for all qualified persons without discrimination.

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AbbVie

Science & Healthcare
Industry
10,001+
Employees

Mission & Purpose

AbbVie is a global biopharmaceutical company focused on creating medicines and solutions that put impact first — for patients, communities, and our world. We aim to address complex health issues and enhance people's lives through our core therapeutic areas: immunology, oncology, neuroscience, eye care, aesthetics and other areas of unmet need.