Associate Director, Ventures at AbbVie

Company Description

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok.

Job Description

AbbVie Ventures represents the strategic investment arm of the company and a core component of AbbVie's integrated approach to external innovation. We invest in early-stage transformational scientific opportunities that augment our core R&D areas within oncology, immunology, neuroscience, specialty (eg, obesity), and aesthetics. We invest proactively to access transformative early-stage science, exceptional talent, and emerging biotech ecosystems.

Our investments and interactions with fellow investors, scientists, physicians, and entrepreneurs provide us insights into novel biology and technologies that result in targeted enhancement of our scientific knowledge as well as early assessments of potential future business development opportunities. Our broad and deep expertise in drug discovery, development, manufacturing, and commercialization is a valuable resource to even the earliest stage companies. Through this proactive engagement with the scientific community, we are building our reputation as a committed leader in the biotechnology ecosystem, while supplementing our R&D pipeline in a capital-efficient manner.

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.
• Contribute to deal flow management (triage, log and track opportunities) for internal reporting and knowledge sharing of external innovations.
  
  

Deal evaluation and execution:

Lead the assessment (in close collaboration with Search & Evaluation and Discovery Research teams) and drive the evaluation process and timeline, developing 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 investment process and deal execution, including supporting 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.
  
  

Qualifications

Qualifications:

• 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 AbbVie core areas of interest (oncology, immunology, neuroscience, specialty/obesity, 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, 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.
• Proactive and engaging social and networking skills to reach out to a broad range of industry decision makers to keep abreast of emerging opportunities. An established network and personal brand in the biopharma community preferred.
• Candidate must be able to act independently without daily onsite managerial supervision. This role will be based in the San Francisco Bay Area. The role will require domestic and international travel of ~25%.
  
  

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:

• The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
• This job is eligible to participate in our short-term incentive programs.
  
  

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company’s sole and absolute discretion, consistent with applicable law.

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community.  Equal Opportunity Employer/Veterans/Disabled.

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https://www.abbvie.com/join-us/reasonable-accommodations.html