Formation Bio
Associate Director, Business Development - Search & Evaluation
$178K–$222K
Boston, MA +3 · Director · Full-time · Posted Oct 22, 2026
- Location
- Boston, MA
New York, NY
116 Huntington Ave., Back Bay, Boston, MA, 02116
16 E 34th St., New York City, NY, 10016 - Experience
- 1–3 years of post-degree experience.
- Education
- PhD in biological science or MD with laboratory research experience strongly preferred.
About the job
Evaluates early-stage drug assets and business development opportunities, guiding diligence and strategic fit from identification through transaction close.
What you'll do
- Support deal-by-deal opportunity assessment teams from asset identification to transaction close.
- Identify outreach targets and assess market potential, risks, and strategic fit of pipeline opportunities.
- Coordinate with BD, R&D, Commercial, Tech, and Leadership teams to support strategic asset growth.
What they ask for
- 1–3 years of post-degree experience combining scientific and business expertise.
- Ability to build relationships across the biotech and pharmaceutical industries.
- Enthusiasm for networking, relationship building, and externally-facing activities.
- Curiosity about AI’s role in drug development, clinical trials, and business development.
Nice to have
- PhD in biological science or MD with laboratory research experience; strongly preferred.
- Prior experience in biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting; highly preferable.
Pay
$177,500 - $222,000 (USD, total compensation)
AI focus
Works cross-functionally in an AI-native drug development company and evaluates assets that could benefit from tech-enabled development capabilities; seeks curiosity about AI in drug development, clinical trials, and business development.
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