Formation Bio
Director, Business Development - Search & Evaluation
$235K–$307K
Boston, MA +2 · Director · Full-time · Posted Mar 4, 2026
- Location
- Boston, MA
116 Huntington Ave., Back Bay, Boston, MA, 02116
16 E 34th St., New York City, NY, 10016 - Experience
- 3-7 years of post-degree experience, combining scientific and business expertise.
- Education
- PhD in biological science or MD with laboratory research experience strongly preferred.
About the job
Leads sourcing, evaluation, and deal execution for early-stage pharmaceutical assets, coordinating outreach and cross-functional diligence through transaction close.
What you'll do
- Lead opportunity teams from asset identification through transaction close and conduct initial deal triage.
- Set outreach targets and manage designated sourcing areas to generate a strong pipeline of opportunities.
- Coordinate with R&D, technology platform, and commercial teams during diligence and handoffs.
What they ask for
- 3-7 years of post-degree experience combining scientific and business expertise.
- Strong biotech and pharmaceutical industry network and ability to source early-stage assets.
- Experience in biotech or pharmaceutical business development, venture capital investing, or life sciences consulting is highly preferable.
Nice to have
- PhD in biological science or MD with laboratory research experience.
- Curiosity about AI’s role in drug development, clinical trials, and business development.
Pay
$235,000 - $307,000 USD total pay
AI focus
The role evaluates assets suited to tech-enabled drug development and calls for insight into AI’s role in drug development, clinical trials, and business development.
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