Business Development Analyst
Formation Bio
Summary
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.
Job description
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.
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
Requirements
- 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.)
- 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
Benefits
- Equity
- Comprehensive benefits
- Generous perks
Company overview
Formation Bio is an AI-native pharmaceutical company revolutionizing drug development through technology-driven innovation. Founded in 2013 and headquartered in New York City with additional hubs in Boston, San Francisco Bay Area, and North Carolina's Research Triangle, the company focuses on acquiring clinical-stage drug assets from pharmaceutical and biotech companies to develop them faster and more efficiently. Formation Bio has built proprietary AI platforms that optimize critical aspects of clinical drug development, enabling more efficient trial design, faster trial completion, and higher quality trial data. The company's mission is to bring new treatments to patients faster by applying first-principles thinking and data-driven iteration to the traditionally slow and complex drug development process. With a team of 51-200 employees combining expertise from both technology and pharmaceutical backgrounds, Formation Bio has raised significant funding from prominent investors including Andreessen Horowitz, Sequoia Capital, and Thrive Capital. The company's innovative approach has earned recognition including the 2025 CNBC Disruptor 50 and 2025 Fierce 15 awards.