Head of Business Development

Company: EmergencyMD
Location: Seattle
Posted on: November 13, 2024

Job Description:

Head of Business Development
Talus Bioscience, a venture-backed early-stage biotechnology startup, is at the forefront of developing innovative therapies for incurable cancers. Driven by the belief that "nothing is undruggable," we harness cutting-edge proteomics and AI during the initial stages of discovery to unlock previously inaccessible targets in cancer. Exciting opportunities await at Talus Bio - your chance to be part of something transformative!
Position Overview
We are currently seeking a dynamic Head of Business Development (Sr. Director/VP/SVP/CBO) to join our team, reporting directly to the CEO. Though the position is ideally based in Seattle, remote work arrangements may be considered for highly qualified candidates. In this pivotal role, you will craft and execute the business development strategy, identifying collaboration and partnership opportunities to maximize the potential of Talus Bio's unique technology platform.
Essential Job Responsibilities

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• Serve as a member of Talus Bio's leadership team and lead the development of an ambitious business development plan, integrating scientific, strategic, and financial objectives.
  
• Identify and source potential partners relevant to our technology platform for transcription factor drug discovery and development.
  
• Generate and manage business development materials and communications for prospective partners.
  
• Lead negotiation and due diligence processes for partnership deals, capturing the full value provided by our innovative technology platform and oncology pipeline programs.
  
• Collaborate with the scientific team to prioritize therapeutic targets and valuable data packages to drive success of the business development plan.
  
• Establish and oversee an internal business development organizational system, which includes tracking, documenting, and reporting the status of all collaborations in the pipeline.
  
• Recruit, nurture, and mentor a high-performing business development team.
  
• Actively engage in various forums, internal (e.g., Board of Directors meetings) and external (business development conferences).
  
• Cultivate and maintain a robust network of potential partners and key contacts, fostering long-term relationships.
  
  NOTE: Resumes or application materials must include a cover letter and a detailed Deal Sheet detailing past partnership transactions closed.
  Qualifications
  Talus Bio believes that our staff should reflect the diversity of our community. We are committed to hiring and advancing staff that represent voices from traditionally underrepresented populations. We are committed as an organization to fostering better cultural competency, equity, and diversity. We're open to a variety of backgrounds and experiences, and all talent is welcome and encouraged to apply, even if not all of the required qualifications are met.
  Required Skills and Experience
  
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  • BS, MS, or PhD in biology, chemistry, or another scientific field.
    
  • 10+ years progressive business development experience, including 2+ years in roles with leadership responsibilities.
    
  • Proven success in initiating, closing, and managing significant business development transactions, especially for platform technologies.
    
  • Demonstrated experience in structuring, negotiating, and closing a wide range of transactions (strategic alliances, M&A, licensing agreements, joint ventures, equity investments, etc.)
    
  • An extensive network within the pharmaceutical and biotech/biopharma sectors, with a focus on oncology therapeutics companies.
    
  • Solid scientific background, ideally in therapeutics, complemented by a comprehensive understanding of drug discovery trends and the competitive landscape.
    
  • Ability to interface effectively with various departments including leadership, R&D, finance, legal, and with external stakeholders.
    
  • Experience in building, developing, and leading high-performing teams.
    
    Preferred Skills and Experience
    
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    • Experience in a fast-paced, venture-backed startup environment.
      
    • Buy-side business development experience in biotech or pharma.
      
    • Sell-side business development experience within a platform biotechnology company.
      
    • In-depth understanding of oncology therapeutics and/or small molecule drug development.
      
      Our Commitment to Diversity & Inclusion
      Talus Bio is committed to creating a diverse, inclusive, and empowering workplace. We believe that having employees, interns, and contractors with diverse backgrounds enables Talus Bio to better meet our mission and serve healthcare communities around the world. We recognize that opportunities in the life sciences have historically excluded and continue to disproportionately exclude Black and Indigenous people, people of color, people from working class backgrounds, people with disabilities, and LGBTQIA+ people. We welcome all people including cisgender, transgender, agender, and intersex and are inclusive of non-binary folx. We strongly encourage individuals with these identities to apply.
      Salary and Benefits
      The base salary for this role will be dependent on experience and the level of role offered, with a targeted annual base salary range of $175,000 - $250,000. In addition, performance bonuses will be based on the value of deals closed. We offer competitive compensation including salary, benefits, and equity in a fast-growing start-up. Job title will be set based on experience and track record; therefore, we encourage applicants with a wide range of backgrounds to apply.
      Despite being a small startup biotech, Talus Bio's first priority is the safety and wellbeing of all our employees and their families, both inside and outside of the lab. As part of this commitment, we have put a great deal of thought and care into developing a cost-effective and comprehensive benefits package for our team.
      Our benefits package includes but is not limited to the following:
      
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      • Medical/dental/vision insurance with 100% company-paid premiums for employees and 50% company-paid for dependents
        
      • $112/month commuter and transportation reimbursement program
        
      • 401(k) plan with a 4% Talus Bio contribution (regardless of employee contribution)
        
      • Basic Life and AD&D Insurance
        
      • 4 weeks of paid time off PLUS a paid end-of-year shutdown between Christmas Day and New Year's day
        
      • 10 paid holidays
        
      • Weekly meals, snacks, and drinks
        
      • Flexible working hours
        
      • Flexible working environment and schedule
        
      • Yearly company retreat and quarterly company events
        
        Talus Bioscience, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
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Keywords: EmergencyMD, Tacoma , Head of Business Development, Other , Seattle, Washington