The J&JInnovation Centers, a part of Johnson & Johnson's Family of Companies,is currently recruiting for a New Venture Transactions Lead to be located in SouthSan Francisco, CA. Johnson & Johnson(J&J) is the world's most comprehensive and broad-based manufacturer ofhealth care products, as well as a provider of related services, for thepharmaceutical, consumer health, and medical device markets. The more than 260Johnson & Johnson operating companies employ over 130,000 people worldwide.
Part of Johnson & Johnson's Global External Innovationorganization, Johnson & Johnson Innovation (JJI) has established InnovationCenters (ICs) in California (South San Francisco), Cambridge/Boston, London,and Shanghai (www.jnjinnovation.com).TheICs constitute a platform from which Johnson & Johnson identifies,catalyzes, contributes to, and accesses the most promising medical innovationsat the leading life sciences companies and universities across the globe. J&J'sgoal is to build a pipeline of innovative products that will benefit patientsand will augment long-term corporate growth. Operating within major hubs ofinnovation allows J&J the opportunity to access technologies earlier and tohelp translate them into products for patients by contributing financial,intellectual, and human capital. The leading diversified healthcare company inthe world, J&J seeks external innovation across a broad range of sectors,including pharmaceuticals, medical devices, consumer healthcare, diagnostics, anddigital health.
The New Venture Transactions Lead will be an integral part of the
New Ventures & Transactions team in the California Innovation Center (CA IC).The New Ventures & Transactions team is responsible for the identificationand evaluation of innovations of potentially high interest to J&J'soperating companies based on J&J's defined strategies, in strategicadjacencies, and in new areas. For opportunities that continue to be of highinterest after due diligence, the New Ventures & Transactions team isresponsible for working with teammates in the scientific, finance, legal (and,in some cases, venture capital) groups to identify the optimal partnership dealstructure and then shepherding the deal through to deal closure. In some cases,the New Ventures & Transactions team also contributes to the management andoptimization of partnerships after deal closure.
The New Venture Transactions Lead will focus on externalinnovation opportunities in pharmaceuticals (and, less frequently, onopportunities that span multiple sectors). The chosen candidate will work closely with scientific experts in the CAIC to source, screen, evaluate, and optimally capture opportunities of highstrategic value. She or he will identify target opportunities and buildbusiness relationships with relevant emerging healthcare companies and with topacademic institutions across Western North America. This individual willleverage her or his existing network of relationships with entrepreneurs,venture investors, and key scientific opinion leaders in California and across
Western North America to generate a flow of innovative opportunities alignedwith J&J business strategies.
The New Venture Transactions Lead work with IC and ventureinvestor teammates, with teammates in J&J operating companies, and with keyinternal and external scientific and marketing experts, to coordinate duediligence reviews of collaboration, licensing, and investment opportunities. Workingcollaboratively with scientific, legal, and finance colleagues, she or he will recommendcollaboration models, structure deals (including new company creation, where indicated),and lead deal negotiations. She or he will be responsible for tracking targetinnovation companies and opportunities using CRM software. She or he will assistin the onboarding and ongoing partnership management of collaborations tomaximize the chances of collaborative success. She or he may be called upon toresearch and create points of view on potential new areas of ground-breakinghealthcare innovation. And she or he must be able to serve as an ambassador forJJI, both internally and externally.
The New Ventures & Transactions Lead will also help to source,screen, and mentor companies with game-changing science for JLABS. JLABS is theworld's premier life science incubator, empowering and enabling innovators todeliver life-enhancing health and wellness solutions to people around the globe.
An advanced degree is required, a PhD or MD is preferred.
A minimum of eight years of work experience is required.
Previous work experience in the field of biopharmaceuticals is required; this work experience can have been acquired through work directly in a biopharmaceutical company (whether large or small) or through work experience in venture investing, management consulting, or investment banking.
Experience within business development deal sourcing and transactions, including familiarity with biopharma research collaboration and license negotiations is preferred.
A general understanding of equity investing is preferred.
Access to, or familiarity with, an existing network of life science innovators and venture investors in the Bay Area is preferred.
Experience in an entrepreneurial company environment or culture is preferred.
A demonstrated track record of high performance, academically and professionally is preferred.
A demonstrated record of having played an integral role in the sourcing, negotiation, internal championship, and closure is preferred.
The ability to communicate well, both in oral and written form is preferred.
The ability to possess strong leadership, industriousness, flexibility, and a high capacity for teamwork is required.
This position is located in South San Francisco, CA, and requires willingness to travel (including internationally) up to 30% of the time.
United States-California-South San Francisco-
J&J Innovation LLC (6205)
Johnson & Johnson