Associate Director, Business Development - Search & Evaluation
Join Formation Bio as an Associate Director of Business Development to evaluate early-stage assets and drive strategic growth.
Posted by employer 13 hours ago
First seen on Joblaze 2 hours ago
Last verified on the company career page 2 hours ago
What you'll build
- Support deal-by-deal opportunity assessment teams
- Collaborate with the BD team to identify target areas
- Evaluate market potential and risk assessments
- Work cross-functionally with R&D and commercial teams
Must have
- PhD in biological science or MD with laboratory research experience
- 1-3 years of post-degree experience
- Prior experience in biotech or pharmaceutical business development
Nice to have
- Experience in venture capital investing
- Strong relationships within the biotech and pharmaceutical industries
- Curiosity about AI in drug development
Practical constraints
- Hybrid model requiring 3 days per week in office
AI in the day-to-day
Formation Bio utilizes AI to accelerate drug development and clinical trials.
Requirements
- Experience
- 1–3 years
- Education
- PhD
Not disclosed in this posting: visa sponsorship.
Benefits
Joblaze summary
The Associate Director of Business Development at Formation Bio focuses on evaluating early-stage assets and guiding their integration into the company's pipeline. This role requires a blend of scientific knowledge and business acumen, particularly in search and evaluation or venture capital, to assess market potential and strategic fit. Ideal candidates will have a PhD or MD with relevant experience in biotech or pharmaceutical business development. The position involves significant collaboration across various teams, emphasizing the company's commitment to leveraging AI in drug development.
Joblaze insights
- Listed today — first seen on Joblaze October 23, 2026. Last confirmed on Formation Bio's careers page October 23, 2026.
- Salary band is above the typical range for comparable tech roles (median ~$129,600).
- Starts above 13% of 70 comparable director other roles in United States we track (median $203,500 across 33 companies).
Quick facts
- Is the Associate Director, Business Development - Search & Evaluation role remote?
- It's hybrid — Formation Bio expects some on-site time in Boston, MA, United States.
- What's the salary range?
- Formation Bio lists $177,500–$222,000 for this role.
- How much experience is required?
- 1–3 years of relevant experience for this Associate Director, Business Development - Search & Evaluation role.
- Where is the role based?
- Formation Bio is hiring for this position in Boston, MA, United States.
- What seniority level is this role?
- Formation Bio targets director candidates for this position.
- Is this full-time or contract?
- Full-time for this Associate Director, Business Development - Search & Evaluation role at Formation Bio.
From the original posting
About Formation Bio
About the Position
The Associate Director of Business Development, Strategic Sourcing, will play a key role in evaluating and assessing early-stage assets and opportunities for Formation Bio's business development pipeline. This role will involve supporting and guiding asset opportunity evaluation along with potential strategic fit for the Formation Bio. This is a highly cross-functional role, collaborating closely with the BD team, R&D, Commercial, Tech and Leadership to continue growing Formation’s asset portfolio.
Responsibilities
- Supporting deal-by-deal opportunity assessment teams from asset identification to transaction close.
- Collaborating with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals.
- Maximizing activity and ensuring high-quality support and diligence in strategic asset growth therapeutic areas and modalities.,
- Evaluating market potential and risk based assessments of pipeline asset opportunities, assessing upside and engaging with the broader diligence team to ensure strategic fit.
- Working cross-functionally with R&D, tech platform, and commercial teams in an AI native drug development company.
About You
The ideal candidate will have a strong scientific background paired with business acumen, ideally with experience in search and evaluation, venture, or business development. This role requires someone who can evaluate assets that would benefit from Formation Bio's tech-enabled development capabilities and build relationships across the biotech and pharmaceutical industries.
- PhD in biological science or MD with laboratory research experience strongly preferred.
- 1-3 years of post-degree experience, with a combination of scientific and business expertise
- Prior experience of biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable.
- Ability to build strong relationships within the biotech and pharmaceutical industries, leveraging existing contacts where applicable.
- Enthusiastic about networking, relationship building, and externally-facing activities
- An outgoing, motivated, and creative approach to business development
- Curiosity and insight around the role of AI in drug development, clinical trials, and business development
This role offers the opportunity to help build the pharma company of the future, combining strategic asset acquisition with tech-enabled development capabilities to bring new treatments to patients faster and more efficiently.
Total Compensation Range: $177,500 - $222,000
Compensation Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience. Your offer will reflect where you fall within the range based on these considerations. In addition to base salary, we offer equity, comprehensive benefits, and generous perks. If the posted range doesn't match your expectations, we still encourage you to apply!
Standard company text repeated across Formation Bio's postings is omitted here.