At Johnson & Johnson (J&J), we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That’s why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world’s largest and most broadly-based healthcare company, we are committed to using our reach and size for good. The aim of the J&J Innovation Centres is to successfully compete for the top science and transformational innovation externally, including at universities, biotech and medtech companies and elsewhere, allowing J&J to build the best healthcare pipeline, advancing transformative products and services for patients and consumers.
The individual we are searching for will support endeavours in multiple areas of innovation in the immunology space, as well as take an active role in identifying innovation more broadly across the EMEA region. J&J, through the Janssen Immunology Therapeutic Area, is focused on redefining treatments for immune diseases by delivering transformational and accessible therapies and regimens to patients with autoimmune diseases. We bring together global resources, capabilities and research alliances to address Innate Immunity, Adaptive
Immunity and Tissue Mechanisms with the objective to develop new treatments in immuno-dermatology, gastroenterology, rheumatology/auto-immunity, IL-23 pathway, auto-antibody pathway. The Immunology Therapeutic Area is at the centre of a broad spectrum of diseases (e.g. neuro-immunology, metabolism) to understand underlying disease biology. No one company can solve the challenges of immunology, and we seek to collaborate with the finest scientific minds from across academia and industry to bring solutions to people who previously had few or no options. We honour the legacy of our company’s namesake, Dr. Paul Janssen, by working with a sense of urgency and dedication to help patients who are waiting and hoping for new treatments and cures.
Broad Function of Role
An externally-focused, highly entrepreneurial deal-making role aimed at identifying and on-boarding potentially transformational innovation into Johnson & Johnson.
Even in the absence of direct reports, this role is primarily a leadership role, the successful candidate is expected to work with substantial internal and external experts to shape the direction of innovation and deal-making for their respective Johnson & Johnson businesses.
New Venture Transactions Lead
This role reports to the Vice President Early Innovation Partnering EMEA and is an integral part of the Early Innovation team in the London Innovation Center, serving the EMEA region. The team is responsible for the identification and evaluation of innovations of potentially high interest to J&J’s operating companies based on J&J’s defined strategies, in strategic adjacencies and in new areas. For opportunities that continue to be of high interest after due diligence, the Early Innovation team is responsible for working with teammates in the scientific, finance, legal, venture capital group and JLABS team to identify the optimal partnership deal structure and then progress the deal through to deal closure. In most cases, the Early Innovation team stay connected and contribute to the optimization of partnerships that continue to be progressed externally after the deal closure.
Identifying highly innovative product/platform opportunities and then devising and proposing collaboration models, transaction structures and terms that are commercially and scientifically appropriate.
Building business cases that are rigorous and based on sound commercial, scientific, regulatory and clinical rationale, with key assumptions and risks clearly articulated.
Leadership and management of cross-functional due diligence teams.
Negotiation and closing of transactions.
Building close relationships with relevant J&J businesses. This is to both understand/contribute to strategy/requirements and to develop sufficient influence in order to champion new opportunities, including those that are potentially “off strategy” but where a compelling business case can be made.
Taking accountability for ensuring that opportunities progress through appropriate review processes, that key risks are identified, communicated appropriately and debated sufficiently, and mitigation strategies are accounted for in deal structures, development plans and cost projections. Preparation of internal review and briefing documents including substantial quantitative and qualitative analysis of opportunities.
Developing deep understanding of innovation and scientific landscape in relevant immunology areas of interest and developing methods to systematically identify innovative opportunities and to maximise chances of serendipitous discovery of opportunities.
Building and maintaining close relationships with appropriate external sources of innovation including entrepreneurs, academics, key opinion leaders, biotech companies, venture capitalists, non profit organisations etc.
External presentation of J&J to prospective partners and regular attendance at industry events such as conferences, including engagement in industry thought leadership.
Contributing to environmental scanning and competitive intelligence activities and to maintenance of professional knowledge management/CRM practices and routine operational reporting.
Ensuring that all interactions and engagements are carried out with the highest ethical and professional standards and that all work is accomplished with quality and in accordance with J&J Credo.
Carry out other reasonable tasks as required.
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Vice President Early Innovation Partnering EMEA
Internal - key stakeholders within respective J&J businesses, wider J&J functional representatives for example during due diligence, and wider J&J Innovation team members.
External - Engagement with all audiences from company senior executives and scientists through to academics, venture capitalists and entrepreneurs.
Qualifications - External
Education, Experience And Achievements
MD or PhD in Life Science is required
8+ years related work experience is required
An extensive personal network (biotech’s, incubators, academia, pharmaceutical) including senior decision-makers and leaders in fields relevant to role is preferred.
Business development or start-up experience in pharmaceuticals, biotechnology, or experience in an investment bank, life sciences venture capital or a top tier strategy management consultancy is required
The ability to demonstrate previous deal-sourcing and transaction success (deals sourced/identified that were subsequently successfully executed) including evidence of substantial involvement in driving/championing/leading the opportunity evaluation and negotiation through to a successful outcome in a cross-functional environment and the ability to help build understanding and consensus in support of a transaction at all levels in an organisation is required
Must be able to negotiate and close transactions is required.
This role is located in the London Innovation Centre., Willingness and ability to travel frequently within EMEA. Some US travel will also be required.
Johnson & Johnson is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
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