At a Glance
- Tasks: Lead commercial strategy for early products and drive new business development initiatives.
- Company: Join Johnson & Johnson, a leader in healthcare innovation.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Why this job: Make a real impact on healthcare by developing the medicines of tomorrow.
- Qualifications: Bachelor's degree in relevant field; experience in business development preferred.
- Other info: Dynamic role with excellent networking opportunities and career advancement.
The predicted salary is between 72000 - 108000 £ per year.
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity.
About Innovative Medicine
Our expertise in Innovative Medicine is informed and inspired by patients, whose insights fuel our science-based advancements. Visionaries like you work on teams that save lives by developing the medicines of tomorrow. Join us in developing treatments, finding cures, and pioneering the path from lab to life while championing patients every step of the way.
Role Purpose:
Commercially lead and deliver UK Early Product Portfolio strategy and process recommending launch priorities. Working closely with HEMAR Market Access, Medical and other functions to input to EMEA and global launch planning and early UK launch planning ahead of the creation of and hand-over to UK brand teams (CVTs). Lead on prioritised key brands and co-promotes where not yet in UK Brand teams. As required search for local UK L&A co-promotion opportunities to fulfil local needs.
New Business Development (NBD) activities including evaluation of licensing, mergers, acquisitions, co-promotion, and commercial opportunities across different therapeutic areas and recommending go/no-go decisions to Managing Director, Business Unit Director and Leadership Team. Collaborate with EMEA NBD on regional and globally led NBD projects as required.
Key Role Activities:
- New Business Development
- Identify gaps and needs in portfolio and commercial opportunities at local UK level.
- Identify interest for the UK in regional/global deals by holding strategic discussions with UK Leadership Team stakeholders including MD, as required.
- Lead and/or support full regional commercial evaluations of global acquisition or licensing deals as required by EMEA NBD team.
- Lead all activities necessary for full commercial evaluations of local UK opportunities in a variety of therapy areas.
- Complete standard business analysis on product opportunity to provide relevant information to business to allow strategic discussions with leadership team.
- Commission market research to validate key forecast assumptions / gain further understanding of the product / market as appropriate.
- Consolidate various inputs as part of the commercial assessment.
- Define current and future standard of care for specific therapy class, to allow successful generation of Target Product Profile (TPP).
- Lead UK colleagues through the commercial assessment of opportunities as part of due diligence.
- Work with forecasting partners to develop a robust forecast to understand the value of the opportunity in the UK.
- Work with legal department to identify IP status of the project.
- Give commercial input to finance and legal to draft deal terms for completing the deal.
- Work with relevant functional representatives to answer all open questions in evaluating new opportunities.
- Finalize local business cases for new opportunities based upon analysis of all available data.
- Recommend a particular course of action to senior management, including understanding of potential risk to the company.
- Proactively network with regional NBD counterparts.
- UK commercial lead on early product portfolio working closely with HEMAR, Medical and other functions to input to EMEA and global launch planning.
- Leading UK commercial input to the EMEA strategic brand teams on the strategic planning for products not yet assigned to a UK brand team.
- Coordinating the UK insights and requirements on the early product portfolio with the HEMAR and Medical early product leads.
- Contributing to long-range financial planning forecasts and new product life cycle forecasts for early products.
- Providing the UK Leadership Team with an overview of the future portfolio and assessment of the strategic and operational implications associated.
- Act as CVTL on allocated key brands and co-promotes where not yet in UK Brand teams.
- Ensure the processes and oversight of the Early Products Portfolio for the UK company is clear and well organized.
Key Compliance Requirements:
- Ensure safety reporting requirements are met and appropriately managed.
- Ensure HCC and legal requirements are fully understood, appropriately managed and complied with.
- Ensure inspection readiness with respect to personal training compliance.
- If commissioning contractors or third-party organisations, put contracts in place and provide training.
Role Dimensions:
Communication with others outside J&J Innovative Medicine: Business Development executives from companies we are looking to conduct deals with, UK biotech and pharmaceutical organisations, Market Research Agencies, Business Development consultants and strategic consultancies, Co-promote partners.
Communication with others within J&J Innovative Medicine: Regular strategic discussions with UK MD, Business unit directors, Medical Director, Regulatory team, HEMAR, Government Affairs and Policy, Finance Director, Commercial Leads, and Business Insights.
Collaboration with EMEA NBD team and EMEA strategic brand teams as required.
Ad hoc presentations to Senior management at regional or global level, as required.
Resource Management: Responsible for UK Early Products cross functional budget.
Qualifications:
Bachelor’s Degree (e.g., in Business, Life Sciences, Pharmacy, Economics, or a related field); post-graduate degree preferred.
Essential Technical Knowledge, Skills and Experience:
- Knowledge of pharmaceutical/life science licensing, mergers, acquisitions, co-promotion, and commercial processes.
- Technical understanding of how to conduct commercial evaluations / business plans.
- Understanding of J&J UK / large innovative pharmaceutical company strategic objectives.
- Strong commercial acumen and experience.
- Ability to work across a diverse product portfolio but dive deep as needed.
Required Skills:
Preferred Skills: Alliance Formation, Business Development, Business Valuations, Customer Alignment, Due Diligence, Market Research, Mentorship, Negotiation, Organizing, Process Improvements, Product Marketing Sales, Product Strategies, Relationship Building, Sales Prospecting, Strategic Change, Strategic Thinking, Technical Credibility.
Head of Early Products Commercial Strategy & New Business Development in High Wycombe employer: J&J Family of Companies
Contact Detail:
J&J Family of Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Early Products Commercial Strategy & New Business Development in High Wycombe
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role of Head of Early Products Commercial Strategy. Keep it concise and impactful.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Head of Early Products Commercial Strategy & New Business Development in High Wycombe
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Head of Early Products Commercial Strategy. Highlight relevant experience in commercial strategy, business development, and any specific achievements that align with the job description.
Craft a Compelling Cover Letter: Your cover letter should tell a story about why you're the perfect fit for this role. Use it to showcase your passion for healthcare innovation and how your skills can contribute to Johnson & Johnson's mission.
Showcase Your Strategic Thinking: In your application, demonstrate your strategic thinking abilities. Provide examples of how you've successfully led commercial evaluations or developed strategies in previous roles, especially in the pharmaceutical or life sciences sectors.
Apply Through Our Website: We encourage you to apply through our website for a seamless application process. This way, you can ensure your application reaches the right people and stands out in our system!
How to prepare for a job interview at J&J Family of Companies
✨Know Your Stuff
Before the interview, dive deep into Johnson & Johnson's Innovative Medicine sector. Familiarise yourself with their recent products, strategies, and market positioning. This will not only show your genuine interest but also help you align your experience with their goals.
✨Showcase Your Strategic Mindset
Prepare to discuss specific examples from your past where you've successfully led commercial strategies or new business developments. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting how your strategic thinking has driven results.
✨Network Like a Pro
Understand the importance of collaboration in this role. Be ready to talk about how you've worked with cross-functional teams in the past. Mention any relevant experiences where you’ve engaged with stakeholders, as this will demonstrate your ability to navigate complex organisational structures.
✨Ask Insightful Questions
Prepare thoughtful questions that reflect your understanding of the role and the company. Inquire about their future product portfolio or how they envision the integration of new business development within their existing framework. This shows you're not just interested in the job, but also in contributing to their long-term vision.