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- Tasks: Lead health economics strategies and develop economic models to showcase product value.
- Company: Join a leading pharmaceutical company dedicated to innovation and improving global health.
- Benefits: Enjoy hybrid work options, competitive salary, bonuses, and comprehensive health benefits.
- Why this job: Make a real impact in healthcare while collaborating with diverse teams and experts.
- Qualifications: Doctoral or Master’s degree in Health Economics or related field; 3+ years in HEOR required.
- Other info: Flexible work arrangements and commitment to diversity and inclusion.
The predicted salary is between 48000 - 72000 £ per year.
The Associate Principal Scientist, Health Economics will report to the Executive Director, BARDS (Biostatistics and Research Decision Sciences). He/She will have the primary responsibility for strategic development, use of high-quality economic models and tools to generate business insights and to demonstrate the value of our company’s products to relevant stakeholders, such as payers, health technology assessment (HTA) agencies, healthcare decision makers, providers, and patients. The Associate Principal Scientist, Health Economics will serve as the HEDS (Health Economic and Decision Sciences) lead on one or more value evidence team(s), and work closely with the cross-functional team(s) to develop and refine the integrated value evidence strategy and evidence generation across all phases of product development. He/She will also work closely with the HEOR (health economics and outcomes research) teams in key markets to support local market access. The position will focus on general & specialty medicines, throughout their development cycle.
Responsibilities of the role include, but are not limited to:
- Provision of strategic insights into the development and refinement of the integrated value evidence strategy and evidence generation from the perspective of health economics.
- Development and maintenance of high quality global health economic analyses and tools in house or in collaboration with an external vendor to provide critical business insights and to fully demonstrate the value of our Company’s products, using established and novel methodologies. The analyses include but are not limited to epidemiology analyses, early and late cost-effectiveness analyses, public health analyses, budget impact analyses, and integrated field force tools.
- Collaboration with internal and external stakeholders to conduct evidence generation and synthesis studies that are used to inform economic models and the value evidence strategy.
- Adaptation and/or training of global health economic resources for regional/local HEOR teams to support local HTA submissions and market access activities.
- Dissemination of health economic data via presentations at national/international congresses and publications in scientific journals.
Qualifications:
Education: Doctoral degree or Master’s degree, in (Health) Economics, Biostatistics, Actuarial Sciences, or a related, quantitatively oriented field.
Required experience and skills:
- Expertise and hands-on experience in conceptualisation, design, development and dissemination of health economic analyses to support internal and external decision-making.
- Minimum 3 years’ experience in HEOR in the pharmaceutical industry, consultancy, or relevant organisations.
- Understanding of the market access environment and challenges in key markets, (eg the US, Canada, the UK and EU4, China, Japan).
- Strong interpersonal, organisational and communicational skills with ability to interact with individuals from a variety of disciplines.
Preferred experience and skills:
- Strong track-record of innovative HTA submissions and development of health economic resources to support market access activities.
- Demonstrated strategic, innovative thinking, and decision making.
- Experience in cardiovascular/metabolic diseases, immunology, neuroscience, and/or ophthalmology.
- Experience in evidence generation, synthesis and analysis, such as real-world studies, literature research, meta-analysis.
- Excellent presentation, interpersonal and internal and external networking skills to work in cross-functional teams.
Associate Principal Scientist, Health Economics employer: Merck Sharp & Dohme Corp.
Contact Detail:
Merck Sharp & Dohme Corp. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Principal Scientist, Health Economics
✨Tip Number 1
Network with professionals in the health economics field. Attend industry conferences or webinars where you can meet potential colleagues and learn about the latest trends. This can help you gain insights into what companies like us are looking for in candidates.
✨Tip Number 2
Familiarise yourself with the specific health economic models and tools mentioned in the job description. Being able to discuss these methodologies confidently during interviews will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Showcase your understanding of market access challenges in key regions. Research recent case studies or publications related to HTA submissions and be prepared to discuss how you would approach these challenges in your role at StudySmarter.
✨Tip Number 4
Prepare to discuss your experience with cross-functional teams. Highlight specific examples where you've collaborated with diverse groups to achieve a common goal, as this is crucial for the Associate Principal Scientist role.
We think you need these skills to ace Associate Principal Scientist, Health Economics
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in health economics and outcomes research. Emphasise your expertise in developing economic models and tools, as well as any specific projects that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your understanding of the market access environment and how your skills can contribute to the company's goals. Mention specific experiences that demonstrate your strategic thinking and innovative approach in health economics.
Highlight Relevant Skills: When listing your skills, focus on those mentioned in the job description, such as biostatistics, epidemiology, and health technology assessment. Use concrete examples to illustrate how you've applied these skills in previous roles.
Showcase Collaborative Experience: Since the role involves working closely with cross-functional teams, include examples of past collaborations. Highlight your interpersonal and communication skills, and how they have helped you achieve successful outcomes in team settings.
How to prepare for a job interview at Merck Sharp & Dohme Corp.
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the job description and responsibilities of the Associate Principal Scientist in Health Economics. Familiarise yourself with key terms like health technology assessment (HTA), economic models, and market access challenges to demonstrate your knowledge during the interview.
✨Showcase Your Experience
Prepare to discuss your previous experience in health economics and outcomes research (HEOR). Highlight specific projects where you've developed economic analyses or collaborated with cross-functional teams, as this will show your hands-on expertise and strategic thinking.
✨Prepare for Technical Questions
Expect technical questions related to health economics methodologies, such as cost-effectiveness analyses and budget impact analyses. Brush up on these concepts and be ready to explain how you've applied them in real-world scenarios.
✨Demonstrate Interpersonal Skills
Since the role involves collaboration with various stakeholders, be prepared to discuss how you've effectively communicated complex information to different audiences. Share examples that showcase your interpersonal skills and ability to work in cross-functional teams.
