Reporting directly to the VP Business Development she / he will define, develop and execute business development and licensing transactions that contribute to Mallinckrodt’s overall strategic growth targets and enable the company to continue along its path of strong, sustainable growth.
The role will involve identifying new growth opportunities through external business development activities that will include licensing and M&A.
The role may also lead business divestiture activity and will have a high amount of input to the business strategy.
The position has no direct reports but will provide cross-functional leadership to teams assembled from around the company.
As Mallinckrodt operates out of 2-3 hubs, it is also important to be able to work internationally and across time zones.
It is a fast paced organization so anyone who is a self-starter and able to adapt to changing circumstances will do well.
The role is an end-to-end business development role starting from lead identification and generation, screening of targets and the development of full business cases for selected targets, leading of due-
diligence teams, sometimes acting as deal champion, to leading the negotiation and integration teams, and closing the deal.
The primary objective of this role will be to identify and evaluate products or companies for merger and / or acquisition for areas of unmet needs, in-
license drugs and technologies that fit with the company’s strategy and prepare and present analyses of these opportunities to the Board.
Key responsibilities of the role will include :
Working closely with the executive leadership to identify and execute M&A and licensing opportunities that support the company’s growth strategy.
Conducting the approaches to potential targets and establishing and building on relationships as appropriate.
Ensure that comprehensive due diligence is completed on compounds / organizations that are of potential interest.
Assist with of negotiation activity and oversight of the compilation of potential deal terms.
Presentation of potential deals to the executive leadership.
Overseeing of Confidential Disclosure Agreements and confidential presentations by potential partners.
Ensure that the company has knowledge of changes in technology, the marketplace and other factors that may influence business development and attainment of company strategy.
Establish mutually respectful relationships across the organization internally and externally with key leaders in the pharmaceuticals space.
Be seen as a credible addition to the organization and as an asset to the senior leadership team.
Be regarded as very well networked in the business development space in the generics and specialty pharma industry and able to open doors.
Gain a clear understanding of the organization’s strategy for growth and contribute to the formulation of such strategies.
Identify, lead and conduct authorized deals as well as look for key assets across established pharmaceutical competitors.
Displayed a high degree of confidence and gravitas to work in a highly visible role, ability to operate at the most senior levels of any organization with a high degree of accountability and responsibility.
Work seamlessly with the internal teams in portfolio management, product development, IP, regulatory and commercial.
Live the values of Mallinckrodt, possessing a strong work ethic but with a business edge and high degree of energy and strong ethics.
YEAR ONE CRITICAL SUCCESS FACTORS
This is a critical role in a highly focused and developing company. As such, the appointed candidate will be deemed to be successful upon completion of the following objectives in their first year :
Have developed a pipeline of deal ideas to be able to deliver 3-5 deals per year for the next 5 years in line with the company’s growth targets.
During the first year have delivered 2-3 deals
Developed strong working relationships across the multi-functional teams involved in BD&L activities in particular members of the Chief Science Officer’s team, peers and colleagues in Strategy and external consultants.
PROFESSIONAL EXPERIENCE / QUALIFICATIONS
Extensive experience in Business Development, M&A and Licensing activities including experience in the life sciences space from specialty pharmaceuticals, drug delivery or generics to big pharma, or strategic consulting.
He / she must be able to demonstrate a successful deal sheet where he / she has personally led significant deals, in M&A, in-
licensing and joint-ventures, to conclusion with transformation impact for the organization.
He / she should be well networked in the branded pharmaceutical space, consulting and investment community and be able to leverage existing relationships.
He / she should be able to contribute to overall business strategy.
Can demonstrate leadership of multi-functional teams; have worked in a matrix environment in a sizeable organization. Capable of working autonomously and demonstrating a significant impact on the organization.
Champion ideas and support others to achieve goals. It is essential that the appointed candidate appreciates the need to plan but also to deliver on goals and meet objectives.
A track record of attracting and maintaining talent to build high performance teams.
Strategic vision and the ability to think globally about the future of the business.
High on personal accountability and responsibility.
Decisive leader who can collate information and determine the course of action.
Strong financial acumen coupled with broader business awareness.
Strong project management skills, the ability to completely manage multiple projects and priorities in a timely fashion.
Understanding the Business
Knows the business and the mission-critical technical and functional skills needed to do the job; understands various types of business propositions and understands how businesses operate in general;
learns new methods and technologies easily. The R&D function works synergistically with the commercial organization and it is essential that he / she is totally aligned;
therefore an understanding of how business operates is essential.
Making Complex Decisions
Can solve even the toughest and most complex of problems; great at gleaning meaning from whatever data is available; is a quick study of the new and different;
adds personal wisdom and experience to come to the best conclusion and solution, given the situation; uses multiple problem-
solving tools and techniques.
Creating the New and Different
Is able to come up with the next great breakthrough thing to do; is creative, a visionary, and can manage innovation; is an effective strategist full of ideas and possibilities;
sees multiple futures; has broad interests and knowledge; can both create and bring exciting ideas to market; comfortable speculating about alternative futures without all of the data.
Able to harness the creativity of the team and encourage and build a culture of innovation across the region.
Keeping on Point
Can quickly separate the mission-critical from the nice to dos and the trivial; quickly senses what's the next most useful thing to work on;
focuses on the critical few tasks that really add value and puts aside or delays the rest.
Is well organized, resourceful, and effective and efficient at marshalling multiple resources to get things done; lays out tasks in sufficient detail to mark the trail;
is able to get things done with less and in less time; can work on multiple tasks at once without losing track; foresees and plans around obstacles.
Getting Work Done Through Others
Manages people well; gets the most and best out of the people he / she has; sets and communicates guiding goals; measures accomplishments, holds people accountable, and gives useful feedback;
delegates and develops; keeps people informed; provides coaching for today and for the future.
Is skilled at getting individuals, teams, and an entire organization to perform at a higher level and to embrace change;
negotiates skillfully to achieve a fair outcome or promote a common cause; communicates a compelling vision and is committed to what needs to be done;
inspires others; builds motivated, high-performing teams; understands what motivates different people.
An undergraduate degree in the natural sciences; a Graduate Degree (MD, PhD, MS and MBA or JD) is preferred.