Director, Business Development and Licensing

Location
Salt Lake City, UT
Salary
highly competitive salary with industry leading benefits package!
Posted
Nov 03, 2020
Required Education
Other
Position Type
Full time

Recursion is a digital biology company industrializing drug discovery. Our approach is changing the game and pioneering a new future in our industry. We are working to solve some of the hardest, most meaningful problems facing human health today. 

The Impact You’ll Make

  • Support internal teams with identifying and prioritizing in-licensing candidates across diverse therapeutic areas based on novel insight from the drug discovery platform
  • Initiate outreach to business development and licensing counterparts at biopharma, biotech and academic institutions and build enduring relationships on behalf of Recursion
  • Orchestrate due diligence of prospective in-licensing opportunities, with cross-functional engagement from biology, chemistry, CMC, safety, clinical development, legal/IP, commercial, and data science
  • Draft transaction term sheets and licensing agreements consistent with Recursion’s objectives and overall mission
  • Negotiate and lead transaction discussions consistent with Recursion’s values of boldness and integrity
  • Enable smooth onboarding of in-licensed programs and seamless transition to internal teams
  • Monitor and track compliance with financial and non-financial obligations, and amend or extend contracts as needed
  • Help design and execution of downstream monetization activities (e.g. out-licensing, spin-outs, asset sales) to maximize value from Recursion’s clinical stage portfolio

The Team You’ll Join 

As Director of Licensing, you will be an essential member of the Recursion Development Team reporting to the VP of Business Development and Corporate Initiatives.  The Development Team is an empowered, execution-minded group of business development and clinical development professionals responsible for accelerating Recursion’s early discovery leads into a clinical stage pipeline through licensing and partnerships.  In your role, you will work with colleagues across the Recursion organization (e.g. Biology, Chemistry, Clinical, Safety) to thoroughly diligence in-licensing candidates and rapidly execute licensing transactions.  You will need self-initiative, a collaborative mindset, and the ability to transparently communicate with organization team members at all levels.

The Experience You’ll Need

  • BS/BA in life sciences (biology, chemistry, pharmacy, medical)
  • Advanced degree (JD, MBA, PhD, PharmD) strongly preferred
  • 8+ years of biotechnology or pharmaceutical industry experience, preferably with strong R&D experience
  • 5+ years of experience in business development and licensing, with a diverse history of successful transactions
  • Knowledge the drug development process, from early discovery research through development and commercialization stages
  • A talent for building consensus
  • Proven ability to manage multiple projects efficiently with a high degree of independence
  • Strong networking and negotiation skills
  • Able to thrive in a complex, cross-functional and science-driven environment

The Benefits/Perks You’ll Enjoy

  • 100% Coverage of health, vision, and dental insurance premiums 
  • 401(k) with generous matching (immediate vesting)
  • Stock option grants
  • Two one-week paid company closures (summer and winter) 
  • Flexible vacation/sick leave
  • Generous paid parental leave (including adoptive)
  • Onsite daycare facility*
  • Commuter benefit and vehicle parking to ease your commute* 
  • Complimentary chef-prepared lunches and well-stocked snack bars* 
  • Fully-paid gym membership to Metro Fitness, located just feet away from our headquarters* 
  • One-of-a-kind 100,000 square foot headquarters complete with a 70-foot climbing wall, showers, lockers, and bike parking*

*Subject to change for remote-based employees during the COVID-19 pandemic

More About Us 

Recursion is a digital biology company industrializing drug discovery. Recursion does this by combining automation, artificial intelligence, machine learning, in vivo validation capabilities and a highly cross-functional team to discover novel medicines that expand our collective understanding of biology. Recursion’s rich, relatable database of over 4 petabytes of biological images generated in-house on the company’s robotics platform enables advanced machine learning approaches to reveal drug candidates, mechanisms of action, novel chemistry, and potential toxicity, with the eventual goal of decoding biology and advancing new therapeutics that radically improve people’s lives. Recursion is proudly headquartered in Salt Lake City.

 

WE EMBRACE ALL CANDIDATES.  At Recursion, we care about creating a diverse environment to support innovation and to deliver on our mission of developing impactful medicines for patients.  We are committed to bringing together all minds, backgrounds and experiences and in cultivating an inclusive environment in which employees can thrive, learn and grow together.  To that end, we are an equal opportunity employer and we comply with all applicable federal, state and local fair employment practices laws.  We strictly prohibit and do not tolerate discrimination against applicants based on race, color, national origin, religion, creed, age, sex, sexual orientation, pregnancy, gender, gender identity or expression, physical or mental disabilities or differences, neurodiversity, genetic disposition, veteran status, or any other protected category under federal, state or local law.  We work to recognize and remove bias in recruiting, employing, developing, retaining and investing in our employees from all backgrounds and we feel that diverse voices are critical to our success.  This is how we act as One Recursion.