Director, Business Development & Licensing

Salt Lake City, Utah, United States
Jun 01, 2021
Required Education
Bachelors Degree
Position Type
Full time

Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, data science and engineering to radically improve the lives of patients and industrialize drug discovery. Our team is working to solve some of the hardest, most meaningful problems facing human health today. Come join us in our mission to decode biology to radically improve lives, while doing the most impactful work of your life.

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, restricted stock unit (RSUs) and employee stock purchase plan (ESPP) programs
  • 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** 
  • Monthly fitness/wellness stipend 
  • 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

**United States based employees

More About Us 

Recursion is a clinical-stage biotechnology company decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering, with the goal of radically improving the lives of patients and industrializing drug discovery. Central to our mission is the Recursion Operating System, or Recursion OS, that combines an advanced infrastructure layer to generate what we believe is one of the world’s largest and fastest-growing proprietary biological and chemical datasets and the Recursion Map, a suite of custom software, algorithms, and machine learning tools that we use to explore foundational biology unconstrained by human bias and navigate to new biological insights which may accelerate our programs. We are a biotechnology company scaling more like a technology company. Recursion is proudly headquartered in Salt Lake City. 

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Recursion is an Equal Opportunity Employer that values diversity and inclusion.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other characteristic protected under applicable federal, state, local, or provincial human rights legislation.