As the Director of Business Development you will be responsible for supporting the generics and biosimilars businesses of Teva globally, with focus on Teva's US business, through pursuing and execution of generic and biosimilar pharmaceutical products’ licensing-in and co-development projects, to complement Teva's broad product portfolio, and other business development activities. Your role will also include pursuing and executing projects aimed at optimizing Teva’s portfolio, also through product acquisitions, divestments, and co-marketing.
The position includes identifying and evaluating products' licensing and other business development opportunities, identifying and building relationships with potentially strategic partners for implementing business development projects, leading due diligence and negotiations procedures and coordinating such activities with relevant functions within Teva to deal finalization.
You will contribute to Teva’s growth, primarily in the US market, through expanding Teva’s network of potential business development partners and increasing the number of opportunities brought to assessment of senior management, by initiating discussions with companies you have engaged with in the past and strengthening the relationships with companies Teva currently works with.
This position will be based hybrid in the Parsippany, NJ office 3 days a week.
Will consider visa sponsorhip for the right candidate.
How you’ll spend your day Apply pharmacy knowledge and training to manage, coordinate, and execute licensing and business development agreements involving generic and biosimilar pharmaceuticals, with a focus on evaluating clinical relevance, therapeutic classification, and patient treatment pathways. Lead due diligence activities requiring pharmacist-level expertise, including review of drug monographs, pharmacokinetic profiles, bioequivalence data, safety information, and compliance with FDA and international regulatory frameworks (e.g., ANDA, EMA). Assess and advise on drug product opportunities by analyzing formulation strategies, therapeutic use, dosage forms, and substitution potential, ensuring that new products align with standards for clinical efficacy and pharmacy practice. Contribute to scientific evaluation and commercial strategy using knowledge of drug interactions, adverse effects, labeling standards, and quality assurance—core areas of pharmacist expertise critical to business development decisions. Serve as pharmacy subject matter expert in business development negotiations and internal strategic meetings, guiding stakeholders on issues of therapeutic equivalence, pharmacovigilance requirements, and patient-centered product positioning. Collaborate cross-functionally with Teva’s regulatory, R&D, medical, and commercial teams to integrate pharmacist-level input on drug safety, efficacy, labeling, and lifecycle planning for new and existing products. Provide pharmacist-based insight in evaluating market access strategies and formulary inclusion potential, based on clinical guidelines, standard of care considerations, and cost-effectiveness from a patient and provider perspective. Support the expansion of Teva’s U.S. generics portfolio by identifying product candidates and development partnerships that meet unmet therapeutic needs, reduce treatment cost burden, and comply with clinical pharmacy practice expectations.
The offered role of Senior Director Business Development – Generics, requires the application of a professional degree in Pharmacy, or a related field, to assist Teva in the assessment, evaluation, and strategic development of pharmaceutical products. The position involves use of clinical pharmacology knowledge, including therapeutic classification, dosage forms, bioequivalence, and regulatory pathways (e.g., ANDA) to support business development decisions involving generic and biosimilar drugs. The candidate’s expertise in drug interactions, labeling, safety, and therapeutic efficacy is essential to evaluating new products and partnerships. As such, this role draws directly on core competencies gained through pharmacy education and practice.
Your experience and qualifications Bachelor’s degree in Business, Law or Life Sciences is required. Master’s degree or a higher level degree is preferred Minimum 10 years of experience in pharmaceutical industry, including at least 7 years' experience in US licensing/BD, procurement or alliance management Excellent negotiation and communication skills and ability to present information in clear concise manner Strong relationship-building skills, able to influence internal and external stakeholders. This individual will be highly visible at all levels of the organization and must be able to build trust and credibility Understanding of the requirements for bringing a pharmaceutical product to market, including the principles of product development, registration, and launch preparations Project management and leadership skills, including ability to lead cross-functional teams, spread across different geographies Ability to analyze and evaluate commercial offers, product features and risks Ability to support department goals, track, and report execution progress Proactive and collaborative, working with key stakeholders internally and externally Techniques to work effectively under pressure, meet deadlines, and adjust to changing priorities. Interpreting and administering policies and procedures sufficient to administer, discuss, resolve, and explain them to staff and other constituencies Strong written and communication skills, including presentation skills Substantive experience in Word, Excel, and PowerPoint
Ability to travel up to 30% of the time when needed
Compensation DataThe annual starting salary for this position is between $200,000 – $262,000 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
Enjoy a more rewarding choiceWe offer a competitive benefits package, including:
Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls. Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan. Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays. Life and Disability Protection: Company paid Life and Disability insurance. Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
The total compensation may also include restricted stock units and discretionary awards, depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
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