Director of Product Design, Formation Bio
$211-265k
+ Equity
End-to-end medical trial solutions
Be an early applicant
End-to-end medical trial solutions
101-200 employees
Be an early applicant
$211-265k
+ Equity
101-200 employees
Company mission
To bring new treatments to patients faster and more efficiently.
Role
Who you are
- You have 7+ years of experience in design/product roles, including 4+ years in roles driving product/business strategy decisions
- You have a proven track record of partnering with technical stakeholders/users to turn complex ideas into realistic products, especially in innovative product development settings
- You are a quick learner with a deep intellectual curiosity, including demonstrated ability to thrive in ambiguous and rapidly-changing environments
- Your interests and passions aren’t limited to the products you build: you’re just as interested in the adjacent processes, the people and teams involved, and accomplishing the company’s objectives
- You are following the rapid evolution of LLMs and other AI solutions and have thoughts and opinions on how this will impact the future of product development and user experiences
- You’re the type of design leader who will roll up your sleeves and do what it takes to make your product and team successful
- You have a track record of leading high-performing teams and shipping successful products from genesis to launch and beyond
- You have exceptional collaboration and communication skills to effectively engage and work with stakeholders from diverse disciplines, levels of seniority, and levels of technical expertise
- You have experience developing solutions for internal users/stakeholders, or at least a strong desire to do so
- You have pharmaceutical or life sciences industry experience or a deep interest in the space
What the job involves
- As Director, Product Design at Formation Bio, your primary focus will be translating business opportunities, user needs, and tech innovations into impactful design solutions that accelerate drug development
- You'll collaborate closely with cross-functional teams, including product managers, engineers, and drug development experts, to turn strategic vision into tangible product & user strategy
- Your ability to synthesize diverse inputs, from industry intelligence to business drivers to user research insights, will be crucial in shaping our product roadmap and driving innovation
- This position offers a unique opportunity to leverage your strategic design thinking to solve complex challenges in biotech, ultimately contributing to our mission of bringing life-saving treatments to patients faster and more efficiently
- Collaborate closely with Tech leadership on vision, strategy, and roadmaps that align with Formation Bio's overall mission and business objectives
- Drive the execution of the Product roadmap by working closely with internal cross-functional stakeholders and users
- Ensure that our Product priorities are rooted in a deep understanding of drug development decisionmaking and workflows, tech/AI opportunities, and industry dynamics
- Lead Product team in effective discovery and research to understand the complex drug development landscape, the role of humans and data in the process, and potential opportunities for tech/AI to transform the ways that development teams work
- Shape interactions, processes, and artifacts that validate assumptions and build alignment with partners and stakeholders
- Develop and implement best practices for Design productivity, quality, and cross-functional collaboration
- Lead the Product Design team in delivering high-impact, high-quality products
- Manage and develop the careers of a team of Product Designers
- Foster a culture of collaboration and continuous improvement among the Design team and its core partners (Product Management and Engineering, as well as scientific, data, and operational stakeholders)
Our take
Clinical drug trials are lengthy and expensive, delaying the supply of vital new drugs to patients and costing lives. For Formation Bio, this is an efficiency issue - one which it hopes to solve with its end-to-end automation solution.
According to the company, its approach has teams running medical trials twice as fast and at half the cost. It's worked so well, in fact, that Formation Bio is looking to take drug development in-house.
Now a Unicorn, the company has secured heavyweights like Pfizer, Sanofi, Novartis and 23andMe as partners. Precisely how it will fare in the Big Pharma ecosystem remains to be seen, but the promise of cheaper drugs and faster innovation is certainly causing a stir in a market that has historically been resistant to both.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Jun 2024
$372m
SERIES D
Sep 2021
$156m
SERIES C
Total funding: $530.3m
Company values
- Think in first principles
- Be a scientist
- Deliver care
- Champion the mission
Company HQ
Midtown South, New York, NY
Articles
Leadership
Benjamine Liu
(CEO)Worked as a computational biologist at various Neurology departments, following a D.Phil in computational Biology and Psychiatry at Oxford. They are also an Advisor at Harvard Business School.
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