Chief of Staff, Formation Bio
Special Projects
$194-260k
Salary dependent on location. Plus equity
More information about location
End-to-end medical trial solutions
Open for applications
End-to-end medical trial solutions
101-200 employees
Open for applications
$194-260k
Salary dependent on location. Plus equity
More information about location
101-200 employees
Company mission
To bring new treatments to patients faster and more efficiently.
Role
Who you are
- Ideal candidates are strategic, proactive, highly organized, detail-oriented, and capable of navigating ambiguity
- Degree in business, life sciences, biotechnology, or a related field required; MBA or Master’s preferred
- Minimum of 8 years of experience in biotechnology, life sciences, business development, or fund management
- Experience forming and managing complex partnerships, with strong leadership skills and strategic initiative management
- Understanding of AI and curiosity about its impact on the pharma industry
- Excellent communication, negotiation, and interpersonal skills, with cross-functional collaboration experience
- Advanced ability in creating decks for meetings and conveying complex scientific and business concepts effectively
- Strong project management and budgeting skills, with the ability to engage stakeholders and manage resources
- Kind, thoughtful, and mission-driven, passionate about bringing medical treatments to patients faster
- Curious, adaptable, and able to navigate ambiguity while shifting between priorities in a dynamic environment
- Be available for touch bases and urgent communications with our CEO as needed, including on weekends
- Travel as required, potentially with short notice, to support company priorities, including client meetings, strategic initiatives, or other business-critical events
What the job involves
- As Chief of Staff, Special Projects you will report to our CEO & Co-Founder, Benjamine Liu, and work closely with the Leadership Team to drive strategic initiatives and oversee special projects that shape the company’s direction
- This entrepreneurial role offers the opportunity to have a meaningful impact on Formation Bio’s long-term success by ensuring the seamless execution of high-impact initiatives that advance our mission to bring new treatments to patients faster and more efficiently
- You will serve as a trusted partner to the CEO, acting as a force-multiplier by managing company priorities, supporting strategy development, and coordinating cross-functional collaboration
- Your focus will be on overseeing special projects from conception through execution, while ensuring alignment across teams and maintaining strong relationships with external stakeholders, including investors, advisors, and high-profile leaders
- Lead strategic projects from conception to execution, collaborating with internal leadership and external partners to ensure project success
- Identify, engage, build and manage relationships with external partners to keep projects on track and maintain stakeholder engagement
- Oversee internal project management by engaging stakeholders, defining scopes, managing deliverables, and ensuring timely execution of next steps
- Partner with Legal and external counsel to negotiate agreements and establish partnerships with individuals and organizations
- Partner with finance and other key stakeholders to develop and manage budgets related to ongoing projects
- Develop and track goals, success metrics, and reporting for ongoing projects, ensuring long-term value creation
- Create materials for high-level meetings with pharmaceutical executives, investors, and other stakeholders, using storytelling and visual communication to simplify complex concepts
- Support the CEO and Leadership Team by managing agendas, preparing materials, and ensuring execution of strategic priorities
- Use AI to enhance project workflows, optimize outcomes, and drive efficiencies
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
30% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jun 2024
$372m
SERIES D
Sep 2021
$156m
SERIES C
Total funding: $530.3m
Company HQ
Midtown South, New York, NY
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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