Lead Product Manager, Formation Bio
$180-240k
+ Equity
End-to-end medical trial solutions
Open for applications
End-to-end medical trial solutions
101-200 employees
Open for applications
$180-240k
+ Equity
101-200 employees
Company mission
To bring new treatments to patients faster and more efficiently.
Role
Who you are
- You’ve got 5+ years of product management experience, including building new and/or experimental products
- You are a quick learner with a deep intellectual curiosity
- 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
- You thrive working with uncertainty and ambiguity–you know how to test hypotheses quickly, drive prioritization, and execute on action plans that solve problems from top-level strategic goals down to in-the-weeds operational details
- You’re the type of PM 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 either have experience developing solutions for internal 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 a Lead Product Manager, you will help execute on our tech strategy through 0-to-1 product conceptualization, rigorous research and experimentation, and iterative development of new products
- You will interview, shadow, and collaborate with colleagues throughout the company, including our Medical/R&D, Biometrics, Clinical Program Management, and Clinical Operations teams to help identify solutions to their unique challenges
- There won’t be established precedents for much of what you work on, but you will see that as an opportunity to innovate!
- Product Management at Formation Bio is very solutions-oriented and entrepreneurial
- While building in-house products is a core competency, it is by no means a boundary–you should expect to influence process, help develop non-technical solutions, and know when it’s appropriate to license 3rd party software to solve problems
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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