VP, External Scientific Innovation Transactions

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com

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Job Description:

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Pharmaceuticals and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

The Johnson & Johnson Credo

Our Credo was created by J&J Chairman Robert Wood Johnson in 1943, well before the concept of corporate social responsibility had been established. The driving force behind Johnson & Johnson is that our current business strategy is rooted in the four principles of the original J&J Credo. Robert Wood Johnson believed that “the Credo is more than just a moral compass – it is a recipe for business success.”

First and foremost, J&J serves patients and medical professionals by providing high quality, reasonably priced products, and services. We are also always conscious of our obligations to both our employees and the communities we serve. Our final responsibility is to deliver fair profits to our stockholders by remaining innovative as well as fiscally sound. Please click here for the J&J Credo.

External Scientific Innovation & the Integration into Innovative Medicines R&D (IM R&D)

With the integration of External Scientific Innovation (formerly Johnson & Johnson Innovation) into Innovative Medicines R&D, we optimized our business operating model and ways of working to accelerate our early pipeline as we move towards a Therapeutic Area (TA)-centric approach that will improve execution as one global team. We have established search and evaluation functions dedicated to regional sourcing, and a dedicated transactions team with a regionally deployed team of transactors to execute on our early stage deal priorities on a global basis. The Global Head of Transactions will serve as the global head of the transactions team focused on executing deals prioritized for the early stage pipeline from discovery stage through Phase 1 in strong partnership with R&D (TAs and DPDS), JJDC and BD.

ROLE OVERVIEW:

Johnson & Johnson is recruiting for a Global Head of External Scientific Innovation Transactions role to be located in one of our major global hubs with a strong preference to be based in the U.S.

Please note that this role is available across multiple countries and may be posted under different requisition numbers to comply with local requirements. While you are welcome to apply to any or all of the postings, we recommend focusing on the specific country(s) that align with your preferred location(s):

US - R-018458

Belgium - R-026741

Switzerland - R-026742

Remember, whether you apply to one or all of these requisition numbers, your applications will be considered as a single submission. We are searching for the best talent for VP, External Scientific Innovation Transactions.

The Global Head of Transactions will be responsible for leading a team that evaluates, advances and executes value-creating transactions for prioritized early stage pipeline from discovery stage through Phase 1. This leader will have strategic oversight for a global team of transactors and will direct the business case development, negotiations, financing and communications to senior management to execute transactions. This leader will maintain a prioritized deal in alignment with R&D priorities and prepare the Global Head of External Scientific Innovation for portfolio committee meetings and other governance meetings. The Global Head of Transactions will be responsible for the overall quality of deal flow and recommendations globally.

RESPONSIBILITIES:

• Partner with the Global Head of Scientific External Innovation and the Regional ESI Heads to manage a prioritized TA-centric and global deal pipeline
• Define, shape and manage global governance review process for early stage deals
• Provide deal briefs to Global Head of Scientific External Innovation to prepare for upcoming portfolio committee meetings and senior leaders to support governance reviews
• Establish strong deal narratives grounded in strategic benefit and rationale for early stage partnerships, including clear go/no-go criteria to enable iterative, collaborative risk-mitigation
  • Evaluate critical assumptions, risks, and opportunities to determine organizational impact.
  • Direct teams to make go- or no-go decisions in a timely manner and based on available data.
• Direct the development of business cases for new early-stage partnerships and deals
  • Develop procedures to ensure the quality of the due diligence process, deal structure and terms, benchmarking of financial terms, and communicate to Johnson & Johnson management and stakeholders in a balanced and transparent manner.
• Support the transactions team in the negotiation, structuring, and closing on collaborations, licenses and asset acquisitions from discovery stage through the end of Phase 1 (taking a lead role, as necessary)
• Attend key conferences and external events representing Johnson & Johnson’s voice on early stage transactions and partnerships, positioning and reflecting the company as the partner of choice externally
• Develop and lead a consistently high performing global transactions team
  • Establish competencies, team values, and culture norms to enable rigorous, value-creating deal-making (operational excellence, sense of urgency, and training skills building across talent levels)
  • Actively manage talent pipeline and succession planning, scouting talent both internally and in the external environment

EDUCATION AND EXPERIENCE

Education:

• Advanced degree (PhD, MBA, Masters) is required.
• 15+ years leadership experience in the biotech and/or pharmaceutical R&D environment and 12 years of experience in early stage transactions, licensing, asset acquisitions. Additional experience in business development, venture capital and M&A preferred.

Experience and Skills:

• Established track record of successful complex, strategic and diverse transactions (e.g., early stage, licensing, M&A, asset acquisition, etc.)
• Experienced working in a matrix environment as well as leading and leveraging the matrix.
• Demonstrated ability to work independently as well as in highly integrated diligence and deal cross functional teams.
• Ability to take personal accountability for a project and decisions in a timely manner; able to appropriately articulate and balance tradeoffs in areas of high complexity.
• Deep financial acumen skills with a strong understanding of the drug development process.
• Exceptional communication skills for stakeholder management, negotiation and presentations.
• Well-developed influencing skills and ability to navigate and lead others that have differences of opinion through complex and difficult decision-making processes.
• Seeking characteristics aligned with the J&J Leadership Imperatives:
  • Establishes and maintains strong relationships with key external and internal stakeholders to attain business results.
  • Motivates, inspires, and influences others across the organization and enterprise to achieve results
  • Takes ownership for Talent Development and creating a culture centred on Our Credo Values
  • Develops, coaches, and engages talent, and ensures diverse bench strength for the future.

Johnson & Johnson is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against based on disability. For more information on how we support the whole health of our employees throughout their wellness, career and life journey, please visit www.careers.jnj.com.