Hackensack Meridian Health
Director, Life Science Commercialization
Hackensack Meridian Health, Edison, New Jersey, us, 08818
Overview
The
Director, Life Science Commercialization
is a pivotal role that provides leadership in the development and execution of commercialization strategies for life science based technology and solutions. Reporting to the VP, Chief Innovation and Commercialization Officer, this role is expected to primarily support the Center for Discovery and Innovation on behalf of the Office of Innovation and Commercialization in an effort to maximize the commercialization of intellectual property in the pursuit of tangible revenue streams. This role will be responsible for developing business opportunities for emerging and existing inventions in collaboration with the leadership of Center of Discovery and Innovation as well as HMHRI as appropriate. The role will require collaboration with internal stakeholders such as Finance, Legal, and Strategy, as well as others as needed.The
Center for Discovery and Innovation (CDI)
was established by
Hackensack Meridian Health (HMH)
as an academic basic and translational research enterprise to rapidly translate science innovation to the clinic and to improve outcomes for patients with cancer, infectious diseases, autoimmune disease and other acute and chronic diseases. The CDI has grown rapidly since its origins in 2019, and now has 32 labs, 190 scientists and allied personnel supported by 60 NIH grants and more than 30 other grants and contracts. Areas of expertise include genomics, epigenetics, drug resistance, stem cell biology, drug discovery, diagnostics and biomarker development, and pharmacology.This position will offer a hybrid schedule; will be a combination of on site work in Nutley, NJ, various client meetings throughout NJ, and remote work.
Responsibilities
A day in the life of a
Director, Life Science Commercialization
at
Hackensack Meridian
Health
includes:Foster strong relationships with internal researchers, industry partners, and external collaborators.Define and communicate market trends for value creation in life sciences and how those trends inform the ongoing evaluation of the strategic commercialization plan.Collaborate with the executive leadership to assess opportunities to create commercial strategies for developing inventions and assist in developing commercialization plans to realize new sources of revenue.Negotiate and finalize mutually beneficial licensing agreements with industry partners.Facilitate the creation and management of spinout companies based on institute research.Collaborate with internal and external stakeholders to provide strategic guidance for company formation and growth.Lead negotiations for equity stakes, licensing agreements and partnerships with spinout companies.Develop and sustain effective trusted relationships and partnerships with key partners to provide relevant insights, expertise and advice.Manage reporting and communication regarding commercialization for internal and external reporting.Understand the life sciences industry needs and market trends to facilitate convergence of assets and the commercial market.Work with the Office of Innovation and Commercialization and Finance to perform business analysis and prepare recommendations and business plans as needed.Identify, screen and evaluate new opportunities to commercialize intellectual property in collaboration with the researchers as appropriate.Participate in portfolio planning, policy development and communication strategies around projects and their associated reporting. Participate in training, activation and optimization activities in this area.Participate in strategic and budgetary planning processes; provide recommendations on desired policies and goals and implement new/revised programs according to established guidelines.Document, create and publish relevant commercialization reports to key internal stakeholders and customer group(s) at regular intervals.Provide effective direction, guidance and leadership, often through influence, for assigned team members and teams, fostering the effective integration of efforts with system-wide innovation and commercialization initiatives.Other duties and/or projects as assigned.Adhere to HMH Organizational competencies and standards of behavior.
Qualifications
Education, Knowledge, Skills and Abilities Required :Advanced degree in relevant field (Ph.D., J.D., M.B.A., or equivalent).Minimum of 8 years of experience in technology commercialization of life science technology.Possess strong analytical skills, including an understanding of business economics and financial resources.Ability to understand organizational goals and align commercialization strategies for life science inventions.Strong ability to manage complex commercial relationships from conception to commercial results (implementation, achievement of milestones and organizational objectives).Patient and effective communication skills to understand technology needs of researchers, administrators, and executives. Build trusted advisor relationships.Demonstrated experience working within complex and evolving legal and financial structures.Excellent communication, negotiation and interpersonal skills.Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.Education, Knowledge, Skills and Abilities Preferred :Experience with academic and clinical research operations.If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
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The
Director, Life Science Commercialization
is a pivotal role that provides leadership in the development and execution of commercialization strategies for life science based technology and solutions. Reporting to the VP, Chief Innovation and Commercialization Officer, this role is expected to primarily support the Center for Discovery and Innovation on behalf of the Office of Innovation and Commercialization in an effort to maximize the commercialization of intellectual property in the pursuit of tangible revenue streams. This role will be responsible for developing business opportunities for emerging and existing inventions in collaboration with the leadership of Center of Discovery and Innovation as well as HMHRI as appropriate. The role will require collaboration with internal stakeholders such as Finance, Legal, and Strategy, as well as others as needed.The
Center for Discovery and Innovation (CDI)
was established by
Hackensack Meridian Health (HMH)
as an academic basic and translational research enterprise to rapidly translate science innovation to the clinic and to improve outcomes for patients with cancer, infectious diseases, autoimmune disease and other acute and chronic diseases. The CDI has grown rapidly since its origins in 2019, and now has 32 labs, 190 scientists and allied personnel supported by 60 NIH grants and more than 30 other grants and contracts. Areas of expertise include genomics, epigenetics, drug resistance, stem cell biology, drug discovery, diagnostics and biomarker development, and pharmacology.This position will offer a hybrid schedule; will be a combination of on site work in Nutley, NJ, various client meetings throughout NJ, and remote work.
Responsibilities
A day in the life of a
Director, Life Science Commercialization
at
Hackensack Meridian
Health
includes:Foster strong relationships with internal researchers, industry partners, and external collaborators.Define and communicate market trends for value creation in life sciences and how those trends inform the ongoing evaluation of the strategic commercialization plan.Collaborate with the executive leadership to assess opportunities to create commercial strategies for developing inventions and assist in developing commercialization plans to realize new sources of revenue.Negotiate and finalize mutually beneficial licensing agreements with industry partners.Facilitate the creation and management of spinout companies based on institute research.Collaborate with internal and external stakeholders to provide strategic guidance for company formation and growth.Lead negotiations for equity stakes, licensing agreements and partnerships with spinout companies.Develop and sustain effective trusted relationships and partnerships with key partners to provide relevant insights, expertise and advice.Manage reporting and communication regarding commercialization for internal and external reporting.Understand the life sciences industry needs and market trends to facilitate convergence of assets and the commercial market.Work with the Office of Innovation and Commercialization and Finance to perform business analysis and prepare recommendations and business plans as needed.Identify, screen and evaluate new opportunities to commercialize intellectual property in collaboration with the researchers as appropriate.Participate in portfolio planning, policy development and communication strategies around projects and their associated reporting. Participate in training, activation and optimization activities in this area.Participate in strategic and budgetary planning processes; provide recommendations on desired policies and goals and implement new/revised programs according to established guidelines.Document, create and publish relevant commercialization reports to key internal stakeholders and customer group(s) at regular intervals.Provide effective direction, guidance and leadership, often through influence, for assigned team members and teams, fostering the effective integration of efforts with system-wide innovation and commercialization initiatives.Other duties and/or projects as assigned.Adhere to HMH Organizational competencies and standards of behavior.
Qualifications
Education, Knowledge, Skills and Abilities Required :Advanced degree in relevant field (Ph.D., J.D., M.B.A., or equivalent).Minimum of 8 years of experience in technology commercialization of life science technology.Possess strong analytical skills, including an understanding of business economics and financial resources.Ability to understand organizational goals and align commercialization strategies for life science inventions.Strong ability to manage complex commercial relationships from conception to commercial results (implementation, achievement of milestones and organizational objectives).Patient and effective communication skills to understand technology needs of researchers, administrators, and executives. Build trusted advisor relationships.Demonstrated experience working within complex and evolving legal and financial structures.Excellent communication, negotiation and interpersonal skills.Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.Education, Knowledge, Skills and Abilities Preferred :Experience with academic and clinical research operations.If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
#J-18808-Ljbffr