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Senior Director/Director of New Product Strategy and Commercialization

Company Description

Bicycle Therapeutics is a clinical-stage biopharmaceutical company developing a novel class of medicines, referred to as Bicycle® molecules, for diseases that are underserved by existing therapeutics. Bicycle molecules are fully synthetic short peptides constrained with small molecule scaffolds to form two loops that stabilize their structural geometry. This constraint facilitates target binding with high affinity and selectivity, making Bicycle molecules attractive candidates for drug development. The company is evaluating zelenectide pevedotin (previously BT8009), a Bicycle® Toxin Conjugate (BTC®) targeting Nectin-4, a well-validated tumor antigen; BT5528, a BTC targeting EphA2, a historically undruggable target; and BT7480, a Bicycle Tumor-Targeted Immune Cell Agonist® (Bicycle TICA®) targeting Nectin-4 and agonizing CD137, in company-sponsored clinical trials. Additionally, the company is developing Bicycle® Radio Conjugates (BRC™) for radiopharmaceutical use and, through various partnerships, is exploring the use of Bicycle® technology to develop therapies for diseases beyond oncology. 

Bicycle Therapeutics is headquartered in Cambridge, UK, with many key functions and members of its leadership team located in Cambridge, Massachusetts.  

Culture is key and all Bicycle employees actively embrace and role model our company values:

  • We are Adventurous. We believe it’s the way to deliver extraordinary results for our patients.  
  • We are Dedicated to our Mission. You can’t change the world if you don’t have determination. 
  • We are One Team. We only succeed when we work together.

Job Description

The Senior Director/Director of New Product Strategy and Commercialization (NPSC) is responsible for shaping the Bicycle Therapeutics strategy and pipeline, as part of the New Product Strategy and Commercialization Team. You will play a key role in four critical areas: development of the early portfolio strategy and landscape assessment, commercial input on impact and life cycle potential of new products, commercial leadership across multiple cross-functional teams for products moving from pre-clinical stages through early clinical development, and oversight of corporate competitive intelligence efforts across the portfolio.

The NPSC leader will be expected to partner with all core functions (Research & Innovation, Investor Relations, Business Development, late-stage Commercial, Clinical Development, etc.) on the four critical areas. On an ongoing basis, you will represent their projects within internal governance meetings, planning and budget cycles. This role follows a hybrid work structure where employees can work remotely or from the office, as needed.

Key responsibilities:

  • Actively partner with cross-functional teams to provide strategic and commercial direction on pipeline planning and product development and ensure appropriate early commercial planning and execution
  • Develop the early commercial strategy for key assets, ensuring alignment corporate goals and strategy
  • Support development and execution of disease-area-strategy and ensure prioritization of internal and external growth opportunities in line with each disease-area-strategy
  • Direct integrated market analysis and competitive intelligence investigations to identify current and future trends within key targets and disease settings, various patient segments in multiple tumor types, and multiple modalities (immunotherapy, cytotoxic drug conjugates, and radioligand based therapies, etc.)
  • Understand and communicate requirements for regulatory approval (registration), access to market (pricing and reimbursement), and market differentiation required for the successful commercialization of new oncology products
  • Lead the identification of key value drivers and translate these into tangible value proposition elements and key decision criteria for commercial success
  • Translate key Insights from scientific experts (internal R&D colleagues + external opinion leaders) into clear, actionable strategies for the portfolio
  • Ensure early development strategy and activities in scope with NPP function are well coordinated
  • Support the team by providing commercial leadership within various internal governance forums
  • Work with R&I, Clinical Development, Portfolio Strategy, and later-stage Commercial colleagues to define and evolve disease areas/commercial areas of interest
  • Lead or provide input into revenue forecast development for new product assessments and early-stage assets
  • Anticipate and ensure smooth transition of all commercial deliverables and insights to the later-stage Commercial and Marketing team

Qualifications

  • Undergraduate degree in business or science or related discipline required, advanced terminal degree preferred (MBA, PhD, PharmD etc.)
  • At least 5 years of related experience in some combination of pharmaceutical marketing, new product planning, market access and/or strategy consulting
  • Significant experience in oncology is preferred, especially with solid tumours, and experience across a range of therapeutic modalities is a plus
  • Ability to develop and implement strategies based on trends and opportunities in the pharmaceutical industry and the overall health care environment
  • A strong business orientation and the ability to view issues from multiple functional perspectives
  • Strategic thinking and ability to effectively communicate the asset strategy to stakeholders of varied backgrounds and within deliverables for internal and external audiences
  • Strong analytical and organizational skills
  • Ability to engage credibly with internal and external stakeholders of varied levels of expertise around scientific topics
  • Experience working collaboratively and cross-functionally with brand marketing teams, market research, sales, market access, medical affairs, business development, regulatory, research & development, clinical, manufacturing, finance and legal
  • Excellent interpersonal, communication, and presentation skills with the ability to interface seamlessly with other parts of the organization

Additional Information

  • State-of-the-art campus environment with on campus restaurant and Montessori nursery
  • Flexible working environment
  • Competitive reward including annual company bonus 
  • Employee recognition schemes
  • 28 days annual leave in addition to bank holidays + option to buy up to 5 additional days annually
  • Employer contribution to pension (employee does not have to contribute) 
  • Life assurance cover 4x basic salary 
  • Private Medical Insurance, including optical and dental cover. 
  • Group income protection
  • Employee assistance program
  • Health Cash Plan
  • Access to company subsidized gym membership.
  • Eligibility for an option grant to subscribe to shares in Bicycle Therapeutics plc. 
  • Cycle to work scheme 

Bicycle Therapeutics is committed to building a diverse workforce that is representative of the communities we serve. We recognize that diverse and inclusive teams build a stronger and more innovative company. Therefore, all qualified applicants will be considered for employment, and we do not discriminate on the basis of race, religion, colour, gender, sexual orientation, age, disability status, marital status, or veteran status.

Average salary estimate

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What You Should Know About Senior Director/Director of New Product Strategy and Commercialization , Bicycle Therapeutics

Welcome to Bicycle Therapeutics, where we’re on a mission to develop innovative therapies for those most in need! We’re currently looking for a Senior Director/Director of New Product Strategy and Commercialization to join our passionate team in Cambridge, MA. In this role, you’ll be instrumental in shaping our product strategies and driving collaborations across our exciting pipeline. You’ll partner with cross-functional teams to create compelling early commercial strategies, ensuring our new products achieve their full life cycle potential. Your expertise in oncology and market dynamics will guide our approach to product development and market positioning. As the NPSC leader, you will conduct integrated market analyses and competitive intelligence efforts, assessing trends and identifying growth opportunities. Your work will directly contribute to our goal of delivering revolutionary treatments that change patients' lives. With a hybrid work model, you'll have the flexibility to balance your work environment in a state-of-the-art campus that embraces our adventurous spirit, dedication, and collaborative culture. Here, we value diversity and inclusion, and we believe that diverse teams drive innovative results. If you have a strategic mindset, strong analytical skills, and a passion for making a difference in healthcare, we would love for you to join our mission at Bicycle Therapeutics!

Frequently Asked Questions (FAQs) for Senior Director/Director of New Product Strategy and Commercialization Role at Bicycle Therapeutics
What are the key responsibilities for the Senior Director/Director of New Product Strategy and Commercialization at Bicycle Therapeutics?

The Senior Director/Director of New Product Strategy and Commercialization at Bicycle Therapeutics is tasked with shaping product strategy and overseeing pipeline development. Key responsibilities include collaborating with cross-functional teams on commercial direction, developing early strategies for key assets, conducting market analysis, and ensuring alignment with regulatory and market access requirements.

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What qualifications are required for the Senior Director/Director role at Bicycle Therapeutics?

For the Senior Director/Director of New Product Strategy and Commercialization position at Bicycle Therapeutics, candidates should have an undergraduate degree in business or science. An advanced degree such as an MBA, PhD, or PharmD is preferred. Additionally, at least 5 years of relevant experience in pharmaceutical marketing or strategy, especially in oncology, is required.

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How does collaboration work for the Senior Director role at Bicycle Therapeutics?

At Bicycle Therapeutics, collaboration is key for the Senior Director/Director of New Product Strategy and Commercialization. This role involves working closely with teams across Research & Innovation, Clinical Development, and other departments to align on product strategies, share insights, and ensure effective commercialization of new oncology products.

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What is the work environment like for the Senior Director/Director at Bicycle Therapeutics?

The work environment for the Senior Director/Director of New Product Strategy and Commercialization at Bicycle Therapeutics is hybrid, providing a mix of remote work and on-site presence in a modern campus equipped with amenities. The company promotes a culture of teamwork, flexibility, and acknowledges the importance of balancing work and personal life.

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What benefits are offered to the Senior Director/Director at Bicycle Therapeutics?

Bicycle Therapeutics offers a competitive rewards package for the Senior Director/Director of New Product Strategy and Commercialization, including an annual bonus, generous leave policies, pension contributions, and comprehensive health coverage. Additional benefits like subsidized gym memberships and recognition schemes are also available.

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Common Interview Questions for Senior Director/Director of New Product Strategy and Commercialization
Can you describe your experience in developing commercial strategies for oncology products?

When discussing your experience in developing commercial strategies for oncology products, focus on specific projects where you successfully created strategies that aligned with market needs. Highlight your analytical skills and give examples of how your insights influenced product development and positioning.

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What approach would you take to assess market opportunities for new pharmaceutical products?

To assess market opportunities for new pharmaceutical products, I would conduct comprehensive market analysis, review industry trends, and engage with key opinion leaders. Articulate how you combine quantitative data with qualitative insights to inform your decisions and strategy.

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How would you handle cross-functional collaboration challenges?

Handling cross-functional collaboration challenges requires open communication and fostering trust. Share an example where you facilitated productive discussions across teams, ensuring clarity of objectives, and how that led to successful project outcomes.

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What insights do you usually leverage when making decisions regarding new product development?

When making decisions about new product development, I leverage insights gained from market research, competitor analysis, and learnings from regulatory landscapes. Explain how incorporating diverse perspectives from various teams enriches the decision-making process.

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How do you prioritize tasks when managing multiple projects at once?

Prioritizing tasks in a multi-project environment involves assessing impact and aligning with strategic goals. Discuss how you use tools or frameworks to manage timelines and ensure that critical projects receive the necessary attention, adjusting as needed.

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What strategies do you utilize to ensure the successful commercialization of a new oncology product?

Successful commercialization of a new oncology product involves comprehensive market access planning, effective communication of value propositions, and proactive stakeholder engagement. Outline your strategies for aligning these elements from early development stages through launch.

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Can you share an example of a marketing strategy you developed that led to significant growth?

When sharing an example of a marketing strategy, focus on clear metrics of success such as increased market share or revenue growth. Describe the strategic components, implementation process, and the collaborative efforts that contributed to the outcome.

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What role do you believe competitive intelligence plays in product strategy?

Competitive intelligence is crucial for product strategy as it informs tactical decisions and helps identify market positioning. Discuss how you’ve integrated competitive insights into your strategic frameworks to guide successful product launches.

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How do you ensure compliance with regulatory and market access requirements during product development?

Ensuring compliance with regulatory and market access requirements requires constant engagement with regulatory teams and early involvement in strategy discussions. Describe your approach to integrating these considerations into the product development lifecycle.

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What methods do you use to communicate strategy to stakeholders of different expertise levels?

Communicating strategy effectively to stakeholders with varying expertise involves tailoring messaging to the audience. Discuss your methods for using both visual aids and detailed documentation to bridge knowledge gaps and ensure clarity of the strategic vision.

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Bicycle Therapeutics was founded in 2009. This company provides research and the manufacturing of pharmaceuticals for severe diseases. Their headquarters are located in Cambridgeshire, United Kingdom.

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Full-time, hybrid
DATE POSTED
January 11, 2025

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