Director, IP Counsel

As the Director, IP Counsel at Formation Bio, you will be responsible for developing and leading intellectual property strategies to maximize the value of both current and prospective assets. This includes conducting thorough due diligence for potential transactions, preparing assessments of the IP landscape, and managing global patent prosecution and trademark registrations.

To be considered for the Director, IP Counsel role at Formation Bio, you should possess a law degree from a top-tier law school and be licensed to practice or willing to take the New York State Bar. A minimum of 7 years of IP experience, particularly in due diligence and asset negotiations, is essential.

The Director, IP Counsel plays a vital role in enhancing Formation Bio's diligence efforts and driving successful negotiations in a competitive market. By developing proactive IP strategies, you'll be helping to ensure that our innovations reach patients more efficiently, aligning closely with our mission to revolutionize drug development.

At Formation Bio, you’ll be part of a dynamic and collaborative office culture that values innovation and teamwork. We prioritize in-person collaboration to foster a creative environment where diverse ideas can thrive, making it an exciting place to contribute to groundbreaking pharma advancements.

As the Director, IP Counsel at Formation Bio, you will receive excellent support from a dedicated team and have the autonomy to lead IP strategies. You will also manage external IP counsel, ensuring high-quality and cost-effective deliverables, allowing you to focus on critical asset negotiations.

When answering this question, highlight specific examples of your experience managing IP portfolios, including strategies you developed, challenges you faced, and successes you achieved. Emphasize your analytical skills and ability to leverage your portfolio to enhance the competitive position of your organization.

Describe a systematic approach you take to prioritize tasks, such as utilizing time management tools or frameworks like the Eisenhower Matrix. Provide an example where your skills helped meet deadlines and keep projects on track, showcasing your ability to thrive under pressure.

Discuss how you use AI tools to enhance IP strategy, focusing on efficiency and accuracy in due diligence processes. Share a specific instance where AI tools provided innovative solutions or insights that positively impacted your IP work.

Illustrate your due diligence process by outlining steps you take to evaluate potential partnerships. Focus on how your assessments have influenced decision-making and how you effectively communicate complex IP concepts to non-legal stakeholders.

Explain your approach to managing outside counsel by discussing how you set clear expectations, communicate effectively, and ensure quality outputs. Share a successful experience that demonstrates your skills in fostering productive relationships.

Articulate your understanding of the unique challenges in pharma IP and what contributes to successful strategy development. Mention the importance of aligning strategies with business objectives and staying ahead in a rapidly evolving market.

Provide details on a complex negotiation you led, focusing on your preparation, strategies employed, and the outcomes. Highlight your negotiation skills, thorough understanding of the IP landscape, and ability to advocate effectively.

Discuss the methods you use to stay informed about IP law changes, whether through attending conferences, webinars, or reading industry publications. Show your commitment to continuous learning and how this impacts your role at Formation Bio.

Share specific challenges you've encountered in IP management and how you tackled them. Focus on your problem-solving skills and your ability to turn obstacles into learning or growth opportunities.

Express your passion for the intersection of technology, AI, and pharmaceuticals, along with your desire to make a significant impact in the industry. Align your personal values and professional goals with Formation Bio's mission and vision, demonstrating your enthusiasm for contributing to their team.