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Business Development Manager

Lavipharm is seeking a Business Development Manager who will be responsible for pursuing and effectively executing Business Development activities through identifying, qualifying and securing suitable business opportunities. The role will be reporting to the Business Development & Acquisitions Director.

Job Responsibilities

  • Builds deep knowledge on the company’s technologies as well as on current and future product portfolio
  • Is able to introduce the company, its technologies, products and expertise to third parties for the purposes of attracting interest and creating the grounds for new business opportunities
  • Supports Business Development activities, with focus on in-licensing
  • Identifies, supports, and coordinates qualification of new sources of products and technologies
  • Gathers market intelligence to understand products under evaluation, runs searches through numerous sources including available data platforms
  • Screens product opportunities according to company strategy to identify, pursue and generate new possible business opportunities
  • Establishes close relationship with, and manages/grows pool of potential vendors to identify and filter opportunities, as per the company’s needs
  • Communicates with other departments to align on relevant requirements
  • Utilizes critical thinking and analytical skills to evaluate and compare offerings to maximize company’s profit and growth
  • Prepares commercial proposals/offers to third parties for cooperation/partnership
  • Prepares and presents outcome and proposal/recommendation in a manner that enables company to make the necessary decisions
  • Contributes to the creation, review and execution of the relevant commercial agreements
  • Monitors progress as per pre-determined timelines, and continuously updates database of products/projects under evaluation
  • Bachelor of Science (BSc) Degree in business, marketing, healthcare or related field of study
  • Master of Science (MSc) Degree
  • At least 4 years of experience in Business Development
  • Excellent knowledge of the English language
  • Computer Literacy
  • Excellent oral and written communication skills
  • Ability to build and maintain strong client relationships
  • Self-motivated and able to work independently and within teams
  • Strong industry network

 

If you are ready to embark into challenging endeavors, be exposed to continuous learning opportunities, you are interested in the above position and only if you have the required qualifications, please reply, enclosing your curriculum vitae.

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What You Should Know About Business Development Manager, Lavipharm

Lavipharm is on the lookout for a dynamic Business Development Manager who’s ready to take on exciting challenges and help steer the company's growth. In this role, you'll dive deep into understanding our technologies and product portfolio, showcasing our capabilities to potential partners and creating business opportunities that truly resonate with our mission. Reporting to the Business Development & Acquisitions Director, you'll support in-licensing activities, scout for promising new products and technologies, and get to know the market inside out by gathering invaluable intelligence. Building and nurturing relationships will be key, as you'll manage a pool of potential vendors and ensure their offerings align with our company’s needs. Your expert ability to evaluate and compare product opportunities will play a pivotal role in maximizing Lavipharm's profitability and growth. From drafting compelling commercial proposals to preparing insightful presentations, you’ll be instrumental in guiding our decision-making process. Your analytical mindset and proactive communication skills will help you engage with various departments and ensure everyone is aligned toward our goals. With your Bachelor’s and Master’s degrees in business, marketing, healthcare or related fields, alongside your 4 years of industry experience, you’ll bring an impressive level of expertise to the team. If you thrive in a fast-paced environment and relish the prospect of continuous learning and growth, we’d love to hear from you. Join us at Lavipharm and help shape the future of our business development initiatives!

Frequently Asked Questions (FAQs) for Business Development Manager Role at Lavipharm
What responsibilities does a Business Development Manager at Lavipharm typically have?

A Business Development Manager at Lavipharm is responsible for identifying, qualifying, and securing new business opportunities. This includes understanding company technologies, supporting in-licensing activities, gathering market intelligence, and managing relationships with potential vendors, all while preparing commercial proposals that align with the company's strategic goals.

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What qualifications are needed for the Business Development Manager position at Lavipharm?

To be considered for the Business Development Manager role at Lavipharm, candidates should possess a Bachelor of Science (BSc) Degree in business, marketing, healthcare, or a related field. Additionally, a Master of Science (MSc) Degree is preferred along with at least 4 years of relevant experience in business development, strong communication skills, and the ability to build strong client relationships.

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How important is market intelligence for a Business Development Manager at Lavipharm?

Market intelligence is incredibly important for a Business Development Manager at Lavipharm. It allows you to understand product trends, assess competitive offerings, and make informed decisions on which business opportunities to pursue. The effectiveness of your strategies is directly linked to the quality of market insights you can gather.

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What key skills are needed for success as a Business Development Manager at Lavipharm?

Key skills for success as a Business Development Manager at Lavipharm include excellent oral and written communication abilities, strong analytical and critical thinking skills, computer literacy, and the capacity to build and maintain strong client relationships. Being self-motivated and capable of working independently or as part of a team is also crucial.

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What kind of growth opportunities can a Business Development Manager expect at Lavipharm?

A Business Development Manager at Lavipharm can expect numerous growth opportunities, including continuous learning and exposure to various aspects of the business. The role provides the chance to influence the company's strategic direction, engage with industry networks, and contribute significantly to the company’s success.

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Common Interview Questions for Business Development Manager
How do you identify potential business opportunities?

To identify potential business opportunities, I utilize a combination of market research, networking, and data analysis. This helps me understand market trends and identify areas where our technologies can provide unique solutions or advantages.

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Can you describe your experience in preparing commercial proposals?

In my previous roles, I successfully prepared numerous commercial proposals that included thorough market analysis, competitive pricing strategies, and tailored value propositions, which ultimately led to successful partnerships.

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What strategies do you use to build and maintain client relationships?

I prioritize open communication and regular check-ins with clients. By staying responsive to their needs and providing helpful insights through our collaboration, I foster strong, long-lasting relationships that contribute to mutual success.

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How do you stay informed about industry trends?

I stay informed about industry trends by subscribing to key publications, attending trade shows and conferences, and actively engaging with my professional network. This approach ensures I have the latest insights that affect market dynamics and opportunities.

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How do you evaluate competing offers?

When evaluating competing offers, I focus on key factors such as quality, pricing, service levels, and alignment with our strategic objectives, allowing me to make informed recommendations regarding which opportunities to pursue.

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Describe a time you successfully negotiated a partnership.

In a past role, I negotiated a significant partnership by thoroughly understanding both parties’ goals and successfully McKenzie drafting a mutually beneficial agreement that not only met our objectives but also exceeded the vendor's expectations.

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What tools do you use for market analysis?

I typically use a variety of tools including CRM systems, business intelligence software, and market research platforms to gather and analyze data on prospective clients, industry trends, and competitive landscapes.

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How do you track progress on potential deals?

I track progress on potential deals through a structured CRM system that allows me to monitor timelines, set reminders for follow-ups, and analyze conversion rates, ensuring I stay organized and proactive.

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What is your experience with in-licensing?

I have extensive experience with in-licensing, particularly in identifying promising technologies and navigating the negotiation process to create beneficial agreements that align with company goals.

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How do you handle rejections or setbacks in business development?

I view rejections or setbacks as learning opportunities. It’s crucial to analyze the reasons behind them, adapt strategies accordingly, and refocus efforts to identify new opportunities that might better align with our goals.

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Full-time, remote
DATE POSTED
January 11, 2025

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