Job description
About Formation Bio
Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others.
You can read more at the following links:
- Our Vision for AI in Pharma
- Our Current Drug Portfolio
- Our Technology & Platform
At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.
About the Position
As a Lead Product Manager, you will help execute on our tech strategy through 0-to-1 product conceptualization, rigorous research and experimentation, and iterative development of new products. You will interview, shadow, and collaborate with colleagues throughout the company, including our Medical/R&D, Biometrics, Clinical Program Management, and Clinical Operations teams to help identify solutions to their unique challenges. There won’t be established precedents for much of what you work on, but you will see that as an opportunity to innovate!
Product Management at Formation Bio is very solutions-oriented and entrepreneurial. While building in-house products is a core competency, it is by no means a boundary–you should expect to influence process, help develop non-technical solutions, and know when it’s appropriate to license 3rd party software to solve problems.
About You
- You’ve got 5+ years of product management experience, including building new and/or experimental products
- You are a quick learner with a deep intellectual curiosity
- Your interests and passions aren’t limited to the products you build: you’re just as interested in the adjacent processes, the people and teams involved, and accomplishing the company’s objectives
- You are following the rapid evolution of LLMs and other AI solutions and have thoughts and opinions on how this will impact the future of product development
- You thrive working with uncertainty and ambiguity–you know how to test hypotheses quickly, drive prioritization, and execute on action plans that solve problems from top-level strategic goals down to in-the-weeds operational details
- You’re the type of PM who will roll up your sleeves and do what it takes to make your product and team successful
- You have a track record of leading high-performing teams and shipping successful products from genesis to launch and beyond
- You either have experience developing solutions for internal stakeholders or at least a strong desire to do so
- You have pharmaceutical or life sciences industry experience or a deep interest in the space
Formation Bio is headquartered in New York City, with plans to build a larger team and presence in Boston. We are prioritizing hiring in these areas, with an expectation for NYC-based employees to work in the office at least two days per week. While our primary focus is on candidates in NYC (including the Tri-state Area) and Boston, we may consider remote candidates from specific geographies based on qualifications, skills, and business needs. We believe that in-person collaboration is essential for breaking down silos, fostering cross-functional teamwork, and embedding our company values into daily work. All employees located outside of the NYC Metro Area will be expected to travel to the NYC office at least four times per year for company events and team-specific meetings or activities.
Compensation:
Salary ranges are informed in part by geographic location, in addition to other factors. The target salary ranges for this role are:
- NYC Metro Area, Boston Metro Area, SF Bay Area: $190,000 - $240,000
- All Other Eligible Remote Locations: $180,000 - $228,000
The ranges provided above include base salary only. In addition to base salary, we offer equity, generous perks, hybrid flexibility, and comprehensive benefits.
If this range doesn’t match your expectations, please still apply because we may have something else for you.
** Eligible Remote Locations: Alabama (AL), Arizona (AZ), California (CA), Connecticut (CT), Florida (FL), Georgia (GA), Illinois (IL), Indiana (IN), Maryland (MD), Massachusetts (MA), New Hampshire (NH), New Jersey (NJ), North Carolina (NC), Ohio (OH), Pennsylvania (PA), South Carolina (SC), Texas (TX), Utah (UT), Virginia (VA), and Washington, D.C. (DC).
You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
#LI-hybrid
