Senior Associate, Life Sciences

#LadenburgThalmann

#AdvisorGroupCareers

#GreatPlaceToWork2020

Senior Associate, Life Sciences


Location(s):      277 Park Avenue, New York, NY 10172

This position is considering remote candidates

Role Type:        Full time

About Ladenburg Thalmann:

Biopharmaceutical, medical device and diagnostics companies traditionally fund operations by selling equity: angel investors, venture capitalists and eventually public market equity investors provide equity capital in exchange for an ownership interest in the Company. This typically happens a number of times as the company advances its R&D assets along the development pipeline, acquires other pipeline/commercial assets and expands its commercial infrastructure. For companies whose clinical trials are successful, valuations typically continue to increase, and equity investors enjoy substantial returns, though each subsequent capital raise frequently dilutes previous investors’ ownership interests in the company. However, companies with assets that have reached a certain level of maturity (generally post Phase II and more frequently at commercial stage) and have the right characteristics in terms of the competitive positioning and differentiation of their product(s) are often strong candidates for non-dilutive capital, in which they can raise money from investors without selling additional equity.

Ladenburg Thalmann is one of only two firms on Wall Street exclusively focused on helping such companies raise non-dilutive capital, frequently in the form of royalty/revenue interest financing (“RIF”). The firm’s founder pioneered the creation and development of the Revenue Interest Financing market as a co-founder and general partner of Paul Capital Healthcare, the first private equity fund created in 1999 to acquire royalty interest and provide synthetic royalty/revenue interest financing, and since that time has structured, negotiated and closed more than 50 transactions worth in aggregate more than $2 billion dollars, including many precedent-setting financings.

About the Opportunity:  

Ladenburg Thalmann, a member of Advisor Group, is seeking candidates with strong life sciences domain knowledge to join its team for a Senior Associate position. The candidate would ideally work in the firm’s Midtown Manhattan office, although we would potentially consider hiring an outstanding candidate who would work remotely (with periodic travel to NYC as requested).

The team is looking for a professional with a strong life sciences consulting and/or pharma industry background with a Fall/Winter 2020 start date.  The ideal Candidate has a balance of strong logic, technical, analytical and communications skills to help build strong relationships with biopharma companies to help them raise important financings.  The position has two primary focuses: (i) the position (~50%) will have responsibilities related to identifying, analyzing and establishing contact with and otherwise helping in the prospecting/business development process with respect to biopharma and medical device companies with which to enter into RIF and other non-dilutive financing transactions; and (ii) as an integral part of the RIF deal team, ~50% of this team member’s time would be spent working on all aspects of the deals, in close direct contact with senior management at our clients, in particular helping to prepare Confidential Information Memoranda, which is the primary material that the firm uses in profiling the biopharma/device companies and their products for prospective capital providers as part of RIF transactions.  The small size of our team helps differentiate this role from traditional investment banking roles: each member of the team has a primary role, but we all pitch in and back each other up working on things together; it’s a relatively flat structure where everyone has a voice; and there’s immediate and constant client interaction with senior pharma executives.  This is a position that will place you on the front line of precedent-setting biopharma industry financing transactions, with a flexible approach to schedule.  We have a culture of hard work and lifestyle balance – we work hard, and you will sometimes work late on a key deliverable as part of a financing transaction.  Working on the weekend is generally forbidden. 

Responsibilities:

  • With respect to business development responsibilities (~50%):  (i) assisting in the screening, identification and evaluation of biopharma, medical device and diagnostics products and companies that fit certain criteria; (ii) preparing summaries of product and company evaluations that are prospects for financing transactions; (iii) helping to prepare marketing materials and (iv) performing business development outreach activities by email, phone and in-person meetings under the direction of other senior team members.
  • With respect to working as an integral part of the deal team on financing transactions (~50%): (i) working with clients and other team members to develop Confidential Information Memorandum for each new financing transaction and (ii) building detailed epidemiological models to forecast revenues for primarily biopharmaceutical products focusing on identifying and utilizing publicly-available secondary source data.
  • Both primary components of the team member’s responsibilities would require the ability to conduct sophisticated research (on broad industry trends, specific pharmaceutical assets, etc.) to inform the decision-making of the overall team
  • All other duties as assigned

Education Requirements:

  • Bachelor's degree is required, advance degree preferred, with an emphasis on the sciences.

Basic Requirements:

  • 2 - 4+ years experience in (i) life-science consulting and/or (ii) corporate/business development and/or strategy at a biotechnology or pharmaceutical company
  • Strong research abilities (must be able to quickly develop a working knowledge of new subject matter by conducting independent research – candidates will do this every day)
  • Technical competence in evaluating the competitive positioning of biopharma products, including being able to interpret clinical trial results
  • Strong quantitative / analytical skills
  • Self-starter who is able to work with a high degree of autonomy and fully own achieving deliverables
  • Ability to work independently while also functioning as part of a very collaborative team
  • Strong written and spoken communication skills with an emphasis on being a good listener
  • Interest in / curiosity for the subject matter
  • Facile with Microsoft Excel and PowerPoint and with various database sources

The above declarations are not intended to be an "all-inclusive" list of duties and responsibilities of the job described, nor are they intended to be such a listing of the skills and abilities required to do the job. Rather, they are intended only to describe the general nature of the job.

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Advisor Group is an equal opportunity employer. We celebrate diversity in our workplace and we hire the most qualified candidates without regard for age, ethnicity, gender, gender identity or expression, language differences, nationality or national origin, family or marital status, physical, mental, and developmental abilities (or the perception of a disability), genetic information, race, religion or belief, sexual orientation, skin color, social or economic class, education, work and behavioral styles, political affiliation, military service, caste, or any other characteristic protected by law.

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Applicants for employment in the US must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the US by Advisor Group.

Unqualified Applications

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Recruiting Agencies

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