Senior Director Business Development, Divestitures

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com

Job Function:

Strategy & Corporate Development

Job Sub Function:

Mergers, Acquisitions & Divestitures

Job Category:

People Leader

All Job Posting Locations:

New Brunswick, New Jersey, United States of America, Raritan, New Jersey, United States of America, Titusville, New Jersey, United States of America

Job Description:

Johnson & Johnson is currently seeking a Senior Director, Divestitures to join our Innovative Medicine Business Development team.  This role will be based in one of our New Jersey locations (New Brunswick, Raritan, Titusville).

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

The Senior Director, Divestitures, is a key member of the J&J Innovative Medicine Business Development team, leading the established products divestiture team, including direct management for a team of two direct reports.  This role leads end-to-end process and strategy for critical divestitures, driving opportunities from identification, through partner negotiations, and culminating in transition of programs to external parties.  The Senior Director, Divestitures drives our divestiture strategy, leveraging a wide range of cross functional resources to enable a productive and succession transaction process. Importantly, this role will partner closely with partners including Established Products, Supply Chain, Regulatory, Commercial, Clinical, Medical Affairs, Finance, Pharmacovigilance and others. The Senior Director Divestitures will report directly to the Vice President of Acquisitions & Divestitures.

J&J Innovative Medicine Business Development is a part of Johnson & Johnson Innovation LLC, which is working to accelerate scientific innovation at all stages of development worldwide to deliver cutting-edge solutions that solve unmet needs for patients. Johnson & Johnson Innovation provides scientists, entrepreneurs, and emerging companies with one-stop access to the broad resources of the Johnson & Johnson Family of Companies. This includes access to dealmakers, through the innovation centers located in global life science hot spots and Johnson & Johnson Innovation – J&J Innovative Medicine Business Development; venture investment, through Johnson & Johnson Innovation – JJDC; company incubation, through Johnson & Johnson Innovation, JLABS; as well as R&D, manufacturing, and commercialization expertise.

We are J&J Innovative Medicine. Our mission drives us. Our patients inspire us. We collaborate with the world for the health of everyone in it.

Key Responsibilities:

• Champion, lead, and develop strategies/tactics for timely divestitures of Established Products brands/assets.  This includes partnering closely with global & regional colleagues that support these brands, as well as our critical functional partners (i.e. finance, legal, supply chain, etc).
• Function with high degree of autonomy in all critical aspects of divestiture execution and negotiation.  This includes:
  • Create and maintain robust portfolio of buyer pools, leveraging various technology tools and applications.
  • Lead all critical partner interactions, including initial partner outreach, deal negotiations, all key elements of due diligence , integration planning, and ultimately deal execution.
  • Development of key divestiture documents/materials, including confidential information memorandums, deal pitch presentatio