BUSINESS DEVELOPMENT EXECUTIVE (PRIVATE MARKET)

1. Identify and Pursue Business Opportunities: • Conduct thorough market research to identify potential areas of growth and new business opportunities. • Develop a deep understanding of the pharmaceutical market landscape, including competitors, trends, and regulations. • Proactively seek out and evaluate potential business partnerships, collaborations, and licensing opportunities. • Assess and prioritize opportunities based on their alignment with the company's strategic goals and objectives. 2. Strategic Planning and Execution: • Develop and implement strategic business development plans to expand the company's presence and drive revenue growth. • Collaborate with cross-functional teams to evaluate potential business ventures and develop business cases. • Analyze market trends, customer needs, and industry dynamics to formulate effective strategies and recommendations. • Monitor and track key performance indicators (KPIs) to measure the success of business development initiatives. 3. Relationship Building and Stakeholder Management: • Build and nurture strong relationships with key stakeholders, including pharmaceutical companies, distributors, healthcare professionals, and regulatory authorities. • Attend industry conferences, events, and trade shows to network and represent the company's interests. • Lead negotiations and contract discussions with potential partners and clients. • Foster a positive and collaborative work environment, both internally and externally, to achieve business objectives. 3. Sales and Marketing Support: • Collaborate with the sales and marketing teams to develop effective strategies and promotional materials for new products and services. • Provide market insights and competitive intelligence to support sales and marketing efforts. • Assist in developing pricing strategies and contribute to the preparation of proposals and bids. 4. Reporting and Analysis: • Prepare regular reports and presentations on business development activities, progress, and outcomes. • Conduct data analysis to identify trends, evaluate the success of initiatives, and provide recommendations for improvement. • Stay updated on industry trends, market conditions, and regulatory changes affecting the pharmaceutical industry. Requirements: • Bachelor’s degree in business administration, Marketing, or a related field. • Proven track record of success in business development, preferably within the pharmaceutical industry. • In-depth knowledge of the pharmaceutical market, including trends, competitors, and regulatory environment. • Strong networking and relationship-building skills with the ability to interact with diverse stakeholders. • Excellent communication, negotiation, and presentation skills. • Strategic thinker with the ability to identify and capitalize on new business opportunities. • Analytical mindset with the ability to analyse market data and make data-driven recommendations. • Self-motivated and results-oriented with a strong drive for success. • Ability to work independently as well as collaboratively in a team environment. • Willingness to travel as needed for meetings, conferences, and business development activities.