PhRMA

Senior Director - Industry Economics – Policy and Research

PhRMA Washington, DC

Overview

Pharmaceutical Research and Manufacturers of America (PhRMA) is seeking a Senior Director for its Policy and Research team to lead work related to the implications of public policy changes for the biopharmaceutical business model and the ability of companies to continue to deliver medical advances to patients. The role will largely focus on the impact of the Inflation Reduction Act (IRA) and other proposals that would restrict companies' ability to invest in drug development.

The individual will support PhRMA-wide teams focused on understanding and characterizing how the IRA will impact the biopharmaceutical business model and its ability to deliver innovative therapies to patients, including the economics of R&D and commercialization decisions. This role requires extensive collaboration within the Policy and Research team, across PhRMA departments, and with member companies.

The Senior Director Will

  • Manage and commission external research projects aimed at understanding and characterizing the impacts of proposed policies and laws on the biopharmaceutical industry and the ability to innovate, with a particular focus on the implications of the impacts of the IRA on the R&D ecosystem.
  • Lead rapid response efforts, under tight timelines, to requests for information about policy impacts from member companies and PhRMA leadership and colleagues.
  • Design analytical studies, protocols and methods, and policy impact and models as part of assessing the implications of public policies on the environment for innovation.
  • Contribute to the development of research and analytic proposals, scopes of work, budgets, and analysis plans.
  • Conduct data analysis and modeling to support advocacy objectives.
  • Identify opportunities to advance PhRMA priorities through both internal and external research and analytics.
  • Monitor, analyze and distill relevant government and other publicly available data as well as academic literature in assigned areas (e.g., industry economics, intellectual property, R&D investment, and related trend data) in coordination with others.
  • Develop strong relationships with member companies, consultants and colleagues PhRMA-wide to understand advocacy goals/objectives and manage issues proactively.
  • Perform other duties as assigned.

Key Success Factors

PhRMA seeks a collaborative, proactive self-starter who is passionate about access to medicines and contributing to the healthcare challenges we face today. Key success factors for this role include a strong understanding of the dynamics of the prescription drug market, strong interpersonal skills and team focus paired with the ability to work independently and under short timelines. The preferred candidate will bring expertise in pharmaceutical reimbursement and negotiations, extensive experience with healthcare and/or pharmaceutical industry research, familiarity with analyzing economic and quantitative data, and be focused, organized, detail oriented, responsive and diplomatic. The successful candidate should be adaptable, able to reprioritize and shift gears quickly and be comfortable in a high-pressure, fast-paced environment.

Professional Experience / Requirements

  • Master’s degree in Economics, Finance, Statistics, Epidemiology, Public Policy, Health Policy or a related field strongly preferred.
  • 8+ years of experience at a pharmaceutical company, life sciences or related association, or another related pharmaceutical industry environment, including financial services.
  • Experience in pharmaceutical research and policy analysis for a healthcare or financial institution.
  • Experience in developing analytic models and assessing the impact of public policies and/or market forces on investment/pricing decisions, or the biopharma business model more broadly.
  • Excellent writing and editing skills.
  • Strong interpersonal and communication skills; demonstrated experience building consensus across organizations and functions.
  • Extensive experience with Microsoft Excel and PowerPoint.

Preferred Experience

  • Understanding of the private and corporate financial investment ecosystem.
  • Understanding of policies impacting the environment for medication environment.
  • Understanding of HHS, PTO, Congress and other relevant federal agency priorities, policies and programs.
  • Experience in the federal government or related advocacy environment.
  • Experience managing third-party research efforts.

Potential Salary

$141,100-197,500 per annum. Salary is commensurate with experience and other compensable factors.

Who We Are

The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are devoted to discovering and developing medicines that enable patients to live longer, healthier and more productive lives. Over the last decade, PhRMA member companies have more than doubled their annual investment in the search for new treatments and cures, including nearly $101 billion in 2022 alone.

Connect with PhRMA

For information on how innovative medicines save lives, please visit:

www.PhRMA.org

www.Innovation.org

www.GoBoldly.com

www.Facebook.com/PhRMA

www.Twitter.com/PhRMA

What We Offer

In addition to a highly competitive salary and bonus program, various opportunities for reward and recognition and a platform of extensive benefits, PhRMA is committed to the development and overall wellbeing of our team members. We offer traditional (medical, dental, vision, flexible spending, life, AD&D, LTD, STD, LTC) and enhanced benefits such as parental leave, a wellbeing program, back-up care, health advocate service, employee assistance program and commuting benefits. We also offer a robust 401k plan with employer contributions upon the first day of hire and immediate vesting, a generous paid time off plan, seven paid holidays (plus inauguration day), half day Fridays preceding holidays, half day Fridays in the summer months and a paid winter break. As an organization, we work remotely on Mondays and Fridays and together in the office on Tuesday through Thursday. We also all work remotely in the month of August.

We are committed to the growth and development of our team members and offer many learning opportunities including an integrated on-boarding program, best-in-class leadership programming, tuition reimbursement, industry on-site and off-site training, and other management/professional development programs. Corporate social responsibility is also important to us at PhRMA. Our team members participate in organization-wide community service activities, fundraising drives and charitable athletic events.

We are committed to supporting our family of professionals at PhRMA and strive to create programs that help our team members manage the challenges of balancing a fast-paced career with their own personal goals.

Equal Opportunity Employer

PhRMA provides equal employment opportunities to all applicants without regard to race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, gender identity or expression, family responsibilities, genetic information, disability, matriculation, political affiliation or veteran status in accordance with applicable federal, state and local laws governing non-discrimination in employment.

The job description contains an overview of the activities and duties for this role. Responsibilities may change and new ones may be assigned at any time.
  • Seniority level

    Mid-Senior level
  • Employment type

    Full-time
  • Job function

    Other
  • Industries

    Pharmaceutical Manufacturing

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