Amplify Associate Job at Mass General Brigham(PHS)
Amplify Associate
- (3223957)
About Us
As a not-for-profit organization, Mass General Brigham is committed to supporting patient care, research, teaching, and service to the community by leading innovation across our system. Founded by Brigham and Women’s Hospital and Massachusetts General Hospital, Mass General Brigham supports a complete continuum of care including community and specialty hospitals, a managed care organization, a physician network, community health centers, home care and other health-related entities. Several of our hospitals are teaching affiliates of Harvard Medical School, and our system is a national leader in biomedical research.
We’re focused on a people-first culture for our system’s patients and our professional family. That’s why we provide our employees with more ways to achieve their potential. Mass General Brigham is committed to aligning our employees’ personal aspirations with projects that match their capabilities and creating a culture that empowers our managers to become trusted mentors. We support each member of our team to own their personal development—and we recognize success at every step.
Our employees use the Mass General Brigham values to govern decisions, actions and behaviors. These values guide how we get our work done: Patients, Affordability, Accountability & Service Commitment, Decisiveness, Innovation & Thoughtful Risk; and how we treat each other: Diversity & Inclusion, Integrity & Respect, Learning, Continuous Improvement & Personal Growth, Teamwork & Collaboration.
General Overview
Innovation is a 140 person Mass General Brigham business development unit responsible for the worldwide commercial application of the breakthroughs and unique capabilities of MGB’s 82,000 employees and Harvard faculty. It drives revenue generation and patient benefit through industry collaborations, investing, company creation, licensing, and innovation management for MGB’s Harvard Medical School appointed faculty and hospitals including its core Harvard affiliates - Brigham and Women’s Hospital, Massachusetts General Hospital, Massachusetts Eye and Ear and McLean Hospital.
Within the Innovation organization, Amplify and Mass General Brigham Ventures invest in precommercial and commercial technologies exclusively in the healthcare space. Amplify leverages $50M in translational funding to operates precommercial projects from MGB investigators that have high commercial potential. Mass General Brigham Ventures makes investments in companies alongside strong syndicate members in drugs, devices, diagnostics and digital health companies from its more than $350 million fund. These investments are based on intellectual property created within the MGB research community.
The Analyst will participate in the evaluation, operation, and investment in hospital technologies and portfolio companies for both Amplify and Mass General Brigham Ventures. The Analyst will have broad responsibilities spanning strategic development to operations at the nexus where academic technologies transition to commercialization.
Diligence/Monitoring
- Engage with academic investigators to provide actionable feedback as well as help triage technologies for consideration for precommercial (Amplify) or commercial (Venture) investment
- Building strong relationships with academic investigators as they continue to advance their technologies towards investment
- Develop materials for and conduct interviews with academics, biomedical executives, investors, and reimbursors to aid in strategy development and technology evaluation
- Perform detailed evaluations to select the best disease areas to pursue with novel technologies
- Work with the Amplify and Venture teams to construct disease pipelines for projects and investments
- Rigorously canvas indication in prevalent to rare disease spaces, matching biological mechanisms, targets and medical practice/procedures to areas of commercial tractability
- Provide consultative leadership on Indication Identification for the broader Innovation office
- Participate in strategic analyses of new areas of investment and Innovation focus
- Engage across the MGB Innovation office, including with the Strategic Innovation Leader group to generate strategy white papers
- Develop presentations for Venture, LP and VC meetings, Investment Committees, and Board of Managers with minimal direction
- Analyze, record and report on portfolio investment performance
- Support for LP reporting and interactions
- Engage and assist Amplify Project Leads and Operating Partners in the execution of portfolio programs
- Analyze and advise on the commercial potential of new technologies arising from MGB research, clinical services and information technology communities
- Participate in the process of technology analysis, market analysis, business planning, and specific diligence around technical issues including regulatory and reimbursement requirements.
- Identify and develop potential strategic partners and co-investors
Qualifications
- PhD/MD and/or MBA with life science industry background
- Minimum 2 years' experience including in with management consulting groups, investment firms, or companies focused on development of biomedical products
- Knowledge of drug/device research, development, regulatory and reimbursement processes
- Proven ability to successfully function in a large organization and to work as a team member in a multi-functional operating unit
- BSci candidates with 5-7 years’ experience will also be considered
- Fundamentally motivated by scientific curiosity and a desire to work on amazing new science that can become the future of healthcare
- Driven to work with exceptionally bright and creative investigators
- Excited to work highly collaboratively and effectively with across diverse groups
- Well-developed scientific evaluation acumen and ability to mesh biology with commercial potential for new and complex technologies
- Deep interest in the process of translating scientific discoveries into new companies
- Ability to thrive in a fast-paced environment, organizing and prioritizing efforts to meet deadlines
- Working understanding of intellectual property filing and prosecution, especially as it intersects with new company or partnership commercialization strategies
- Excellent oral and written communication skills
- Strong interpersonal and client services skills
- Willingness and ability to handle confidential matters with utmost discretion
- Top-notch PowerPoint capabilities and spreadsheet modeling capability, knowledge of capital structuring
- Excellent project management skills and attention to detail
- Strong appreciation for the Mass General Brigham value system of academics and care delivery
Mass General Brigham is an Equal Opportunity Employer & by embracing diverse skills, perspectives and ideas, we choose to lead. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law.
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