ASSOCIATE

Aditum Bio is a new model of biotech venture capital uniquely positioned to rapidly translate scientific discoveries into innovative new medicines.

Aditum brings together unmatched scientific and domain expertise, combined with operational capabilities. Our agile operating model enables rapid company formation, planning, and execution for a new model of drug development.

We target clinic-ready therapies to help underserved patient populations, forming companies and staffing them with medical and scientific experts.

Launched in 2019 by former Novartis CEO Joe Jimenez and former President of the Novartis Institutes for Biomedical Research, Dr.

Mark Fishman, Aditum currently manages a broad portfolio of clinical stage companies with multiple drug candidates in or entering Phase 2 clinical trials.

Position Summary :

The Associate will work with Aditum Bio partners to identify new investment opportunities and support the due diligence process on those opportunities.

The associate will play an important role throughout the investment lifecycle, supporting activities from defining initial areas of interest, to aiding in diligence and deal negotiations and transactions, to new company formation.

Specific Responsibilities :

Perform research to help identify new investment opportunities. To evaluate drug assets of interest to Aditum Bio, the associate will conduct research and analysis to effectively screen drug assets that are of interest to Aditum Bio.

The Associate will proactively and regularly engage with key contacts and prospects.

Conduct due diligence and financial modeling. This includes gathering key information from target companies and industry experts, competitive analysis, developing business plans and testing their feasibility.

Over time, this may include leading internal and external team members in managing financial, legal and operational due diligence.

• Execute in-licensing transactions. Help lead in-licensing transactions for new company formation, including term sheet, license agreement and financing document negotiation.
• Portfolio company business development and exit transactions. Support business development objectives for Aditum Bio portfolio companies including M&A, Pharma partnerships and financings (e.g., Series B).
• Assist the Partners in key decision making . Based on analysis and research, provide advice and recommendations to the Partners as relates to key decisions of the firm.

Present findings to Aditum Bio investment committee.

Qualifications :

• MBA or equivalent advanced degree in finance, business or related fields preferred. MD or PhD is an asset, but not required
• 2-4 years of experience in venture capital, investment banking, or management consulting
• Experience serving life science clients
• The ability to perform in-depth industry due diligence and data analysis
• Experience working cross functionally to develop business plans and strategies
• Strong track record in effectively working with senior management
• Proven ability to work collaboratively internally and externally, with the ability to manage multiple stakeholders

Location requirements : This is a hybrid role (2-3 days per week onsite) and can be based from our headquarters in Oakland, California or from Cambridge, Massachusetts.

Aditum Bio intends to open an office location in Cambridge in Q3 2024; the position would be fully remote for those MA-based until a Cambridge office opening.

The range for this full-time position is $225,000 - 235,000, plus a target bonus, equity compensation and benefits including medical, dental, vision, disability, life and 401k plan with match.

Our time off benefits include flexible / non-accrued PTO plus 12 paid holidays. Sick leave will also be accrued at the rate of one hour for every thirty hours worked.

For employees eligible to take parental leave, we may provide up to 8 weeks of paid additional leave. Additional leave time may be available and may be paid from other sources.

Our salary ranges are determined by role, level and location. The range displayed on our postings reflects the minimum and maximum for new hire salaries.

Within the range, individual pay is determined by interview performance, job-related skills, experience, relevant education and training, and other relevant factors.

Please note the range reflects base salary and does not include target bonus, equity or benefits.

We provide equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.