Business Development Manager

Position: Business Development manager

Exp: min 10 Years

Location: Hyderabad

Key Role and Responsibilities

• Conduct thorough market research to identify potential business opportunities, market trends, and competitor analysis.
• Analyse market dynamics and regulatory environment to identify key areas for business development initiatives.
• Develop and implement strategic business plans to expand the company's presence in the pharmaceutical sector.
• Identify and prioritize target markets, customer segments, and product opportunities based on market analysis.
• Identify and engage with potential clients, partners, and stakeholders through various channels such as networking events, conferences, and cold outreach.
• Build and maintain a robust pipeline of qualified leads and opportunities.
• Lead negotiations with potential partners, including licensing agreements, collaborations, and distribution agreements.
• Work closely with legal and finance teams to finalize terms and contracts.
• Cultivate and maintain strong relationships with key stakeholders, including pharmaceutical companies, regulatory bodies, research organizations, and healthcare professionals.
• Serve as the primary point of contact for existing and prospective clients, addressing their needs and ensuring high levels of customer satisfaction.
• Collaborate closely with internal teams including marketing, sales, product development, and regulatory affairs to ensure alignment and support for business development initiatives.
• Provide insights and feedback to support the development of new products and services tailored to market needs.
• Prepare regular reports and updates on business development activities, including pipeline status, progress against targets, and market insights.
• Analyse key performance indicators (KPIs) to assess the effectiveness of business development strategies and identify areas for improvement.

Requirements:

• Bachelor's degree in Science/Business Administration/Marketing, or a related field. MBA preferred.
• Proven experience in business development, sales, or marketing within the pharmaceutical industry, with a focus on APIs.
• Strong understanding of the pharmaceutical market, industry trends, and regulatory requirements.
• Excellent communication, negotiation, and interpersonal skills.
• Leadership skills is a must
• Willingness to travel as needed.