Product Management Manager

Incumbent will be part of the Central Portfolio Organization which is responsible for Global Portfolio Management & Strategic planning for Dr. Reddy's. The major responsibilities associated with the role follow:

1. Product Strategy/Management Active Pharmaceutical Ingredients

2. Business Development (Licensing/Partnerships)-Formulations-

ROLES & RESPONSIBILITIES:

Product Strategy Development ( Full Life-Cycle ) for Assigned Portfolio-API

o Responsible for creating standalone API strategy & enabling creation of Integrated Product strategy for DP( OSD/Sterile ) for allotted products. Owning definition and updating of the strategy as per all DRL market requirements as per prescribed frequency

o Product strategy to cover all aspects of the product holistically including but not limited to commercial demand/go to market strategy for all DRL Markets (PSAI+GG); IP; Lifecycle Management; Capacity; development; regulatory strategy

o Define & govern critical decision points over product life cycle development to commercialization & beyond

o Assess financial viability / ROI metrics to determine investments/decisions on productfor Eg: LCM; Capex investment; Make vs buy decision; rationalization

o Communicate/Disseminate & provide clarity on all dimensions of the product strategy to all impacted stakeholders

o Create and drive alignment/regular governance/action on key backend actions to drive product success

Market Intelligence; Competitive intelligence and Life Cycle Management-API/DP

o Responsible for connecting with all DRL markets teams including PSAI and CPO-OSD/Sterile for comprehensive front end strategy capturing competitive view, market growth, expansion strategy etc.

o Provide insights based on competitive benchmarking to trigger appropriate remediation measures include LCM; Capex; additional development etc

o Drive Lifecycle management based on market/benchmarking/competitive feedback/IP & RA inputs to create cost/product competitives to enable maximization of Market share of internal API

o Ensure timely execution of cost improvement projects and execution as per standalone/Integrated product strategy as per defined scope; cost and timelines

3. Long Term Strategy Planning-API & BD DP

o Provide visibility on long range value and volume plan for the portfolio of products

o Manage the risk to value and work with stakeholders to device mitigation strategies

o Provide manufacturing network optimization inputs for the near and long term

o Drive/Support timely creation of capacity to meet market demand (FTM/Unconstrained) in line with Integrated product strategy/Strat plan

4. Enabling Strategy Execution-API

o Work with Program management office ( RDO ) to ensure execution of integrated product strategy

o Support R&D budget optimization, portfolio prioritization decisions, cost improvements plan for improving profitability, for select cluster of products

5. Portfolio connect for R&D pipeline-API

o Participate in and provide strategic inputs (critical success factors, timeline & cost targets) in product development meetings

o Track timelines & spendon development, highlight risks in terms of changes in market dynamics, challenges in development/ manufacturing.

o Periodically monitor development progress as well as external events and bring in competitive intelligence to drive dynamic (re)prioritization in collaboration with the respective BU Portfolio/CPO teams

6. Business Development-Formulations

1. Enable creation of Global BD agenda in support with Global Portfolio strategy & Corporate Strategic Planning Objections

2. Lead the identification, evaluation, prioritization& execution of in-licensing opportunities for pharmaceutical formulations in alignment with company strategy and market needs and in conjunction with regional BD/Portfolio

3. Conduct comprehensive market analysis to assess market trends, competitive landscape, and growth opportunities for pharmaceutical products globally

4. Negotiate and execute licensing agreements, strategic alliances, and collaboration agreements to acquire rights

5. Collaborate with cross-functional teams, including R&D, regulatory affairs, legal, and commercial, to assess the feasibility and strategic fit of potential partnerships

6. Manage due diligence activities, including financial analysis, technical evaluation, and risk assessment, to inform decision making and mitigate risks associated with licensing agreements

7. Monitor and track market dynamics, competitor activities, and regulatory developments to anticipate challenges and capitalize on emerging opportunities in the pharmaceutical industry

Qualifications:

Desired Work Experience: