Director, Product Strategy – Biopharma Life Sciences

The Director, Product Strategy will be a key role in Labcorp’s new product launch process. The successful candidate will lead key Product Strategy and Planning for the Biopharma Life Sciences business, partnering with Business Leaders and Product Managers to drive revenue growth and profitability within the portfolio. 

Working with a cross-functional stakeholder groups, the Director will own and evolve the roadmap of high-impact product and service offering launches within a 2-3 year time horizon, facilitate key go-to-market planning discussions on upcoming product launches, and help align Labcorp’s Sales and Marketing resources to embed best practices and optimize revenue impact of these launches.

About Labcorp

Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 67,000 employees serve clients in approximately 100 countries, provided support for 84% of the new drugs and therapeutic products approved in 2023 by the FDA, and performed more than 600 million tests for patients around the world. Learn more about us at www.labcorp.com.

Primary Responsibilities

• Analyze industry trends, customer needs, competitive threats, expansion opportunities and internal performance across the Biopharma Life Sciences portfolio

• Partner with Product Managers and Market Insights team to lead comprehensive market assessments for new product opportunities make prioritization recommendations to Senior Management

• Collaborate with cross-functional teams (e.g. Finance, Technology, R&D, Market Access, Clinical) across our Biopharma Life Sciences product portfolio, to own and evolve a tiered roadmap of high-impact product launches

• Work with Marketing and Sales to drive partnership with our Biopharma Life Sciences business, to support timely and effective sales activation for key product launches

• Facilitate data-driven discussions to evaluate success of new product launches post-launch and share lessons learned to embed best practices across organization

• Measure and report on portfolio performance, assessing impact to revenue growth and profitability for key products

Required Experience

• 12+ years experience

• 5+ years in Product Strategy, Product Development and/or Product Management in Health Care driving market growth and expansion

• Experience working with Commercialization of Services businesses

• Experience with conceptual evaluation, analytical exercises and financial modeling – with ability to succinctly interpret data and strategic frameworks for executives

• Experience developing market overviews, understanding competitive positioning, analyzing market trends and understanding customer needs

• Demonstrable experience in delivering results with large-scale, cross-functional teams

• Strong track record with executive communication, presentation and facilitation

• Undergraduate degree

Preferred Qualifications

• MBA strongly preferred

• Experience in consulting, strategic planning or similar function ideally within Healthcare

Required Skills

• Knowledge of Biopharma Life Sciences market and value chain

• Experience working in a complex, global, organizationally matrixed environment

• Logical problem solving, analytical and consultative skills

• Track record of influencing across an organization, willingness to take risks and act decisively

• High energy, detail oriented and creative

• Ability to make an immediate impact in a fast-paced environment with multiple and changing demands

Application Window: Application window will close on February 7, 2025.

Pay Range $170,000 - $190,000 annually plus bonus eligibility

All job offers will be based on a candidate’s skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data. 

LBP Eligible Positions: The position is also eligible for an annual bonus under the Labcorp Bonus Plan.  Bonuses are payable based on corporate and/or business segment performance and are subject to individual performance modifiers.

Benefits: Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.  Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only.  For more detailed information, please click here. 

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Labcorp is proud to be an Equal Opportunity Employer:

As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.

We encourage all to apply

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