Anyone have experience exiting to a biotech with no commercial products? PH I/II lead asset targeting multiple indications. Pros and cons?

like
Posting as :
works at
You are currently posting as works at

I do. Pros include being fast-paced, entrepreneurial, potentially fast promotion. Main con is that if the company fails, you have to jump ship, and even if it succeeds, it’ll be acquired, which could have a positive or negative change to your situation.

A company that only has a PhI/II asset will of course have greater risk / reward.

I think about it in the following way: first determine what position you can get in an established pharma. You should demand at least one notch up at a biotech to compensate for risk.

I’ve seen multiple people leave to biotechs, settling for smaller roles, and being disappointed. Unlike with internet startups, biotech equity doesn’t usually lead to huge payoffs for employees.

like

Thanks, really helpful. Were your friends/acquaintances who were disappointed with smaller roles dissatisfied with the comp, impact they had, professional growth, something else or all the above?

Fewer than 50 employees, well funded

like

Related Posts

Which is the better to specialize in, Oracle or SAP?

like

What would you recommend someone starting tas (campus hire) early next month do to prepare. I am CPA eligible, but not sure if I should spend my time on that or study finance or just relax. Any recommendations?

like

Best exit opp out of the following three with pay being equal: Senior Financial Reporting Analyst, Internal Audit Senior, or Senior Accountant?

like

Has anyone ever thought of switching out of accounting and pursuing another career? If so, which career? Did you pursue it or stay in accounting?

like

33 year old with MBA thinking about a career change from financial services consultant to certified financial planner. Any advice?

likesmart

Does PHR certification help in India, as this is globally recognised how much valuable is this currently in indian job market.

Do we got some good offers or its another certificate just to add to CV after so much of investment & time I don't want to get this wasted !!

Need suggestions ??

Hello all! Has anyone completed the Professional Certificate in Product Management program with Kellogg Northwestern?

I’m currently a technical project manager looking to pivot into Product Management. I’m wondering - is this investment worth it? Interested to hear your thoughts.

For context, I graduated in December 2021 with a business degree and have 1-1/2 professional experience in tech/marketing/project management.

Thanks in advance!

like

Bain & Company For those working in industry, how much jump would you realistically expect when moving to an MBB?

McKinsey & Company
Boston Consulting Group
Bain & Company
SAP
Microsoft
IBM

Hi any advice for someone who has 1 1/2 year experience in industry and wanting to switch from market access to medical affairs. I'm open to any job opportunities in small or midsize pharma or guidance I have a vaccines and neuroscience background

like

I’m a defense-side employment attorney with 5-7 years of mid- to large firm experience. What would it take to pivot to an employee relations-type position? MBA? MHRM? Come as I am?

like

Can the group members please share their experience about the CFE exam? How many days of preparation does it require? What are some of the useful study resources?

like

What are the cheapest study materials to study for the CFE? I didn’t want to pay out 1k+ for the prep course from ACFE.

like

Looking for advice: would you stay in partner pipeline at Big 4 or move to one of the MBBs as a principal? I am hearing that with Big 4 getting into strategy more, MBBs will be obsolete soon thoughts?

likefunny

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

Anyone volunteering with the upcoming CFE exam this week?

like

To L.E.K. 🐠 out here, what type of work do you do in the AU market and what industries do you work with?

I'm a consultant with about 2 YOE, considering a move away from the big D, and would appreciate any advice. Thanks in advance!

like

What are the requirements to promote from analyst to senior analyst? I’ve been with Deloitte for two years now and am wondering how I go about making myself promotable. I don’t have a CPA, CFE, etc. Is one of those required?

Is HPE product based company? what kind of work will be there for a data engineer?

How is growth, wlb and job security?

skills : Python, Spark, Sql, AWS, Airflow.

like
like

Hi Fishes i am making a whatsapp group for the people who are transitioning from non-tech field to data science
If anyone would be interested plz join
And let's learn , and transition together

Agenda:
Putting self progress on the course they are doing ,so that others can be motivated and
Discussion on topics related to transitioning

like

More Posts

Any audio book recommendations to listen to when backpacking / vacationing?

like

Hi everyone, I have a question about job transition. I want to transition into sales training. I have 9 YOE in sales account mgt and created some really effective trainings my office used and loved. After that I got 2 yrs in curriculum development elsewhere. 

I want to move into a sales training role that will take into consideration my sales experience? Don't want to start from scratch. What job titles should I be looking for?

Anyone use the WHOOP strap? I created a team for traveling consultants - DM me your user name and I’ll add you to the team!

I’ve had a really tense, emotionally exhausting week. Things wrapped up yesterday and now my body feels so strung out and exhausted. Any tips for coming down from being so strung out without relying on toxic habits and just shutting down/procrastinating? (My brain is saying “go for a run” and my body is getting stuck picking at my eyebrows for two hours) I feel like my central nervous system is on a roller coaster.

like

Kindly help with 11 likes to support DM!!

likesmart

I can’t get out. I’m a barred attorney looking to move into a JD preferred role. I don’t like being at a firm. I’ve applied to hundreds (literally) of contract, compliance, regulatory, etc. sort of jobs. I’m not looking for a crazy salary either. I don’t know what I’m doing wrong. How do I make the switch? Any advice is appreciated. Thanks

like

Woman next to me is wearing an "I heart Hillary" button. I'm no trump fan, but if you actually like Hillary and aren't just voting for her because she's a democrat, we can't be friends.

like

So this is boutta be an annoying post but...for those who count calories on the road, how much do you aim for? I try to do 1400-1500 calories and dunno if that's reasonable. (Female, 135 pounds)

like

Looking for an job opportunity in GCP(Google Cloud Platform), I'm having 9+ years of experience in the integration services. I'm a Certified Scrum master and Certified GCP ACE and PDE.
Thanks in Advance

"Making Grades Matter" standards based grading in a Secondary PLC at work
by Townsley and Wear.

Anyone at a school that has implemented this?
I'm curious what the results are

like

What is the best channel to reach out to marketers and offer partnership as web development company? And does it makes sense at all to do it?

like

Good cologne to get my boyfriend?

Got an email from Meta recruiter about an interview for a Privacy Engineer role. Does anyone have any information on this role outside of the job posting or would be able to refer me?

like

A customer brought me a Christmas gift today. So sweet. What's the nicest thing a customer has ever done for you?

likeupliftinghelpfulsmart

Let’s talk credit cards! Is there any one which has 0% foreign transaction fee? (Like Revolut)

like

I applied for a job and received an offer from my client. 15k+ bump in salary, better benefits/remote work, and responsibilities will give me exposure to all areas of the organization (start up). The problem is that they’re looking to staff me as a Senior when I’m currently a Manager at DT. They said they’re flexible on title, but curious to hear how others have navigated similar situations. I would report directly to the controller and have 1-2 staff reporting to me...

like

Rower or Airbike??

Trying to decide which one to purchase for a home gym. Which one would you guys say is the better investment?

like

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

like

Additional Posts in Life Sciences Consulting

Does anyone know what base comp/bonus look like for Manager and AP levels in IQVIA’s strategy consulting practice in US?

like

Contemplating an offer at Big pharma for Validation Lead (non-managerial) role. Have 4 years experience with a masters degree. Any suggestions of what the base compensation range would be in big pharma for a similar role ?

like

Any companies pulling back on recruiting or freezing hiring altogether?

like

I'm currently in a consulting manager role internal to a well regarded pharma company. However, i have been contacted about a role at IQVIA for a new pure strategy internal group that they are standing up. It would be a 55% salary boost with director title and completely remote. Should I consider it? The salary increase and location flexibility are alluring.

like

Why does insulin in the United States cost 10x what it costs in Canada?

like

What has better WLB and comp, being a heme onc physician or climbing the ranks of D/SD/VP in R&D or commercial strategy for an oncology line? Not taking into account initial path to get to these positions.

like

ZS 🐠, how often are you at the office vs client site? I’m curious because I’ve heard they don’t travel much

like

lol so…. how’s clearview’s wlb and culture been going?

funny

Thoughts on the new expensing policy where your manager has to approve it? Is this a way to limit expensing when you have your colleagues view how much you expense?

like

Anyone made the switch from payer/provider consulting to LS/Pharma? Are you able to keep your level or move up during the transitions.

Hi, am interested in applying to Putnam UK via positions shown on Linkedin. Anyone willing to chat or perhaps provide a referral? Thanks in advance!

like

Is it possible to exit to LS VC from a boutique firm? What type of experience do they typically look for?

like

What is the back of an envelope kind of estimation of a drug’s market share considering there’s one in market already?

funnylike

How long does it typically take to get a verbal offer from ZS Associates (Strategy Insights and Planning) after the final interview?

like

How do I find biotech companies list by amount of cash on hand?

like

Who are the top consulting firms for each of the type of work in Pharma?

Corporate strategy -
Portfolio + brand level strategy -
Sales & marketing strategy -
R&D strategy -
Transactions / M&A strategy -
Analytics -

Feel free to put more than 1 firm in each category :)

like

Any idea of base salary and total compensation for an Associate Director position in a biotech company, company size ~10 billion USD annual revenue?

like

Thoughts on BMS corporate development or corporate strategy?

like

Does anyone know for Deloitte’s life sciences compliance and op risk group if there’s a case for SC or M level?

like

(1) What are your experiences with Regeneron? Burn and churn culture or reasonable people you would work with long term? (2) what BC/TC would you target for AD within global development?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal