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Name: Sean
Brusky
Brown Affiliation: grad
'99
Company/School:
Vertex
Pharmaceuticals, Inc.
Position:
Manager,
Business Development
Degree(s) Earned:
BS
Biochemistry, Brown
AB Organizational Behavior & Management,
Brown
Contact
Info
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What is your
educational background — advanced degrees do you have (if any) and
are they a must for what you do?
My
educational background consists of my Brown degrees (see above). A
scientific background of some sort is very important to a successful
career in pharmaceutical/biotechnology business development. I will
also be pursuing an MBA this fall at Harvard Business School (Class of
2006). Most of my colleagues have MBAs and scientific backgrounds, a
majority also have PhDs in Chemistry or MDs as well.
What
positions did you hold before your current position (what other jobs
led you to where you are now)?
Prior
to Vertex, I was an Associate Consultant with
Bain & Company in
Boston. While at Bain I contributed to a number of management
consulting projects in the pharmaceutical, biotechnology and life
sciences industry. The consulting experience helped me to develop my
understanding of business fundamentals and analytical and
organizational skills (excel, presentation, consensus building,
competitive intelligence, etc.) which are critical to my current
position at Vertex.
What
are your favorite aspects of you job? What are the drawbacks?
My
favorite aspects of Business Development are the independent yet
interdisciplinary nature of the job (travel, networking, interacting
with scientists and senior management, contributing to corporate
strategy and development, attending conferences, entertaining
dignitaries from other companies, etc.). The drawbacks are the
sometimes frustrating nature of deal making in the biotechnology
industry. It takes months if not years of hard work to land strategic
corporate partnerships and the success rate from prospecting to deal
signing is as abysmal if not more so than the success rate of
discovering a new drug and bringing it to commercial launch (1 in a
100 if that). If you don't have a strong stomach for failure and are
someone who needs instant gratification, this is not a job for you.
What
advice do you have for someone who is thinking about pursuing a career
in your area?
My
advice would be to get experience in the sciences if you don't have
any and likewise experience in managerial decision-making and
financial analysis if those areas are not a strong suit. There are a
number of networking opportunities in New England for people
interested in meeting the movers and shakers of biotech business
development. A couple of good resources are the
Massachusetts Biotech
Council and the Harvard GSAS Biotechnology Club. These organizations
sponsor numerous events - many of which are open to the public - where
you can meet people and learn more about the business of science.
Getting a job in Business Development is all about networking. After
all ... that's our job.
What
do you look for in a potential job candidate/ what qualities are most
important for someone in your field?
Potential
job candidates (when positions are available - which is not often
given the limited number of these openings at any given time) must be
witty, smart, conversant, outgoing, deeply knowledgeable about the ins
and outs of drug development, well connected in the industry,
preferably have a science background (advanced degree) and/or an MBA,
and fit with the culture of the company.
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