Business Development
SPERTON India - Where Great People Meet
Experience: 6–8 Years
Qualification: B. Pharm / M. Pharm / M.Sc. (Pharmaceutical Sciences, Chemistry, or Life Sciences) / MBA (Marketing) preferred but not mandatory
Location: Vashi
About The Company
Theta Beta is a technology-focused company that provides AI, data, and digital transformation solutions to help businesses improve efficiency and decision-making. It works with organizations to build technology-driven solutions tailored to their business needs.
About The Role
We are looking for an experienced and highly motivated Business Development Manager to drive business growth for our pharmaceutical formulation development and analytical R&D services. The ideal candidate should have a strong understanding of pharmaceutical product development, CRO/CDMO services, and the generic pharmaceutical industry. The role involves identifying new business opportunities, developing strategic customer relationships, and achieving revenue targets across domestic and international markets.
Key Responsibilities
Business Development
- Identify and generate new business opportunities for formulation development, analytical development, reverse engineering, and regulatory support services.
- Develop and execute strategic sales plans to achieve quarterly and annual revenue targets.
- Build and maintain relationships with pharmaceutical companies, biotech firms, and virtual pharmaceutical organizations.
- Generate leads through networking, conferences, digital platforms, and customer referrals.
- Prepare technical and commercial proposals in collaboration with scientific teams.
- Conduct customer presentations and technical discussions to understand project requirements.
- Develop long-term relationships with key decision-makers, including R&D Heads, Procurement Heads, Business Development teams, and Technical Directors.
- Manage the complete sales cycle from lead generation to contract signing.
- Ensure high customer satisfaction and identify opportunities for repeat business.
- Coordinate customer visits, technical meetings, and project kick-off discussions.
- Monitor market trends, competitor activities, and emerging technologies.
- Identify new therapeutic areas and market opportunities.
- Maintain a database of target customers across India and global markets.
- Participate in industry conferences, exhibitions, and business networking events.
- Work closely with formulation scientists, analytical scientists, regulatory teams, and project management to develop competitive proposals.
- Coordinate project costing, timelines, and resource planning.
- Support contract negotiations and commercial discussions.
- Ensure smooth handover of projects after business closure.
- Strong understanding of pharmaceutical formulation development, analytical development, and generic product development.
- Knowledge of CRO/CDMO business models.
- Familiarity with ANDA, EU, ROW, and regulated market development is desirable.
- Excellent communication, negotiation, and presentation skills.
- Strong commercial acumen with the ability to understand customer technical requirements.
- Ability to independently manage multiple customer accounts.
- Willingness to travel extensively within India and internationally.
Candidates should have experience in one or more of the following:
- CROs
- CDMOs
- Pharmaceutical R&D organizations
- Analytical testing laboratories
- Pharmaceutical formulation development companies
- Annual business revenue achieved.
- Number of qualified leads generated.
- Proposal-to-order conversion rate.
- Number of new customer acquisitions.
- Repeat business from existing customers.
- Customer satisfaction and retention.
- Sales pipeline value.
- Achievement of quarterly and annual targets.
- Generic pharmaceutical companies
- Specialty pharmaceutical companies
- Topical formulation companies
- Injectable formulation companies
- Academic institutions requiring analytical and formulation support
- Self-driven and target-oriented.
- Strong networking and relationship-building skills.
- Entrepreneurial mindset with excellent problem-solving ability.
- Professional, confident, and customer-focused.
- Ability to work independently as well as in cross-functional teams.
- Competitive fixed salary based on experience.
- Attractive performance-linked incentives.
- Travel reimbursement.
- Career growth opportunities in business leadership.