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Full-Time

Business Development Lead

Boston

Posted on 6/27/2024

Probably Genetic

Probably Genetic

11-50 employees

Provides free at-home genetic testing services

Data & Analytics
Hardware
Social Impact
AI & Machine Learning
Biotechnology
Healthcare

Senior, Expert

Boston, MA, USA

Category
Business Development
Business & Strategy
Required Skills
Market Research
Sales
Requirements
  • Proven business development / sales track record with 5+ years in related roles
  • Understanding of dynamics and issues in the biopharma industry
  • Existing relationships in the biopharma industry
  • Experience negotiating across multiple levels of an organization
  • Able to travel at least once per month
Responsibilities
  • Identify new opportunities and target potential clients
  • Conduct market research and analysis
  • Initiate contact with potential customers
  • Build strategic relationships with potential customers
  • Negotiate and drive sales
  • Collaborate internally to drive scalable growth

Probably Genetic provides genetic testing services specifically for individuals with rare diseases. Their main offering is a free at-home genetic testing kit, which allows patients to collect DNA samples conveniently from their homes. After the samples are sent back, the company analyzes the DNA to help patients receive accurate diagnoses and genetic counseling. Unlike many competitors, Probably Genetic operates its program at no cost to eligible patients by funding it themselves and managing all data collected. This data, once de-identified, can be shared with research institutions and pharmaceutical companies, creating a revenue stream for the company. The goal of Probably Genetic is to assist patients in overcoming the challenges of obtaining timely and accurate diagnoses for rare diseases while also contributing to research in this critical area.

Company Stage

Pre-seed

Total Funding

$11M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

50%

1 year growth

118%

2 year growth

242%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnerships with foundations like SCN2A and APBD Research Foundation enhance Probably Genetic's credibility and expand access to their services.
  • The free at-home testing model lowers barriers for patients, potentially leading to higher adoption rates and more comprehensive data collection.
  • The company’s innovative approach to data monetization can attract significant interest from research institutions and pharmaceutical companies.

What critics are saying

  • Reliance on data monetization could raise ethical concerns and potential regulatory scrutiny.
  • The niche focus on rare diseases may limit market size and growth potential.

What makes Probably Genetic unique

  • Probably Genetic offers free at-home genetic testing, a unique approach in the genetic testing market, particularly for rare diseases.
  • Their business model of monetizing de-identified patient data for research purposes provides a sustainable revenue stream while advancing rare disease research.
  • The company’s focus on rare diseases fills a critical gap in the healthcare system, offering timely and accurate diagnoses that are often hard to obtain.
INACTIVE