Compensation Overview

About Formation Bio

Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development. 

Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others. 

You can read more at the following links:

• Our Vision for AI in Pharma
• Our Current Drug Portfolio
• Our Technology & Platform

At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.

About the Position

As a Lead Product Manager, you will help execute on our tech strategy through 0-to-1 product conceptualization, rigorous research and experimentation, and iterative development of new products. You will interview, shadow, and collaborate with colleagues throughout the company, including our Medical/R&D, Biometrics, Clinical Program Management, and Clinical Operations teams to help identify solutions to their unique challenges. There won’t be established precedents for much of what you work on, but you will see that as an opportunity to innovate!

Product Management at Formation Bio is very solutions-oriented and entrepreneurial. While building in-house products is a core competency, it is by no means a boundary–you should expect to influence process, help develop non-technical solutions, and know when it’s appropriate to license 3rd party software to solve problems.

About You

• You’ve got 5+ years of product management experience, including building new and/or experimental products
• You are a quick learner with a deep intellectual curiosity
• Your interests and passions aren’t limited to the products you build: you’re just as interested in the adjacent processes, the people and teams involved, and accomplishing the company’s objectives
• You are following the rapid evolution of LLMs and other AI solutions and have thoughts and opinions on how this will impact the future of product development
• You thrive working with uncertainty and ambiguity–you know how to test hypotheses quickly, drive prioritization, and execute on action plans that solve problems from top-level strategic goals down to in-the-weeds operational details
• You’re the type of PM who will roll up your sleeves and do what it takes to make your product and team successful
• You have a track record of leading high-performing teams and shipping successful products from genesis to launch and beyond
• You either have experience developing solutions for internal stakeholders or at least a strong desire to do so
• You have pharmaceutical or life sciences industry experience or a deep interest in the space

We offer competitive compensation because we want to hire the best people and reward them for their contributions to our mission. We pay all employees competitively relative to the New York City market, regardless of their location. In compliance with NYC’s pay transparency law and in pursuit of pay equity and fairness, we publish salary ranges for all open roles at Formation Bio. The target salary range for this role is $190,000 - $240,000.

On top of base salary, we also offer equity, generous perks, location flexibility, and comprehensive benefits – learn more about them and our compensation philosophy here.

If this range doesn’t match your expectations, please still apply because we may have something else for you.

#LI-hybrid

You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.