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What are the key skills and qualifications needed to thrive as an External Innovation Specialist in the pharmaceutical industry, and why are they important?

To excel as an External Innovation Specialist in pharmaceuticals, you need a strong scientific background, expertise in drug development, and knowledge of partnership or licensing processes, typically backed by an advanced degree in life sciences or related fields. Familiarity with databases for scouting technologies, intellectual property management systems, and project management tools is highly valued. Outstanding networking, negotiation, and analytical thinking skills set professionals apart in this collaborative and strategic role. These capabilities are crucial for identifying and securing external opportunities that drive innovation and long-term growth in a competitive industry.

What is external innovation in the pharmaceutical industry?

External innovation in the pharmaceutical industry refers to the process by which companies seek new ideas, technologies, or products from outside their own organization. This often involves collaborating with academic institutions, biotech startups, or other pharmaceutical companies through partnerships, licensing agreements, or acquisitions. The goal of external innovation is to accelerate drug discovery and development, reduce costs, and bring innovative medicines to market more efficiently. It complements internal research and development efforts by leveraging external expertise and resources.

How does the External Innovation role in pharmaceuticals typically collaborate with internal R&D and external partners?

In an External Innovation Pharmaceutical role, professionals act as a bridge between internal research teams and external partners such as biotech firms, academic institutions, and startups. Collaboration involves identifying promising technologies or assets outside the company, facilitating due diligence, and aligning external opportunities with internal R&D objectives. Regular cross-functional meetings and joint project teams are common, ensuring transparent communication and alignment of goals. This collaborative approach accelerates innovation while managing potential risks and intellectual property concerns.

What is the difference between External Innovation Pharmaceutical vs External Innovation Pharmaceutical?

AspectExternal Innovation Pharmaceutical

Since the comparison is with the same job title, there is no difference between External Innovation Pharmaceutical and External Innovation Pharmaceutical. Both roles focus on identifying and collaborating with external partners to drive pharmaceutical innovation, requiring similar credentials, work environment, and industry usage. This role typically involves liaising with biotech firms, academic institutions, and other external entities to source new drug candidates or technologies, making it a key position in pharmaceutical R&D collaborations.

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External Innovation Pharmaceutical jobs near you
Infographic showing various External Innovation Pharmaceutical job openings in the United States as of June 2026, with employment types broken down into 36% Full Time, 59% Part Time, and 5% Contract. Highlights an 89% Physical, 5% Hybrid, and 6% Remote job distribution.
Associate Director Business Development Search and Evaluation (Oncology)

Associate Director Business Development Search and Evaluation (Oncology)

LG

Boston, MA • On-site

Full-time

Posted 18 days ago

LG Electronics rating

7.5

Company rating: 7.5 out of 10

Based on 40 frontline employees who took The Breakroom Quiz

74th of 139 rated electronics manufacturers

Job description

"We connect science to life for a better future."
With 50,000 patents, 20,000 employees and 58 locations worldwide, LG Chem is one of the largest science and chemical companies in the world. With its rapid growth, LG Chem endeavors to become a 'Global Top 5 Chemical Company' with a balanced business portfolio that has a competitive advantage across the globe, including business divisions in petrochemicals, advanced materials, life sciences, and a subsidiary specializing in batteries.
LG Chem is a leading chemical company in Korea that has continuously achieved growth through relentless challenges and innovation since its establishment in 1947. From the infrangible facial cream lid to the world's most advanced batteries, LG Chem has turned dreams into reality and enriched our lives for 70 years. Building upon a balanced and globally competitive business portfolio, LG Chem manufactures a wide range of products from high-value added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials such as cathodes, as well as drugs and vaccines to deliver differentiated solutions for its customers.
Beyond a chemical company, LG Chem will become a leading science-oriented corporation that creates value for our customers and is committed to reaching carbon-neutral growth by 2030 and net-zero emissions by 2050 by managing the impacts of climate change and making positive contributions to society through renewable energy and responsible supply chains.
LG Chem Life Sciences USA is looking for an Associate Director of Search & Evaluation to be a key driver in LG/AVEO's oncology external research and innovation strategy, leading efforts to identify novel therapeutic assets and platform, and cultivate, and advance external research collaborations and scientific partnerships. Reporting to the Senior Director Business Development, you will play a critical role in shaping the company's external R&D strategy and advancing LG/AVEO's mission to make life better for people with cancer. Your ability to build high-value scientific partnerships and translate external innovation into impactful oncology programs will directly influence the long-term success of the pipeline. This position is based in our office in Boston, MA.
PRINCIPAL DUTIES (Responsibilities):
  • Closely collaborate with R&D to facilitate the development and execution of an External Research & Development strategy that contributes to the company's oncology pipeline, scientific objectives, and long-term vision
  • Identify and evaluate novel therapeutic assets and platform technologies, and establish external research collaborations, academic partnerships, and strategic scientific alliances, as appropriate.
  • Lead end-to-end scientific evaluation and diligence of external oncology research and early clinical opportunities, including target biology, modality, and translational potential
  • Lead cross-functional teams (R&D, Clinical, Commercial, Regulatory) to conduct in-depth due diligence, ensuring high-quality, data-driven decisions.
  • Develop and present comprehensive business cases, evaluations, and recommendations (go/no-go) to senior leadership and governance committees.
  • Execute external innovation and scientific intelligence efforts by staying informed of emerging oncology research, competitive landscape, and technology trends
  • Build and expand LG Chem's external scientific network through engagement with academic investigators, biotech partners, and key opinion leaders

REQUIRED QUALIFICATIONS/EXPERIENCE (BASIC QUALIFICATIONS):
  • PhD in a Life Sciences discipline, with focus on Oncology, Cancer Biology, Molecular Biology, Immunology preferred
  • Minimum of 7 years of experience in pharmaceutical or biotechnology research and development, with at least 5 years of experience in R&D Business development or equivalent role in Oncology
  • Demonstrated experience supporting or managing external research collaborations, academic partnerships, or early-stage biotech engagements
  • Deep understanding of oncology drug discovery and development, including translational research and early development considerations
  • Strong scientific judgment with the ability to evaluate external research opportunities and inform R&D strategy
  • Exceptional communication and presentation skills, with the ability to engage scientific, clinical, and senior leadership stakeholders
  • Strong cross-functional collaboration skills and emotional intelligence to operate effectively in a matrixed environment
  • Self-motivated and driven, with the ability to manage multiple external initiatives independently
  • Analytical mindset with a focus on scientific rigor, data-driven decision making, and problem solving

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, gender, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any characteristic protected by applicable federal, state, or local law.

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