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Formation Bio Jobs (NOW HIRING)

Formation Bio

Principal Data Scientist

New York, NY · On-site

$204K - $267K/yr

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 ...

Formation Bio

Senior Data Scientist

New York, NY · On-site

$177K - $232K/yr

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 ...

Formation Bio

Director, Data Science

Boston, MA · On-site

$235K - $307K/yr

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 ...

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$31.5K

$133.1K

$314.5K

How much do formation bio jobs pay per year?

As of Jun 22, 2026, the average yearly pay for formation bio in the United States is $133,062.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,000.00 and $202,000.00 per year, depending on experience, location, and employer.

What is Formation Bio?

Formation Bio is a technology-driven biopharmaceutical company focused on accelerating the development of new medicines. The company leverages advanced data science, artificial intelligence, and automation to streamline the drug development process and bring innovative therapies to market more efficiently. Formation Bio collaborates with partners across the healthcare ecosystem to address complex medical challenges and improve patient outcomes. Their unique approach aims to reduce costs and timelines typically associated with developing new drugs.

What are the key skills and qualifications needed to thrive as a professional at Formation Bio, and why are they important?

To thrive at Formation Bio, you typically need a background in life sciences, pharmaceuticals, or biotechnology, along with relevant academic qualifications or industry experience. Familiarity with drug development processes, laboratory information management systems (LIMS), and regulatory compliance tools is often required. Strong analytical thinking, problem-solving, and collaborative communication skills set candidates apart in this innovative environment. These skills and qualities are crucial for advancing drug development projects efficiently and maintaining high standards in a fast-evolving biotech industry.

What is the difference between Formation Bio vs Laboratory Technician?

AspectFormation BioLaboratory Technician
Required CredentialsBiotech or related degree, certifications in lab techniquesAssociate's or Bachelor's in science, lab certifications
Work EnvironmentBiotech companies, research labsHospitals, research labs, industrial settings
Industry UsageBiotech, pharmaceutical, researchHealthcare, research, manufacturing

Formation Bio professionals typically hold degrees in biotech or related fields and work mainly in biotech companies and research labs. Laboratory Technicians also have science degrees and work across healthcare and research settings. While both roles involve lab work, Formation Bio focuses on biotech-specific tasks, whereas Laboratory Technicians support a broader range of scientific and medical testing.

What are some typical projects or responsibilities for team members at Formation Bio?

Team members at Formation Bio often work on cross-functional projects that integrate data science, process optimization, and biological research to accelerate drug development. Responsibilities may include collaborating with scientists and engineers to streamline workflows, analyzing large datasets to inform decision-making, and developing innovative solutions to improve laboratory operations. The work environment encourages knowledge-sharing and interdisciplinary teamwork, allowing employees to contribute to both scientific discovery and operational excellence.
What cities are hiring for Formation Bio jobs? Cities with the most Formation Bio job openings:
Infographic showing various Formation Bio job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 70% Full Time, 26% Part Time, and 2% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $133,062 per year, or $64 per hour.

Director, Business Development - Search & Evaluation

Formation Bio

Boston, MA • On-site

$235K - $307K/yr

Full-time

Posted 19 days ago

Job description

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, 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
The Director of Business Development, Strategic Sourcing, will play a key role in identifying, evaluating, and managing early-stage assets and opportunities for Formation Bio's business development pipeline. This role will involve guiding potential opportunities from asset identification through to transaction closing, working closely with the business development team to identify outreach areas and drive deal flow within designated outreach regions.
Responsibilities
  • Leading deal-by-deal opportunity/asset teams from asset identification to transaction close
  • Collaborating with the BD team to identify target areas for outreach, focusing on strategic alignment with Formation Bio's goals
  • Owning and managing one or more designated business development outreach areas (e.g., big pharma, biotech companies, designated therapeutics areas)
  • Maximizing activity and ensuring high-quality deal flow in assigned outreach areas, developing a steady stream of opportunities
  • Conducting initial triage of opportunities, evaluating potential deals before engaging the broader diligence team to ensure strategic fit
  • Working cross-functionally with R&D, tech platform, and commercial teams to ensure smooth handoffs and successful transitions in the diligence process

About You
The ideal candidate will have a strong scientific background paired with business acumen, ideally with experience in search and evaluation, venture, or business development. This role requires someone who can identify assets that would benefit from Formation Bio's tech-enabled development capabilities and build relationships across the biotech and pharmaceutical industries.
  • PhD in biological science or MD with laboratory research experience strongly preferred.
  • 3-7 years of post-degree experience, with a combination of scientific and business expertise
  • Prior experience of biotech or pharmaceutical business development (search & evaluation), venture capital investing, or life sciences consulting is highly preferable.
  • Strong network within the biotech and pharmaceutical industries, with the ability to leverage contacts for sourcing early-stage assets; Enthusiastic about networking, relationship building, and externally-facing activities
  • An outgoing, motivated, and creative approach to business development
  • Curiosity and insight around the role of AI in drug development, clinical trials, and business development

This role offers the opportunity to help build the pharma company of the future, combining strategic asset acquisition with tech-enabled development capabilities to bring new treatments to patients faster and more efficiently.
Total Compensation Range: $235,000 - $307,000
Compensation Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience. Your offer will reflect where you fall within the range based on these considerations. In addition to base salary, we offer equity, comprehensive benefits, and generous perks. If the posted range doesn't match your expectations, we still encourage you to apply!
Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 3 days per week in office. Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered. Please apply only if you reside in these locations or are willing to relocate
Equal Opportunity Formation Bio is committed to building a diverse and inclusive team. We are an equal opportunity employer and welcome candidates from all backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.

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