Associate, New Ventures, Asset Selection

Associate – New Ventures, Asset Selection

RTW Investments

RTW Investments, LP (“RTW”) is a global, full life-cycle investment and innovation firm dedicated to solving the most challenging, unmet patient needs. We are focused on company building and identifying transformational and disruptive innovations across the biopharmaceutical and medical technologies sectors. Our investment philosophy combines a deep understanding of disease, biology, medicine, and technology with a comprehensive view of commercial opportunities and challenges. Our talented team brings hands-on expertise in targeted areas of innovation, dedicated to the diligent exploration and support of emerging breakthroughs in both industry and academia.

Our mission is simple: we power breakthrough therapies that transform the lives of millions.

RTW Investments – Recent Press

Role Overview

The Associate will work with the Managing Director and New Ventures team to identify and evaluate opportunities for company creation. The Associate will be responsible for developing investment theses for drug acquisition targets within a given therapeutic area.

This position is full-time and reports to the Managing Director, New Ventures.

Key Responsibilities

Source and maintain a pipeline of novel drug development ideas for NewCos within given therapeutic area(s)

Conduct proprietary research to analyze assets across science, disease, commercial, IP, CMC, clin dev, regulatory, and valuation verticals.

Write, pitch, and maintain investment notes for company ideas

Build pitch deck including recommended deal terms, clinical development, and financing

Develop expertise within therapeutic area(s) of coverage

Attend all relevant medical, banking and partnering conferences

Convert ideas into NewCos with successful PnL

Qualifications and Skills

Bachelor’s degree required, Advanced degree (MD or PhD) strongly preferred. All applicants MUST have a degree in and a strong understanding of biological sciences.

5+ years of experience focused on the biotech/pharmaceutical sector, buy-side role preferred

Also open to MD/PhDs with <5 years of experience who are looking to make a career switch

Ability to operate independently on both strategic and tactical tasks, and clearly articulate the process involved

Investor mindset, deep experience with producing research notes

Relevant academic or industry experience in the life sciences is preferred

Excellent written and verbal communication skills

Demonstrated tenacity in conducting detailed research and presenting findings

New York based with willingness to travel (15%)

The duties and responsibilities described are not a comprehensive list and additional tasks may be assigned to the employee from time to time.

Compensation & Benefits

Comprehensive medical, dental, and vision benefits

Healthcare concierge service

FSA and HSA savings plans

401(k) plan and company match

Employee Assistance Program (EAP)

Corporate fitness and wellbeing benefit (Gympass)

Pretax commuter benefits

The total compensation for this role includes a base salary, competitive bonus structure, and comprehensive benefits. The target annual cash compensation range is $305,000 to $335,000, though will be determined by a variety of factors including prior experience, relevant expertise , and the scope of responsibilities assigned.