Director New Product Strategy - US Generics
Teva Pharmaceuticals
Parsippany, NJ
We’re Teva We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together. The opportunity A key driver of maintaining Teva’s Generic Powerhouse for US Generics is the launches that come from our in-house development and 3rd party partners. As Director, New Product Strategy (NPS) your challenge is to manage all US generic new product launches in a close relationship with the market. This position will be responsible for direct management of the New Product Strategy team and report to the Senior Director, New Product Strategy & Launch. You have a central role in which you coordinate the process from ANDA submission through to launch. It’s a position with many local and global interfaces and a responsibility that significantly impacts our business. The Director, New Product Strategy will help oversee and manage the activities of the New Product Strategy launch managers. This includes providing guidance on strategic and tactical execution of new product strategy and planning from the time the product is selected for development to approximately 6 months after product launch. You and your team will also collaborate with R&D during development to provide commercial input and identify risks to launch strategy. The job incumbent and team will monitor the product through major capital investments, litigation, regulatory interfaces and pre-launch/validation/launch activities. Working in coordination with key stakeholders in Generic R&D, Operations, Legal Affairs, Regulatory Affairs, Quality Management, Supply Chain, Global Purchasing, Business Development and Sales & Marketing; the Director will ensure on time launch of new products within Teva USA. The New Product Strategy team will assist in the development of the launch strategy, identify risks, monitor issue resolution, and manage key project milestones as part of the coordinated effort. The Director will ensure that his/her team will raise red flags if milestones are not reached or when financial terms require re-evaluation of the launch strategy. The Director will also facilitate escalation of key risks and decisions to the appropriate forums, including coordination and participation in the Weekly Launch meeting and Executive Launch meeting. How You’ll Spend Your Day
- Manage team that provides strategy for development of new product plans including all activities from the time of FDA submission to product launch with focus on 3rd party partners.
- Report progress on execution of the plans, identify risks, highlight issues in conjunction with recommended solutions and seek input/approval from the management team for plan changes as required. Collect and assimilate information regarding future new products from pertinent inside resources and functional areas as well as outside information resources. Develop, with the appropriate functional areas, the launch strategy for each new product including: characterization / scale-up, validation and launch plans, financial analysis, and regulatory/legal/process impacts and risks. Communicate this strategy to the appropriate personnel involved in the launches
- Attract, manage, coach, develop and retain a talented team to effectively achieve success. Build on a collaborative environment that is conducive to intentional development, and supports individuals to achieve their full potential and maximize their contribution to Teva
- Work with stakeholders to define major milestones and report/resolve issues with meeting these dates. Establish accountability and drive target completion of all major milestones associated with each individual new product launch project.
- Provides guidance and direction to R&D and operations site project managers during all phases of the new product development and commercialization that impact launch strategy.
- Work to ensure the successful and timely execution of new product launch plans. This is achieved through tight coordination with sales, marketing, supply chain, manufacturing, distribution, regulatory, quality and legal affairs.
- Manage changes in scope based on changing strategic direction and properly/ timely communicate changes.
- Develop contingency plans (‘what ifs”) for pertinent launches and define launch strategies for each scenario.
- Represent sales and marketing in new product launch related activities including trade-dress review prior to launch, forecast review and management, competitive analysis, scenario planning, and sales / share assessments.
- Maintain critical launch information and strategic reports utilizing Planisware
- Bachelor’s degree in a technical science required; master’s degree or Science and/or Masters in Business Administration preferred.
- A minimum of 10 years progressive experience in the pharmaceutical industry required with a minimum of 2 years in generics preferred.
- Direct working experience, within the pharmaceutical industry, in Project Management, Manufacturing Operations, Commercial, Supply Chain, Quality, Regulatory, or Research & Development.
- Experience working for a multi-national matrix organization, directly supporting a global function.
- New product launches is preferred
- Strong experience and knowledge of data collection, analysis and PM systems: Oracle, BI, PSNext, Microsoft Word, Excel, PowerPoint, MS Project
- Demonstrates excellent project management and negotiation skills to accomplish goals and influence colleagues
- Commercial sense and strong influencing skills
- Develops and presents appropriate strategies and solutions
- Excellent organization and time management skills.
- Demonstrates excellent meeting management skills
- Uses sound judgment to make appropriate decisions
- Excellent communication skills, both written and verbal
- Demonstrates the ability to negotiate team resources and manage competing priorities.
- Demonstrates the ability to interact with all levels of staff internally, externally, and globally
- Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
- Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
- Time Off: Paid Time Off including vacation, sick/safe time, caretaker time and holidays.
- Life and Disability Protection: Company paid Life and Disability insurance.
- Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
Posted 2026-02-05
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