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Senior Vice President, Innovation

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Quest Diagnostics

2mo ago

  • Job
    Full-time
    Expert Level
  • Research & Development
    Product
  • San Juan Capistrano

AI generated summary

  • You need a Master's in Life Science/Engineering, 15+ years in biotech/pharma, FDA knowledge, strong assay development skills, strategic thinking, and a track record in innovation and collaboration.
  • You will lead innovation strategy, oversee R&D, collaborate with teams, conduct market research, manage budgets, mentor staff, and track KPIs to drive impactful projects and enhance offerings.

Requirements

  • A Master’s Degree in a Life Science or Engineering-related field is required. A PhD or MD Degree is strongly preferred.
  • At least 15 years of experience working in a biotech, diagnostics, or pharmaceutical related field at a senior level in innovation, research & development, product development, or business development on a global scale.
  • At least 10 years of documented development success in a highly matrixed organization.
  • FDA experience, and knowledge of the regulatory landscape, is required.
  • Strong sufficiency in assay development methods: assay design, validation, clinical utility, etc.
  • Strong program management and execution skills – developing and executing new test launches on time and within budget.
  • Strong business acumen, and the ability to translate complex scientific concepts into pragmatic business plans.
  • Ability to think strategically and creatively, with a passion for advancing healthcare through innovation.
  • Evidence of strong strategic thinking, technical knowledge, communication, analytical, planning and organizational skills required, with demonstrated leadership capability and effective collaboration.
  • Proven track record of successfully leading innovation initiatives, and managing cross-functional teams.
  • Understanding of diagnostic testing, new technology assessment, and intellectual property.
  • A proven track record of creating and leading high performing and collaborative teams, and fostering a culture of accountability.
  • Knowledgeable of key elements of product development and pipeline management (i.e. pricing and reimbursement) as it relates to managed care and Medicare.
  • Strategic partnering experience at executive levels in large organizations (i.e. Pharma).
  • Strong credibility and network in medical and scientific communities globally.

Responsibilities

  • Develop and lead the innovation strategy in alignment with the company’s mission and business objectives.
  • Identify market opportunities and emerging trends to guide the innovation roadmap.
  • Oversee R&D initiatives to create new testing methods, enhance existing services, and improve operational efficiency.
  • Collaborate with scientific teams to translate research findings into practical applications.
  • Work closely with operations, Franchise, quality assurance, marketing, and regulatory teams to ensure successful implementation of innovative solutions.
  • Foster a collaborative environment that encourages idea sharing and teamwork.
  • Conduct comprehensive market research to assess customer needs and identify gaps in the current offerings.
  • Monitor the competitive landscape and technological advancements to inform innovation strategies.
  • Build relationships with key stakeholders, including healthcare providers, technology partners, and regulatory agencies (i.e. Pharma).
  • Engage in discussions to leverage insights and drive collaborative innovation efforts.
  • Develop and manage the innovation budget, ensuring effective allocation of resources to high-impact projects.
  • Monitor and report on project progress, outcomes, and ROI.
  • Recruit, mentor, and develop a high-performing Innovation team.
  • Promote a culture of continuous learning, creativity, and experimentation within the team.
  • Establish and track key performance indicators (KPIs) to measure the success of innovation initiatives.
  • Utilize data-driven insights to refine strategies and improve outcomes.

FAQs

What is the primary responsibility of the Senior Vice President, Innovation?

The primary responsibility of the SVP of Innovation is to drive the strategic vision and execution of innovative R&D programs within the organization, with a focus on developing new products and enhancing existing offerings to address human health challenges.

What qualifications are required for this position?

A Master's Degree in a Life Science or Engineering-related field is required, with a PhD or MD strongly preferred. Additionally, at least 15 years of experience in biotech, diagnostics, or pharmaceuticals at a senior level is necessary.

What experience is needed related to regulatory oversight?

The ideal candidate must have FDA experience and a strong understanding of the regulatory landscape related to biotech and diagnostics.

Will the SVP of Innovation oversee a team?

Yes, the SVP will recruit, mentor, and develop a high-performing Innovation team, promoting a culture of continuous learning and creativity.

Is collaboration across departments important in this role?

Yes, the SVP will work closely with operations, quality assurance, marketing, and regulatory teams to ensure the successful implementation of innovative solutions.

How important is market analysis to this role?

Conducting comprehensive market research to assess customer needs and identify gaps in current offerings is a crucial part of the SVP's responsibilities.

What skills are necessary for success in this position?

Strong strategic thinking, technical knowledge, communication, analytical, planning, and organizational skills are essential, along with proven leadership capability and the ability to foster collaboration.

How does the SVP of Innovation contribute to revenue generation?

The SVP will share revenue ownership through organic growth initiatives, aggressive esoteric test development, licensing technology, and executing product development strategies.

Are there specific performance metrics that will be tracked?

Yes, the SVP will establish and track key performance indicators (KPIs) to measure the success of innovation initiatives and utilize data-driven insights to refine strategies and improve outcomes.

What type of culture does the organization aim to foster?

The organization aims to foster a culture of creativity, collaboration, accountability, and continuous learning within the Innovation team.

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Quest Diagnostics

Working together to create a healthier world, one life at a time.

Science & Healthcare
Industry
10,001+
Employees
1967
Founded Year

Mission & Purpose

Quest Diagnostics (NYSE: DGX) empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 47,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. The company offers physicians the broadest test menu (3,000+ tests), is a pioneer in developing innovative new tests, is the leader in cancer diagnostics, provides anatomic pathology (AP) services, & interpretive consultation through its medical & scientific staff of about 900 M.D.s & Ph.D.s. The company reported 2020 revenues of $9.44 billion. Quest Diagnostics offers the most extensive clinical testing network in the U.S., with laboratories in most major metropolitan areas, & in Mexico, the UK & India. The company also operates four esoteric laboratories, 40 outpatient AP laboratories, & 160 smaller, rapid-response laboratories. Patients may have specimens collected in any of the company’s approximately 2,250 patient service centers. On a typical workday, testing is performed for about 550,000 patients. Quest Diagnostics empowers healthcare organizations & clinicians with state-of-the-art connectivity solutions. The company is the leading provider of pre-employment drugs-of-abuse screening for employers & risk assessment services for the life insurance industry. It is the world’s 2nd largest provider of clinical trials testing for new pharmaceuticals.