Careers

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Fortress Biotech, Inc. is a biopharmaceutical company dedicated to acquiring, developing, and commercializing novel pharmaceutical and biotechnology products and technologies.

Our employees’ broad background and experience creates an innovative and inspiring work environment which helps our staff focus on pioneering solutions to difficult questions in pharmaceutical development. If you have a passion for science, business development, and possess the desire and dedication to help others, look no further than Fortress Biotech to help you achieve your personal and professional goals.

Our Fortress Culture
As a member of our team, you will be part of a changing and continuously growing inclusive culture of excellence where you are encouraged to learn and grow. As an Equal Opportunity Employer, our capabilities and business practices are regularly transforming to include new and diverse ideas and people in order to cultivate and sustain a culturally diverse workforce.

Career Opportunities

TITLE:

Director of Business Development

COMPANY:

Fortress Biotech, Inc. (“Fortress” or the “Company”) is an innovative biopharmaceutical company focused on efficiently acquiring, developing and commercializing or monetizing promising therapeutic products and product candidates. Fortress is a commercial stage life sciences company with a robust development stage pipeline and  a uniquely scalable and risk-averse business model. It is the parent company to four public partner companies and seven additional private subsidiaries, all focused on drug development and commercialization. Fortress has equity ownership in the partner companies ranging from ~18% to 82%, potential royalty streams of 4.5% from most partner companies and annual equity dividends of 2.5% from most companies. The Company reported record net revenue in the first half of 2022 of $42.8 million, an increase of 45.5% versus the first half of 2021. In 2021, the total R&D spend on Fortress’ programs exceeded $150 million. However, the R&D spend at Fortress was only ~$6 million, with the balance being covered by partner companies Fortress controls as well as partners of partner companies. Additionally, in most instances through equity, royalties and milestones, Fortress anticipates 20-40% of the total economics/value of these programs within several quarters to a few years after product launch. 

Fortress has in-licensed and/or acquired 60 products and product candidates since 2014 and it has more than 20 full and part time search and evaluate team members continuously scouring the globe for drug development candidates and already marketed biopharma products. Fortress currently has eight marketed pharmaceutical products and 31 development stage programs including 20 clinical-stage programs in 31 clinical trials, of which four programs are in seven pivotal clinical trials. One Biologics Licensing Application filing is expected by January 2023 for a monoclonal antibody in oncology. Fortress aims to become a positive cash flow earnings company quickly through a diversified development and commercialization portfolio without taking single product risk. The Company focuses on scaling existing partner companies and the creation of new subsidiaries through efficient and targeted business development. Our R&D pipeline comes from the over 14,000 unique clinical stage drug candidates all over the world supported by over $350 billion in spending. We find many of these opportunities are unknown enough to be very inefficiently priced.

A recent example of the business model is when Fortress found and acquired CAEL-101 from a major U.S. medical research center, and on a $200,000 investment, the Company sold CAEL-101 to AstraZeneca in the fourth quarter of 2021 for $150 million upfront and an additional $350 million in potential regulatory and commercial milestones in coming years. Fortress receives ~42% of total proceeds.

We are looking for a motivated, resourceful and experienced life sciences investor relations professional who will be excited by and excel at communicating our uniquely scalable business model to both life science investors and non-life science equity investors – particularly those that would value a very broad and deeply diversified portfolio of development stage and marketed products. The Director of Investor Relations is a core part of the Fortress team and will also work collaboratively with our 11 controlled companies and their teams. The position requires knowledge of life sciences investor relations.

Who We’re Looking For:

  • Driven individual looking to build a career in the biopharmaceutical industry
  • Role requires discipline and a strong work ethic
  • Must be able to network extensively and engage both academic and commercial sectors of biopharma
  • Exceptional organizational, analytical, interpersonal, and written and verbal communication skills
  • Strong understanding of key elements of drug research and development
  • Ability to work independently, as well as in a collaborative manner with other groups in the company
  • Cultivate substantive relationships and credibility with internal and external parties

Positive Attributes (NOT Requirements) Include:

  • MD, PhD, or MBA degree(s)
  • Life sciences investment, research, banking, and/or consulting experience
  • Knowledge of the pharmaceutical/biotechnology industry
  • Business development or related experience

Responsibilities Include, but Not Limited To:

  • Identify clinical-stage therapies for acquisition or license from key academic, corporate or other entities involved in drug research and development
  • Network extensively and establish and maintain relationships with leading academic researchers, clinicians and industry leaders; maintain list of contacts in CRM for networking and news distribution
  • Engagement with key opinion leaders in targeted therapeutic categories in order to find and diligence new product opportunities
  • Support due diligence activities and collaborate with other team members to develop diligence reports and materials
  • Detailed transaction status and asset diligence reporting

Minimum Eligibility Requirements:

  • Bachelor’s degree or equivalent experience is required
  • At least five years of previous experience in a related biotech or pharma consulting or similar role is preferred
  • Applicants should live in/close to Miami Beach or be willing to relocate
  • Must be eligible to work in the United States

Compensation:

  • Competitive including equity

Location:

  • Miami Beach location preferred with some travel required

Fortress Biotech, Inc. is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by applicable law.

Director of Business Development
Miami Beach, FL:
Apply Now

TITLE:

Accounts Payable Specialist

COMPANY:

Fortress Biotech, Inc. (“Fortress”) is an innovative biopharmaceutical company focused on acquiring, developing and commercializing drugs and therapies. Fortress is the parent company to multiple public and private companies, all focused on drug development and commercialization.

Fortress is seeking motivated and resourceful applicants to join our finance and accounting team. The Accounts Payable Specialist is a core part of the Fortress team which also works collaboratively with our 10 controlled subsidiaries and their teams.

POSITION:

The position will be located in our Waltham, MA office (hybrid), and is part of our Finance & Accounting team, reporting tthe Senior Manager, Accounting.

JOB DESCRIPTION:

Responsible for accounts payable processes and certain accounting functions. Compiles and maintains accounts payable records.

Duties and Responsibilities:

  • Assists with Accounts Payable and SOX Administration/Testing:
    • Manage the A/P inbox and ensure all invoices/statements are reviewed and processed in a timely manner.
    • Intercompany accounting including operating expenses, allocations and invoices.
    • Manages day-to-day financial activities and weekly check/ACH/wire runs, including online payments; ensuring necessary approvals are obtained prior tissuing payments.
    • Documents transactions and updates ledgers.
    • Analyzes and interprets financial data.
    • Monitors spending for adherence tPurchase Orders.
    • Audits expense reports for accuracy and processes expense reports.
    • Reviews all invoices for appropriate documentation and obtains approvals prior to payment.
    • Matches printed checks and wires to invoices.
    • Files invoices electronically.
    • Assists with contract approvals and purchase order requests.
    • Assist with monthly AP close and identification of accruals.
  • Participates in implementation of new financial management system (NetSuite).
  • Participates as needed in special projects and performs other duties as assigned, including those related to audit requests and 1099 reporting.

Position Type / Expected Hours of Work
Full-time, open to hybrid work arrangement with the expectation of being onsite in Waltham office 2-3 days per week.

Travel
No travel is expected for this position.

Education and Experience

  • Bachelor’s degree or equivalent experience is preferred.
  • Prior accounts payable or related experience required.
  • Experience with financial management systems, such as Sage and NetSuite, is preferred, but not required.
  • Knowledge of general accounting procedures, and knowledge of month end cut-off and accrual procedures.
  • Proficiency in data entry/management and experience with Microsoft Outlook, Word, and Excel.
  • Ability to work collaboratively with various departments and companies, while maintaining high level of adaptability and organization.
  • Demonstrates accuracy and thoroughness, as well as monitors own work to ensure quality while meeting productivity standards and completes work in a timely manner.

Fortress Biotech, Inc. is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard trace, color, religion, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by applicable law.

Accounts Payable Specialist
Waltham, MA :
Apply Now

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