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 mission of the US Pricing and Reimbursement team is to optimize patient access and portfolio value as we bring new medicines to patients in need. We deliver pricing and access strategies for the Teva portfolio of Innovative and Biosimilar products (in-market, pipeline, and launch) and provide critical input into business development assessments. Our long-term pricing plan is updated annually, at a payer segment level, and monitored and optimized quarterly.
The Director, Pricing and Reimbursement is accountable for developing and implementing pricing recommendations, evaluating GTN and profitability, supporting launch readiness and in-market asset optimizations, managing access and reimbursement initiatives, and providing strategic guidance on contracting opportunities with commercial, government, and institutional accounts, for select products in the portfolio. The Director ensures pricing and access decisions align with business objectives and competitive dynamics. The Director leads the assessment of market trends, the payer landscape, the competitive environment, healthcare policy developments, and customer needs to inform pricing and contracting strategies across the portfolio. The Director partners with Value and Access Strategy, Strategic Contracting, Marketing, Government Pricing, Finance, Insights, Forecasting, Public Policy, Global, and Legal on pricing and access initiatives. The position requires strong cross-functional leadership, analytical rigor, strategic thinking, and the ability to influence stakeholders at all levels of the organization.
All areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
• Lead lifecycle pricing and access strategy and analytics for assigned inline, pipeline, launch and business development products
• Drive strategic discussions related to pricing and access options and scenarios
• Partner with insights team to conduct relevant pricing market research and analyze secondary data to understand customer perspectives
• Monitor evolving healthcare legislation, the competitive access landscape, and payer dynamics to adjust strategic approaches
• Annually update the long-term pricing plan based on business objectives and market dynamics
• Deliver scenarios and recommendations for WAC, net price by channel, and access goals to optimize net revenue for launch products
• Monitor portfolio performance and identify opportunities to optimize pricing, access, utilization, and profitability
• Provide input and guidance to the Global organization with US perspective on pricing and reimbursement for pipeline products and business development assessments
• Present recommendations and strategic insights to executive leadership
• Apply for HCPCS codes and support applications in hearings and CMS communications
• Timely reporting of state price transparency requirements
• Ensure compliance with all applicable pricing, contracting, and healthcare regulations
This role is critical in ensuring the organization achieves optimal patient access while balancing financial performance and long-term portfolio growth.
Any equivalent combination of education, training, and/or experience that fulfills the requirements of the position will be considered.
• Bachelor’s degree required; MBA, MPH, PharmD, or related advanced degree preferred
• 10 years of experience in pharmaceutical pricing strategy, contracting analytics, value and access, finance, or forecasting
• Deep understanding of the US healthcare system, government and commercial reimbursement, contracting, and the drivers of pharmaceutical value across stakeholders
• Understanding of federal/state policies and resulting pricing and access implications
• Advanced analytical, financial modeling, and strategic planning capabilities
• Strong interpersonal, communication, and influencing skills combined with an ability to successfully collaborate in a matrix organization
• Proven ability to lead cross-functional initiatives and enable decisions of senior stakeholders
LOCATION
This is a hybrid position (3 days/week onsite) based in the Parsippany, NJ office.
TRAVEL REQUIREMENTS
Approximately 10% domestic travel within the US.
• Sitting for extended periods of time at workstation or mobile equipment.
• Perform activities such as computer work, preparing and analyzing data, and extensive reading.
WORKING ENVIRONMENT
• May be required to wear personal protective equipment (PPE) as needed on site visits (i.e. safety glasses, hearing protection, gloves, etc.).
The annual starting salary for this position is between $176,880 – $221,100 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
· 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.
The total compensation may also include restricted stock units and discretionary awards, depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
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Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
Please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience. Request a reasonable accommodation by sending an email to AskHR@tevapharm.com with the nature of your request and your contact information. Only inquiries concerning a request for a reasonable accommodation will be responded to from this email address.
Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
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