Product Portfolio Manager

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries. 

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable.  Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Job Summary
We are looking for a Portfolio Manager responsible for driving growth strategies, conducting market analyses, and collaborating with cross-functional teams. This role involves developing Portfolio Strategies in sync with DRL's near and long-term growth objectives, product roadmaps, building business cases, evaluating commercial interests and taking make vs buy calls.

Roles & Responsibilities

Your major responsibilities would include:

• Ideation and Selection of key products based on thorough business/financial and technical analytics
• Identifying unmet patient/clinical needs and monitoring latest research & trials, to generate opportunities for complex generics [NDDS] and enhanced generics [505(b)2]
• Creating detailed business strategies for NCE-1/ Day-181 development candidates taking calculated decisions on VI Vs external APIs and IH Vs CMO manufacturing considering project costs and timelines
• Monitoring and enhancing portfolio performance through Stage-Gate Analysis, using IMS sales data, IP updates and internal project progress.
• Continuously optimizing/ enhancing products portfolio considering the short & long-term commercial objectives of DRL, through planned launches at regular intervals
• Enhancing project gross margins and free cash flows through effective strategic planning and timely execution
• Ensuring maximum utilization of R&D and manufacturing capacities through bandwidth streamlining to maximize RoIs and minimize costs
• Liaising with commercial heads of DRL’s key markets of interest (US, EU, EM, IN, JP, RoWs) and ensuring leverage of existing assets through market extensions to maximize revenue potential
• Identifying potential partners/ vendors to deliver critical projects expanding development and manufacturing capabilities and supporting project teams in deal’s (terms) negotiation and finalization
• Re-validating existing assets at regular intervals to ensure relevance and profitability, while identifying non-performing assets for pruning
• Proposing capex/ bandwidth enhancements wherever required vs external manufacturing basis detailed RoI calculations and utilization assessments
• Mitigating the risk posed by external factors such as increased competition, new legislations, pricing pressure and increased costs of raw materials

Adoption of software platforms for automating portfolio process reducing reliance on manual processes

Educational qualification: M Pharm/ MBA from Tier I or Tier II Management Institutes

Minimum work experience: 5 to 8 years, preferably in pharmaceutical background; minimum 2 years of functional experience in Portfolio Management

Skills & Attributes:

• Strong Business and Financial acumen
• People & Stakeholder Management
• Strong work ethic and organizational focus

Technical Skills:

• Commercial & competitive landscape
• Focused TAs and current/ future standards of care
• Patient pool dynamics (EPI/ Incidence data)
• KoL views and latest medical literature
• Early stage (Clinical P-II/III) candidates
• IP strategy- requirement of new salts/ polymorphs (early entry, better stability)
• Opportunity assessment (Differentiated, Innovative & Niche products; shortages; Back orders, Specialized Distribution Channel Products, Off-Patent off-Exclusivity products with no Gx, Unexplored Markets for existing assets)
• Improved (more efficient) RoS and regular CIPs
• Special API requirements (PSD for drug-device combo)
• Commercial and Paid databases

Behavioral Skills:
• Effective project management skills, ensuring successful planning and execution.
• Proficiency in communication, networking, and interpersonal skills, facilitating connections with internal and external stakeholders.
• Ambition and a self-driven attitude, actively pursuing goals and taking initiative.