Head - New Product Development

Role: Head - New Product Development

Location: Powai, Mumbai (https://goo.gl/maps/qnuQ889vpSUbgZn88)

Kindly note that this is a ‘Work from Office’ Role that requires travel to various manufacturing sites

Job Description:

Truemeds is looking for Head of New Product Development to spearhead the creation and growth of our private label medicine brand. This role will require the candidate to lead the pharmaceutical manufacturing vertical, work closely with contract manufacturers and launch over 300 brands in the next 18 months. Successful candidate will lead cross-functional teams, manage the product development lifecycle, and ensure that our products meet the highest standards of quality and regulatory compliance.

Responsibilities:

1.      Strategic Leadership:

• Develop and execute the product development strategy for the private label medicine brand.
• Identify market trends and opportunities to drive product innovation and differentiation.
• Collaborate with senior leadership to align product development goals with overall business objectives.

2.      Product Development:

• Oversee the end-to-end product development process, from concept to commercialization.
• Manage the development of new pharmaceutical formulations, ensuring compliance with regulatory standards.
• Lead quality assurance, regulatory affairs, and manufacturing teams to bring new products to market.

3.      Market Research and Analysis:

• Conduct market research to identify customer needs, competitive landscape, and potential product gaps.
• Analyse data to inform product development decisions and prioritize initiatives based on market demand and business potential.

4.      Project Management:

• Lead cross-functional project teams, ensuring timely and successful product launches.
• Develop and manage project timelines, budgets, and resources.
• Monitor project progress, identify risks, and implement corrective actions as needed.

5.      Quality and Compliance:

• Ensure all products meet stringent quality and regulatory standards.
• Collaborate with regulatory affairs to navigate the approval process for new products.
• Implement and maintain robust quality control procedures throughout the product development lifecycle.

6.      Partnership and Collaboration:

• Establish and maintain strong relationships with key stakeholders, including suppliers, contract manufacturers, and external partners.
• Negotiate contracts and manage partnerships to support product development goals.

7.      Team Leadership:

• Build and mentor a high-performing product development team.
• Foster a collaborative and innovative work environment that encourages professional growth and development.

Desired Skills and Expertise:

·      Bachelor’s degree in Pharmacy, Pharmaceutical Sciences, Chemistry, or a related field. An advanced degree (MBA, PharmD, or equivalent) is preferred.

·      Minimum 7 years of experience in pharmaceutical product development, with a focus on generic or private label medicines.

·      Proven track record of successful product launches in the pharmaceutical industry.

·      Strong knowledge of FDA regulations, GMP, and other relevant regulatory requirements.

·      Excellent project management skills, with the ability to manage multiple projects simultaneously.

·      Strong analytical and problem-solving skills.

·      Exceptional communication and interpersonal skills.

·      Demonstrated leadership experience with the ability to inspire and manage a team.

About Truemeds:

Our vision is to make healthcare affordable and accessible to all. We are a technology-driven, telehealth platform that aims to reduce healthcare expenses multi-fold and improve healthcare outcomes by democratizing medicine purchases in India. Truemeds is able to recommend best value medicines from top 30 pharma brands in India to customers with precise scientific matching and outcomes history leading up to 70%+ savings for customers!

No one should have to choose between their health and their healthcare costs. With this vision - we aim to make healthcare affordable and accessible to all. We are a technology driven, tele-health platform that aims to reduce healthcare expenses and improve healthcare outcomes by democratising medicine purchase in India. We aim to become the go-to e-pharmacy for the “Smart consumer” to go for best value medicines.

Founded by Ex-Abbott executives, Akshat Nayyar and Dr. Kunal Wani, Truemeds has witnessed phenomenal growth in the last 2 years on the back of strong product-market fit and massive organic demand. We have grown at a phenomenal pace with customer love – 140X growth delivered in the last 3 years. Headquartered in Mumbai, we are building a kick-ass team which is passionate to build innovative solutions and willing to go the extra mile to ensure the customer has the best experience. Truemeds has raised ~USD 50M till date from marquee long term investors, Westbridge Capital, InfoEdge Ventures, Asha Impact and IAN Fund. The company plans to utilise the funds to expand in the domestic market and grow exponentially in the days to come.