These sure are interesting times. As a sole practioner I am still very busy within the biotechnology industry. Currently, I am working on the following positions:
1. Deputy Director of Raw Materials (Pharma company in Toronto)
2. Vice President/CSO in vitro Diagnostics start-up in Toronto
3. Executive Vice President/CSO of a small molecule drug discovery/development company in the Pacific Northwest
4. Director of Development, Radiopharmaceutical company
Recently, I have closed deals ranging from VP Sales and Marketing, Analytical Chemist, Director Medical Affairs.
I think the biopharma industries are going to be hit, and hit hard in this economy, but drug discovery and the search for scientific pursuits will not stop. Plus, I also have read in a few places and spoken with some experts that suggest the VC money will still be flowing, and the big pharma companies, who are still cash rich (pipeline poor) will seek out smaller start-ups in early development to either partner with or right-out purchase.
I am surprised at how many executives are still willing to relocate, or believe that they can relocate without too much of a loss on their real estate holdings. Yet, I do have a candidate that relocated for a job 8 months ago from Philly to San Francisco and now owns a house she paid over $2million dollars for in Philly, and a house in San Fran worth about the same. She is VERY open to relocating to Canada, perhaps to be a bit of a "mortgage dodger"?? Who knows, but this is definitely an interesting time.
What will happen in the new year is yet to be determined.
As a scientist, NOT a headhunter, I became excited when I saw the following two blogs
1. http://www.fiercebioresearcher.com/ which is a blog about drug discovery and the pharmaceutical industry. Check it out
2. http://www.biojobblog.com/ The name speaks for itself. There are some amazing links, including the "ask the recruiter" section of the site. I strongly encourage everyone to surf over to these to blogs and enrich their brain.
Tuesday, November 25, 2008
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