Director, Ventures & Strategic Alliances - Venture Fund

Labcorp is seeking a Director - New Ventures and Strategic Alliances, Labcorp Venture Fund to join our team in Durham, NC!

1st shift hours with hybrid work model availability.

Reporting to the Vice President of New Ventures & Strategic Alliances (NVSA), the Director will, in partnership with the broader NVSA team, work closely with Labcorp's executive team, senior business and commercial leaders, scientific and technical experts, as well as external entrepreneurs and investors to successfully identify, negotiate, execute, and manage Labcorp Venture Fund equity investments in early-stage private companies developing novel solutions to important problems in health and healthcare.

This role is a key contributor to bringing innovation and strategic opportunities to the company. As part of the Labcorp Venture Fund and Corporate Development team that pursues new ventures and strategic alliances, the Director enables and supports the diagnostic and biopharma services business units with their strategic and growth objectives through the investment in and commercialization of innovative technology.

The Labcorp Venture Fund invests broadly in diagnostic & early development innovations as well as AI-enabled med tech, digital platforms, and tech-enabled services that enhance research and care delivery, including:

• Novel diagnostic tests, biomarkers, platforms, and services
• Point of care testing and collection devices
• Clinical trial enablement and optimization
• Precision medicine and clinical decision support tools
• Digital health and health tech offerings
• Population health, VBC, and health equity
• Consumer wellness, engagement, and convenience
• Real world data and biopharma services
• AI-enabled lab logistics and automation
• Early development and cell/gene therapy tools

The Director will be part of a team responsible for both evaluating new investment opportunities and managing current portfolio companies. Responsibilities will span all stages of the investment process including:

• Bachelor's degree
• 7 or more years of experience in the healthcare field
• 5 or more years of experience with VC/PE, corporate development, strategy, consulting, and/or investment banking

• MBA and/or MS, PhD, or MD
• 2 or more years of experience with corporate venture capital or healthcare venture/investment banking
• 2 or more years of experience with diagnostic and drug development industry trends and regulatory and reimbursement

• Ability to demonstrate financial and analytical skills with venture capital financial instruments and deal terms; understanding of company valuation methodologies and capitalization structures.
• Ability to demonstrate a strong history of success in positions of increasing responsibility.
• Inquisitiveness and ability to dive deep and understand new clinical research, emerging technologies, research, publications, and emerging healthcare science.
• Ability to demonstrate effective writing, verbal communication, and presentation skills.
• Ability to demonstrate influence and build consensus among both cross-functional teams and executive level management.
• Highly independent, strategic thinker with a mix of deep financial acumen, broad-based business experience, and a history of distinctive leadership in a wide range of team settings.
• Ability to learn quickly, adept at self-management, and managing simultaneous projects with deadlines; strong organizational and analytical skills with attention to detail.
• Innovative thinker, comfort with ambiguity, and self-starter - ability to work with limited direction and make informed decisions in a fast-paced environment.

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including:
Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement, and Employee Stock Purchase Plan.

Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic.