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Open Innovation & Technology Scouting - Principal Scientist

Company: Avanos
Location: Alpharetta
Posted on: December 4, 2019

Job Description:

Requisition ID: 1172

Job Title: Open Innovation & Technology Scouting - Principal Scientist

Job Country: United States (US)

Here at Avanos Medical, we passionately believe in three things:

  • Making a difference in our products, services and offers, never ceasing to fight for ground-breaking solutions in everything we do;
  • Making a difference in how we work and collaborate, constantly nurturing our nimble, fast-moving innovation culture;
  • Having an impact on the healthcare challenges we all face, and the lives of people and communities around the world.

    At Avanos you will find an environment that thrives to be independent and different, one that supports and inspires you to excel and to help change what medical devices can deliver, now and tomorrow.

    Avanos is a medical device company focused on delivering clinically superior breakthrough solutions that will help patients get back to the things that matter. We are committed to creating the next generation of innovative healthcare solutions which will address our most important healthcare needs, such as reducing the use of opioids while helping patients move from surgery to recovery. Headquartered in Alpharetta, Georgia, we develop, manufacture and market recognized brands in more than 90 countries. Avanos Medical is traded on the New York Stock Exchange under the ticker symbol AVNS. For more information, visit

    The role

    Avanos is placing significant emphasis on the use of open innovation and technology scouting to advance the commercialization of new technology to deliver breakthrough medical device solutions to improve the quality of life and help get patients back to the things that matter.

    This new position will support the enterprise in advancing our open innovation efforts as well as supporting the technical diligence for our continued business development and licensing initiatives. This highly cross-functional role, reporting to the Senior VP of R&D and Clinical Affairs, will play a critical role in the long-term growth of the company.

    Essential Duties and Responsibilities:

    Open Innovation

    • Lead Open Innovation in areas/technologies that support Avanos' mission to deliver breakthrough medical device solutions that improve patient's quality of life. These areas include acute and chronic pain management, digestive health and respiratory health.
    • Identify opportunities for new strategic investments. Work with the BU /franchises business and technical leadership to set strategic priorities and scope.
    • Lead the assessment of strategic candidates - technologies and partners - to identify the opportunity, develop a proposal for impact to Avanos' business, and reach a recommendation for a path forward.
    • Build and maintain strong relationships with key opinion leaders, scientists, innovators and entrepreneurs in both academic and business settings.
    • Work closely with the Franchises to support the sourcing evaluation and execution of external agreements for partnerships and technology in-licensing that can accelerate R&D efforts.

    • Be a key interface at Universities with the goal of identifying leading institutions in targeted fields and commissioning specific Research for R&D or evaluating their potential offerings; specifically leading scope definition, budgets, timelines, and IP conditions with colleagues at Avanos.

      Technology Scouting

      • Work closely with Strategy and Business Development personnel to support pre-diligence activities for mergers & acquisition opportunities.

      • Lead & execute technology landscaping including analysis of IP and clinical literature leveraging 3rd parties as needed to support timely analysis.

      • Lead the study and evaluation of the disease state and mechanism of actions to deepen the understanding of specific M&A target areas and companies.

      • Execute 1:1 interviews with physicians, key opinion leaders and scientists to build a great understanding of specific M&A target areas and companies and their associated products.

      • Support the development of an investment thesis, associated financial proforma and risk analysis for target M&A opportunities. Assist in the communication of this information to senior leadership to support investment decisions for the corporation.
      • Assist with coordination of reimbursement, regulatory, clinical and other associated key pre-diligence and diligence related information.

      • Project manage M&A target pre-diligence activity as needed.

        Your qualifications


        • Bachelor's degree, Engineering or Science Discipline
        • 8+ years Research, Strategy and Product Development Experience
        • Strong Data Management skills
        • Excellent written and oral communication skills
        • Strong people and process management skills
        • Strong analytical and reporting skills
        • Ability to travel up to 20%, some international


          • Candidates with a Master's Degree (MS or MBA) or PhD.
          • Candidates with previous experience executing technical pre-diligence or diligence.
          • Candidates with previous experience in R&D or related technical development teams
          • Medical Device Experience a very strong plus

            Avanos Medical is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, sexual orientation, gender identity or any other characteristic protected by law. If you are a current employee of Avanos, please apply here .

            Join us at Avanos

            Join us and you can make a difference in our products, solutions and our culture. Most of all, you can make a difference in the lives, people, and communities around the world.

            Make your career count

            Our commitment to improving the health and wellbeing of others begins with our employees - through a comprehensive and competitive range of benefits. We provide more than just a salary - our Total Rewards package encompasses everything you receive as an employee; your pay, health care benefits, retirement plans and work/life benefits.

            free onsite gym - onsite cafeteria - 401(k) + 6% match - immediate vesting - benefits on day 1 - uncapped sales commissions - HQ region voted 'best place to live' by USA Today

Keywords: Avanos, Alpharetta , Open Innovation & Technology Scouting - Principal Scientist, IT / Software / Systems , Alpharetta, Georgia

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