Strategic Product Manager

4 days ago


Mumbai, Maharashtra, India Abbott Full time

Abbott is seeking a skilled Strategic Product Manager to lead the development and implementation of new products in the BD and Regulatory Compliance department. This role will be responsible for ensuring the availability of quality new products that meet sales targets.

About the Role

This strategic position involves coordinating and executing various technical, legal, and regulatory activities related to new product development, contract manufacturing, and new product delivery. The successful candidate will work closely with cross-functional teams, including Marketing, Legal, Finance, Medical/Pharmacovigilance, Quality, Ops BD/Tech Ops, Packaging Development, and external partners such as TPMS, Vendors, FDA, DCGI, and Customs.

Key Responsibilities
  • Manage end-to-end project planning and execution, ensuring timely delivery of high-quality products.
  • Coordinate with Ops BD for scouting new products from various TPMs, aligning with commercial team requirements.
  • Work with BU & Finance to optimize product margins and ensure compliance with financial targets.
  • Lead global NPI processes through E2E portal (Planisware) and collaborate with stakeholders to resolve any issues or concerns.
  • Support site and product screening for QA and Regulatory compliance, organizing transfer pricing and audits as necessary.
  • Collaborate with TPMs for product manufacturing licenses, arranging licenses and technical dossiers, and following up on CAPA resolutions.
  • Facilitate art work design and development activities, working closely with Legal & Marketing for brand name approvals, Regulatory for Rule 96 and D & C Act compliance, Medical for rationale and PIL design, and Quality for overall labeling compliance.
  • Decide on adequate batch sizes with Ops BD and TPM based on sales and physician sample projections.
  • Close raw material and packaging specifications in consultation with Quality/Regulatory/Tech Ops and Ops BD, coordinating SAP code creation and purchase orders.
  • Ensure first three-month supplies of NPI for two years and manage new product technical complaints (PTC).
  • Maintain strong relationships with cross-functional teams, including TPM/CFT, to ensure product compliance.
Requirements
  • Master's degree in Pharmacy from a reputable Institute and/or MBA (preferably with a science background).
  • 8-10 years of relevant experience in overall pharmaceutical formulation operations.
  • Knowledge of Quality Assurance (QA), Quality Control (QC), and regulatory guidelines.

The estimated salary for this role is $120,000 - $180,000 per annum, depending on location and qualifications. We offer a competitive benefits package, opportunities for professional growth, and a collaborative work environment.



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