Group Product Manager

3 weeks ago

Ibrahim Bagh Lines, India Dr. Reddy's Laboratories Full time
Job Title: Group Product Manager

We are seeking a highly skilled Group Product Manager to join our team at Dr. Reddy's Laboratories. As a Group Product Manager, you will be responsible for identifying new product opportunities, developing business cases, and implementing positioning strategies within designated budgets and organizational guidelines to achieve market share and revenue targets.

Key Responsibilities:
  • Conceptualize and plan new products by gathering feedback on unmet therapeutic needs, identifying new product opportunities, and presenting business cases to the vertical head and country head.
  • Prepare product manuals, design positioning strategies, and oversee successful product launches through effective communication and collaboration with regional sales teams.
  • Coordinate with sales teams, review performance, and initiate corrective actions when necessary to ensure new products meet or exceed sales projections.
  • Conduct market research, finalize positioning strategies, and oversee effective promotion strategies by collaborating with ad agencies and implementing marketing plans in alignment with business goals.
  • Identify CME needs, invite speakers and doctors, and ensure successful execution of CME programs to establish lasting relationships with healthcare professionals.
  • Lead and develop the team by conducting performance appraisals, mentoring team members, and collaborating with HR for recruitment and talent development to maximize team performance and retention.
  • Gather feedback from regional sales manager (RSMs), devise region-specific strategies, and incorporate regional needs into the product plan to enhance overall performance.
Requirements:
  • Graduate degree in any Science stream.
  • Minimum 7-10 years of experience in Product Management in pharmaceuticals.
  • Understanding of Indian Pharmaceutical industry - competition, customer behavior, and prescription habits.
  • Strategic mindset to develop and implement long-term product strategies that align with the company's overall business objectives.
  • Analytical skills to assess market trends, competitor activities, and customer needs for the products in the portfolio.
  • Financial management skills to develop and manage budgets, allocate resources effectively, and optimize cost control for the product portfolio.
  • Excellent communication skills to convey complex scientific and medical information to diverse audiences, including healthcare professionals, internal teams, and stakeholders.
  • Ability to analyze market data, clinical trial results, and sales performance to inform decision-making and product portfolio strategies.
  • Ability to adapt to changes in the pharmaceutical market, including advancements in therapies, healthcare policies, and regulatory updates.
What We Offer:
  • Competitive salary and benefits package.
  • Opportunities for career growth and professional development.
  • Collaborative and dynamic work environment.
  • Recognition and rewards for outstanding performance.

If you are a motivated and experienced professional looking for a new challenge, please submit your application, including your resume and a cover letter, to mohsinshaikh@drreddys.com.

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