Job Description
The Principal Scientist, Health Economics will report to the Executive Director, BARDS (Biostatistics and Research Decision Sciences). They will have the primary responsibility for strategic development, use of high-quality economic models and tools to generate business insights and to demonstrate the value of our company's products to relevant stakeholders, such as payers, health technology assessment (HTA) agencies, healthcare decision makers, providers, and patients.
The Associate Principal Scientist, Health Economics will serve as the HEDS (Health Economic and Decision Sciences) lead on one or more value evidence team(s), and work closely with the cross-functional team(s) to develop and refine the integrated value evidence strategy and evidence generation across all phases of product development. They will also work closely with the HEOR (health economics and outcomes research) teams in key markets to support local market access. The position will focus on general & specialty medicines, throughout their development cycle.
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Responsibilities of the role include, but are not limited to:
- Provision of strategic insights into the development and refinement of the integrated value evidence strategy and evidence generation from the perspective of health economics
- Development and maintenance of high-quality global health economic analyses and tools in house or in collaboration with an external vendor to provide critical business insights and to fully demonstrate the value of our Company's products, using established and novel methodologies. The analyses include but not limited to epidemiology analyses, early and late cost-effectiveness analyses, public health analyses, budget impact analyses, and integrated field force tools
- Collaboration with internal and external stakeholders to conduct evidence generation and synthesis studies that are used to inform economic models and the value evidence strategy
- Adaptation and/or training of global health economic resources for regional/local HEOR teams to support local HTA submissions and market access activities
- Dissemination of health economic data via presentations at national/international congresses and publications in scientific journals
- Advancing health economic methodologies to, for example, capture the broader benefits of health technology interventions
Qualifications:
Education
- Doctoral degree or master's degree, in (Health) Economics, Biostatistics, Actuarial Sciences, or a related, quantitatively oriented field
Required experience and skills
- Expertise and extensive hands-on experience in conceptualization, design, development and dissemination of health economic analyses to support internal and external decision-making
- Minimum 5 years' experience in HEOR in the pharmaceutical industry, consultancy, or relevant organizations
- Understanding of the market access environment and challenges in key markets, (eg the US, Canada, the UK and EU4, China, Japan)
- Strong interpersonal, organizational and communicational skills with ability to interact with individuals from a variety of disciplines
Preferred experience and skills
- Strong track-record of innovative HTA submissions and development of health economic resources to support market access activities
- Demonstrated strategic, innovative thinking, and decision making
- Experience in the assessment of economic value of early products
- Experience in cardiovascular/metabolic diseases, antiviral therapies, immunology, neuroscience, and/or ophthalmology
- Experience in evidence generation, synthesis and analysis, such as real-world studies, literature research, meta-analysis
- Excellent presentation, interpersonal and internal and external networking skills to work in cross-functional teams
BARDS2020
#eligibleforERP
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US and Puerto Rico Residents Only:
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U.S. Hybrid Work Model
Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as "remote".
The Company is required to provide a reasonable estimate of the salary range for this job in certain states and cities within the United States. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate's relevant skills, experience, and education.
Expected US salary range:
$181,600.00 - $285,800.00
Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.
San Francisco Residents Only: We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance
Los Angeles Residents Only: We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance
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Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status:
Regular
Relocation:
Domestic
VISA Sponsorship:
Yes
Travel Requirements:
10%
Flexible Work Arrangements:
Hybrid
Shift:
Not Indicated
Valid Driving License:
No
Hazardous Material(s):
n/a
Job Posting End Date:
01/17/2025
*A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
Requisition ID:R326808