About the job
About Formation Bio
Formation Bio is a tech-driven pharmaceutical company that is revolutionizing drug development through advanced AI technologies.
With the rapid advancements in AI and drug discovery, there is an increasing number of candidate drugs emerging, yet the industry faces challenges due to the high costs and lengthy durations of clinical trials. Formation Bio, established in 2016 as TrialSpark Inc., is dedicated to overcoming these development bottlenecks. We have created innovative technology platforms, streamlined processes, and robust capabilities to expedite all facets of drug development and clinical trials. Our strategy involves partnering with, acquiring, or in-licensing drugs from pharmaceutical companies, research organizations, and biotechnology firms to advance programs beyond clinical proof of concept, ultimately aiming to deliver new medicines to patients more efficiently. Our investors include leading firms in both the pharmaceutical and tech sectors, such as a16z, Sequoia, Sanofi, Thrive Capital, and others.
Discover more about us through the following links:
At Formation Bio, our values are integral to our mission of transforming the pharmaceutical industry. Each team member embodies these values and contributes significantly to our goal of expediting the availability of new treatments to patients.
About the Position
As a Data Scientist on our platform prediction team, your primary responsibility will be to convert our probability of success predictions into quantifiable outcomes at the portfolio level. You will be instrumental in designing and developing core systems for order management, execution simulation, portfolio construction, risk monitoring, and performance attribution, allowing us to rigorously assess signals derived from our AI-driven predictions in both public and private equities, as well as our internal portfolio.
This position operates at the nexus of quantitative finance, healthcare data, and AI-enhanced drug development. If you are passionate about utilizing portfolio construction and risk management principles to tackle one of healthcare's most significant predictive challenges, this role is an exceptional fit for you. No other organization—be it a hedge fund or a pharmaceutical company—offers such a unique opportunity.

