Counsel, Commercial - Vascular at Abbott

Santa Clara, California, United States

Abbott Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Medical DevicesIndustries

Requirements

  • Experienced commercial attorney with expertise in providing legal advice to medical device businesses
  • Ability to identify and resolve complex legal issues supporting research, development, manufacturing, sales, and marketing of medical device products
  • Strong drafting, negotiating, and reviewing skills for a wide range of commercial agreements (e.g., business development, supply chain, sales, licensing, marketing, co-promotion, research collaborations)
  • Knowledge of laws affecting sales and marketing to healthcare professionals, including fraud and abuse (Anti-Kickback Statute, False Claims Act), FDA regulation (Food, Drug & Cosmetic Act), privacy (HIPAA), anti-corruption (Foreign Corrupt Practices Act), FTC truth-in-advertising principles, and government reimbursement programs
  • Negotiation skills for resolving legal issues, including pre-litigation dispute resolution and settlements
  • Good judgment: Demonstrate expertise, sound judgment, understand how responsibilities support business objectives, and provide practical, risk-based advice
  • Ability to develop knowledge of Abbott’s businesses, products, and client areas
  • Experience representing externally to suppliers and customers
  • Ability to help select/direct outside counsel, define project objectives, manage projects, and monitor budgets
  • Willingness to travel infrequently (10-15%)

Responsibilities

  • Act as day-to-day legal advisor for Abbott’s Vascular team
  • Draft, negotiate, and review agreements including business development, supply chain, sales, licensing, marketing, co-promotion, and research collaborations
  • Review marketing programs and promotional materials for compliance with FTC truth-in-advertising principles, Abbott policies, and applicable law
  • Provide sound, practical, and timely legal advice on matters related to commercial business operations marketing to healthcare professionals
  • Resolve legal issues using negotiation skills and legal expertise, including pre-litigation dispute resolution and settlements
  • Assist in creating new template agreements, playbooks, and training to support efficient contracting processes
  • Maintain familiarity with relevant laws to issue spot and provide basic counseling
  • Represent Abbott externally to suppliers and customers
  • Help select and/or direct work of outside counsel, defining objectives, managing projects, and monitoring budgets
  • Interact with Legal, Compliance, Finance, Education, Supply Chain, R&D, Regulatory, Quality, Clinical, Marketing, Commercial/Sales, and IT Departments

Skills

Contract Drafting
Contract Negotiation
Commercial Agreements
Legal Advisory
Medical Device Law

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters
1888Year Founded
IPOCompany Stage
HealthcareIndustries
10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.
Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.
Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.
Abbott's microfluidic devices streamline diagnostic processes efficiently.
Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.
Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.
Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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