Principal Scientist, Health Economics Job

Date: Jun 11, 2019

Location: Hoddesdon, ENG, GB

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Requisition ID: OUT000624

 MSD is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where MSD has codified its 125-year legacy. MSD’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare.


We have an exciting, new opportunity for a Principal Scientist, Health Economics to join our team in Hoddesdon, Hertforshire, U.K. (Hoddesdon is the primary contractual location for the position, but there is a possibility to work from the St. Pancras office on a flexible basis)


The Principal Scientist, Health Economics will report to the Executive Director, CORE (Center for Observational and Real-world Evidence). 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 MSD’s products to relevant stakeholders, such as payers, health technology assessment (HTA) agencies, healthcare decision makers, providers, and patients.

The Principal Scientist, Health Economics will serve as the Economic & Data Sciences (EDS) Lead on one or more Value-Evidence Sub-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. He/She will also work closely with the HEOR teams in key markets to support local market access. The position will focus on primary care and hospital & speciality care products.

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 health quality global health economic models and tools in house or in collaboration with an external vendor to provide critical business insights and to fully demonstrate the value of MSD’s products, using established and novel methodologies. The models include but not limited to epidemiology models, early and late cost-effectiveness analyses, public health, 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 Health Technology Assessment submissions and market access activities

  • Dissemination of health economic data via presentations at national/international congresses and publications in scientific journals

  • Advancing economic modelling methodologies to, for example, capture the broader benefits of health technology interventions




  • Doctoral degree or Masters degree, in (Health) Economics, Biostatistics, Actuarial Sciences, or a related, quantitatively oriented field


Required experience and skills

  • Expertise and extensive hands-on experience in conceptualisation, design, development and dissemination of health economic models to support internal and external decision-making

  • Minimum 5 years experience in health economics and outcomes research (HEOR) in the pharmaceutical industry, consultancy, or relevant organisations

  • Understanding of the market access environment and challenges in key markets, (US, Canada, and EU-5)

  • Strong interpersonal, organisational and communicational skills with ability to interact with individuals from a variety of disciplines


Preferred experience and skills

  • Strong track-record of innovative Health Technology Assessment 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 acute care, antiretroviral/antimicrobial therapies, and/or neuroscience

  • 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


Your role at MSD is integral to helping the world meet new breakthroughs that affect generations to come, and we’re counting on your skills and inventiveness to help make meaningful contributions to global medical advancement. At MSD, we’re inventing for life. 


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MSD is not accepting unsolicited assistance from search firms for this employment opportunity.  Please, no phone calls or emails.  All resumes submitted by search firms to any employee at MSD via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of MSD.  No fee will be paid in the event the candidate is hired by MSD as a result of the referral or through other means.

Job: Outcomes Research -Health Econ
Other Locations:
Employee Status: Regular
Travel: Yes, 10 % of the Time
Number of Openings: 1
Shift (if applicable):
Hazardous Materials:
Company Trade Name: MSD

Job Segment: Epidemiology, Scientific, Medical, Neurology, Public Health, Healthcare, Engineering

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