Pros
If you are lucky you will make good connections with big pharma companies. Overall interesting approach in science (boot camp to develop Research ideas on your own, develop time line for These ideas etc.) Nice multi-cultural mix and also scientifically there is a broad possibility to get Input from different scientific fields due to the organisational structure.
Cons
They sell it as "at the Interface between industry and academia" which is true but they pick the drawbacks of both sides: E.g. salary like in academia, restrictions to publish/cooperate like in industry. All important decisions are made by the group leader which makes it very luck-dependent. Some employees can go to conferences several times per year without own data, some are not allowed to go without a submitted paper. Some allow home Office, some don´t. There are too many examples to name them here. Personal development solely focused on Group leader. The rest just does their Job and does not receive any additional support. The contracts contain a section that define them as permanent Position but ist just fake as they fire you at the end of your 4 year Project. The Management has no interest to Keep you around as employee; they fire you by saying they dont have any Money left while they hire somebody else at the same time.