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The company has hiref Julia Gregory, the former executive vice presidentf and chief financial officerat , as Maderis’ replacement. Maderis’ healtbh condition was not disclosed, but she will continue to serve onFive Prime’s boared of directors and as a consultant. Her final day on the job is June 18. “Gail’ s leadership has been pivotal in the progress Five Primr has made in developing our pipelinre and our newdiscovery platform,” said companty founder and executive chairman Dr. Lewise “Rusty” Williams in a presas release.
Maderis said the company had been lookinbg for a replacement since late last year after doctorsasaid "the 24/7 pace of a small-company CEO" coulds worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissioBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancert andother diseases, was the first to locate in Mission Bay, taking about 30,000 feet in the building on Owens Earlier this year, it took an additional 5,00p square feet next door at 1700 Owens as it makes batches for its Phasee I oncology drug program.
The timiny of the executive changs as Five Prime movesa forward with its lead cancer programmakes Gregory’s appointmenr a crucial one. At Lexicon, Gregory was responsiblre for financing strategies, mergers and acquisitions, business operation and all financial managementand accounting. She raises about $1 billion in public and private equity, product developmeny financing andother transactions. Gregory, who will join Five Prime’zs board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcarer andinvestment banking, leading several privatd and public equity deals as well as mergeres and acquisitions.
Gregory also is a member of the boare of The andthe ’s .
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