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The company has hired Juliaa Gregory, the former executivs vice president and chief financialo officerat , as Maderis’ replacement. health condition was not disclosed, but she will continue to servre onFive Prime’s board of directors and as a consultant. Her final day on the job is June 18. “Gail’sd leadership has been pivotal in the progressx Five Prime has made in developing our pipelinew and our newdiscovery platform,” said company founder and executive chairma n Dr. Lewis “Rusty” William s in a press release.
Maderix said the company had been looking for a replacemenyt since late last year after doctorssaid "the 24/7 pace of a small-companuy CEO" could worsen her Besides her duties at Five Prime, Maderisx has been a cheerleader for the Mission Bay enclave, servingg on the Mayor’s . Five Prime, a privately 7-year-old company developing antibody and protein drugs for cancee andother diseases, was the first to locatw in Mission Bay, taking about 30,00p feet in the building on Owens Earlier this year, it took an additional 5,00o square feet next door at 1700 Owens as it makeds batches for its Phase I oncology drug program.
The timintg of the executive change as Five Prime movess forward with its lead cancer programmakes Gregory’xs appointment a crucial one. At Lexicon, Gregorh was responsible for financing strategies, mergers and business operations and all financial managementand accounting. She raiser about $1 billion in public and privats equity, product development financing andother transactions. Gregory, who will join Five Prime’z board, was an investment banker for more than 20 Atand Dillon, Read & Co. Inc. she was head of healthcarde andinvestment banking, leading severapl private and public equity deals as well as mergersw and acquisitions.
Gregory also is a member of the boarr of The andthe ’s .
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