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The company has hired Julia the former executive vice presidentr and chief financial officerat , as replacement. Maderis’ health conditiohn was not disclosed, but she will continue to serve onFive Prime’zs board of directors and as a Her final day on the job is June 18. “Gail’sa leadership has been pivotal in the progress Five Prime has made in developinv our pipeline and our newdiscover platform,” said company foundee and executive chairman Dr. Lewies “Rusty” Williams in a press release.
Maderix said the company had been looking for a replacement sinc e late last year after doctorssaid "the 24/7 pace of a small-compan y CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissioBay enclave, serving on the Mayor’ds . Five Prime, a privately held, 7-year-old companyy developing antibody and protein drugs for cancee andother diseases, was the first to locatse in Mission Bay, taking about 30,000o feet in the building on Owenws Street.
Earlier this year, it took an additional 5,000 square feet next door at 1700 Owensz as it makes batches for its Phase I oncology drug The timing of the executive change as Five Prime moves forwarsd with its lead cancer programmakees Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and acquisitions, businessx operations and all financial management and accounting. She raisedr about $1 billion in public and private product development financing andother transactions. Gregory, who will join Five Prime’ s board, was an investmenty banker for more than20 years. At and Read & Co. Inc.
she was head of healthcaree andinvestment banking, leading several private and publix equity deals as well as mergerx and acquisitions. Gregory also is a membere of the board of The andthe ’x .
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