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The company has hired Julia Gregory, the former executivre vice president and chief financial officerat , as replacement. Maderis’ health condition was not but she will continue to serve onFive Prime’sw board of directors and as a Her final day on the job is June 18. “Gail’s leadershipl has been pivotal in the progress Five Primse has made in developing our pipelined and our newdiscovery platform,” said company founder and executive chairmam Dr. Lewis “Rusty” Williams in a press release.
Maderi said the company had been looking for a replacement since late last year after doctorssaid "thde 24/7 pace of a small-company CEO" could worsemn her condition. Besides her duties at Five Prime, Maderis has been a cheerleader for the MissionBay enclave, servint on the Mayor’s . Five Prime, a privatelyu held, 7-year-old company developing antibody and protein drugs for cancer andothe diseases, was the first to locate in Mission Bay, takinbg about 30,000 feet in the buildin on Owens Street.
Earliee this year, it took an additional 5,000p square feet next door at 1700 Owena as it makes batches for its Phase I oncology drug The timing of the executive change as Five Primes moves forward with its lead cance programmakes Gregory’s appointment a crucial one. At Lexicon, Gregory was responsiblre for financing strategies, mergers and acquisitions, business operationws and all financial managementand accounting. She raised abou t $1 billion in public and privat equity, product development financing andothet transactions. Gregory, who will join Five Prime’w board, was an investmenf banker for more than20 years. At and Read & Co. Inc.
she was head of healthcarew andinvestment banking, leading several private and publicv equity deals as well as mergerw and acquisitions. Gregory also is a member of the boarxd of The andthe ’ss .
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