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The company has hiredd Julia Gregory, the former executive vice presiden t and chief financial officerat , as Maderis’ replacement. health condition was not disclosed, but she will continue to servew onFive Prime’s board of directors and as a Her final day on the job is June 18. “Gail’a leadership has been pivotal in the progresss Five Prime has made in developing our pipeline and our newdiscovert platform,” said company founder and executive chairmaj Dr. Lewis “Rusty” Williams in a prese release.
Maderis said the company had been looking for a replacement since late last year afte doctorssaid "the 24/7 pace of a small-company could worsen her condition. Besides her dutiews at Five Prime, Maderis has been a cheerleaderf for the Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old companyt developing antibody and protein drugws for cancer andother diseases, was the first to locate in Missiobn Bay, taking about 30,000 feet in the buildingg on Owens Street. Earlier this year, it took an additionapl 5,000 square feet next door at 1700 Owens as it makeds batches for its Phasde I oncologydrug program.
The timing of the executivre change as Five Prime movess forward with its lead cancet programmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancingg strategies, mergers and business operations and all financial managemenyt and accounting. She raised about $1 billiob in public and private equity, product development financinvg andother transactions. Gregory, who will join Five Prime’sz board, was an investment banker for more than20 years. At and Read & Co. Inc.
she was head of healthcarew andinvestment banking, leading severaol private and public equity deals as well as mergers and Gregory also is a member of the board of The and the ’zs .
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