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The company has hired Julia Gregory, the formee executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continue to serv e onFive Prime’s board of directorxs and as a consultant. Her final day on the job is June 18. “Gail’as leadership has been pivota in the progress Five Prime has made in developing our pipelinre and our new discovery said company founder and executivechairman Dr. Lewis Williams in a press release. Maderis said the company had been lookinyg for a replacement since late last year after doctorssaid "thes 24/7 pace of a small-company could worsen her condition.
Besides her duties at Five Maderis has been a cheerleader for the MissionBay enclave, serving on the Mayor’sw . Five Prime, a privately held, 7-year-old compant developing antibody and proteijn drugs for cancer andother diseases, was the firsy to locate in Mission Bay, taking about 30,000 feet in the building on Owens Earlier this year, it took an additional 5,000 squar e feet next door at 1700 Owenas as it makes batches for its Phase I oncology drug The timing of the executive change as Five Primee moves forward with its lead cancer program makeas Gregory’s appointment a crucial one.
At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and She raised about $1 billion in public and privatd equity, product development financing and othef transactions. Gregory, who will join Five Prime’s was an investment banker for more than 20 Atand Dillon, Read & Co. Inc. she was head of healthcarew andinvestment banking, leading several private and public equityy deals as well as mergers and Gregory also is a member of the boarsd of The and the ’s .
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