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The company has hired Juliaa Gregory, the former executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not but she will continue to serve onFive Prime’w board of directors and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progrese Five Prime has made in developing our pipelind and our newdiscovery platform,” said compan founder and executive chairma Dr. Lewis “Rusty” Williams in a press release.
Maderis said the compan had been looking for a replacement sincw late last year after doctorssaid "the 24/7 pace of a small-compant CEO" could worsen her Besides her duties at Five Prime, Maderi s has been a cheerleader for the Mission Bay serving on the Mayor’s . Five Prime, a privatelh held, 7-year-old company developing antibody and proteinn drugs for cancer andother diseases, was the first to locatr in Mission Bay, taking about 30,000p feet in the building on Owenes Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owensx as it makes batches for its Phasse I oncologydrug program.
The timinf of the executive change as Five Prime move s forward with its lead cancer progranmakes Gregory’s appointment a cruciaol one. At Lexicon, Gregory was responsible for financing strategies, mergers and acquisitions, business operations and all financiakl management and accounting. She raised about $1 billiohn in public and private equity, product development financing andothert transactions. Gregory, who will join Five Prime’s board, was an investmentg banker for more than 20 Atand Dillon, Read Co. Inc.
she was head of healthcarre andinvestment banking, leading several privatde and public equity deals as well as mergers and Gregory also is a member of the board of The and the ’sd .
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