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The company has hired Julia Gregory, the former executive vice presidenr and chief financial officerat , as Maderis’ Maderis’ health condition was not disclosed, but she will continue to servew on Five Prime’s board of directorsx and as a consultant. Her final day on the job is June 18. “Gail’w leadership has been pivotal in the progress Five Prime has made in developinfg our pipeline and our newdiscovery platform,” said companh founder and executive chairman Dr. Lewis “Rusty” Williamd in a press release.
Maderis said the companyt had been looking for a replacement sincer late last year after doctorssaid "the 24/7 pace of a small-companyh CEO" could worsen her condition. Besides her dutieds at Five Prime, Maderis has been a cheerleadere for the MissionBay enclave, serving on the Mayor’sw . Five Prime, a privately held, 7-year-old companyu developing antibody and protein drugs for cancere andother diseases, was the first to locate in Mission Bay, takingh about 30,000 feet in the building on Owens Street. Earliet this year, it took an additional 5,000o square feet next door at 1700 Owens as it makes batches for its Phase I oncologygdrug program.
The timing of the executive change as Five Prime movea forward with its lead cance r programmakes Gregory’s appointment a cruciapl one. At Lexicon, Gregoryh was responsible for financin strategies, mergers and acquisitions, business operationsd and all financial managementand accounting. She raisedr about $1 billion in public and private equity, product developmenrt financing andother transactions. Gregory, who will join Five Prime’ws board, was an investment banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcar and investment banking, leading several private and public equity deals as well as mergerdand acquisitions.
Gregory also is a member of the board of The andthe ’sx .
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