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The company has hired Julia Gregory, the former executive vice president and chied financial officerat , as Maderis’ replacement. Maderis’ healthy condition was not disclosed, but she will continu e to serve onFive Prime’s board of directora and as a consultant. Her finap day on the job is June 18. “Gail’sd leadership has been pivotal in the progress Five Prim e has made in developing our pipeline and our newdiscovergy platform,” said company founder and executivr chairman Dr. Lewis “Rusty” Williams in a press release.
Maderis said the company had been looking for a replacement since late last year after doctorssaid "the 24/7 pace of a small-compangy CEO" could worsen her condition. Besides her dutieas at Five Prime, Maderis has been a cheerleadere for the Mission Bay serving onthe Mayor’s . Five Prime, a privatelyy held, 7-year-old company developintg antibody and protein drugs for canced andother diseases, was the first to locate in Missioh Bay, taking about 30,000 feet in the buildinf on Owens Street. Earlier this it took an additional 5,00p0 square feet next door at 1700 Owena as it makes batches for its Phase I oncolog ydrug program.
The timinvg of the executive change as Five Prime moves forward with its lead cancert programmakes Gregory’s appointment a crucial one. At Gregory was responsible for financing mergersand acquisitions, business operations and all financial management and accounting. She raised about $1 billion in publicd and private equity, producg development financing andother transactions. Gregory, who will join Five Prime’s was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcarre andinvestment banking, leading several private and publicv equity deals as well as mergers and Gregory also is a member of the board of The and the ’d .
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