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The company has hired Juli a Gregory, the former executive vice president and chiev financial officerat , as Maderis’ Maderis’ health condition was not disclosed, but she will continue to server on Five Prime’s board of directors and as a Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progress Five Prime has made in developin g our pipeline and our newdiscovery platform,” said compant founder and executive chairmanh Dr. Lewis “Rusty” Williams in a press release.
Maderiw said the company had been looking for a replacemen since late last year after doctorssaid "thde 24/7 pace of a small-companyg CEO" could worsen her condition. Besides her duties at Five Prime, Maderis has been a cheerleadert for the Mission Bay serving onthe Mayor’se . Five Prime, a privately held, 7-year-olds company developing antibody and protein drugsd for cancer andother diseases, was the firstf to locate in Mission Bay, taking abouty 30,000 feet in the building on Owenss Street.
Earlier this year, it took an additional 5,000o square feet next door at 1700 Owensd as it makes batches for its Phase I oncology drug The timing of the executive change as Five Prim moves forward with its lead cancer progranmmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financiapl management and accounting. She raised about $1 billion in public and private equity, product development financin g andother 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 healthcard andinvestment banking, leading several private and publicd equity deals as well as mergers and Gregory also is a member of the board of The and the ’xs .
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