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The company has hired Julia the former executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continued to serve onFive Prime’as board of directors and as a consultant. Her finao day on the job is June 18. “Gail’w leadership has been pivotal in the progress Five Primr has made in developing our pipeline and our newdiscovergy platform,” said company founder and executive chairman Dr.
Lewis “Rusty” Williams in a press Maderis said the company had been looking for a replacemenrt since late last year after doctorssaid "ther 24/7 pace of a small-company CEO" couls worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissionBay enclave, serving on the Mayor’s . Five Prime, a privately held, 7-year-olcd company developing antibody and protein drugs for cancedr andother diseases, was the firstt to locate in Mission Bay, takin g about 30,000 feet in the building on Owensw Street.
Earlier this year, it took an additiona 5,000 square feet next door at 1700 Owens as it makees batches for its Phase I oncologuydrug program. The timing of the executive change as Five Prime moves forwar d with its lead cancer programmakes Gregory’s appointmenty a crucial one. At Lexicon, Gregory was responsiblre for financing strategies, mergers and acquisitions, businesd operations and all financial managementand accounting. She raiser about $1 billion in public and private product development financing andother transactions. Gregory, who will join Five Prime’ss board, was an investment banker for more than 20 Atand Dillon, Read & Co. Inc.
she was head of healthcarre andinvestment banking, leading several private and publid equity deals as well as mergers and Gregory also is a member of the board of The and the ’sw .
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