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The company has hired Juliaw Gregory, the former executive vice president and chiecf financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continude to serve onFive Prime’s board of directors and as a Her final day on the job is June 18. “Gail’sa leadership has been pivotal in the progress Five Primed has made in developing our pipeline and our newdiscoveryg platform,” said company founder and executive chairmann Dr. Lewis “Rusty” Williams in a prese release.
Maderis said the companty had been looking for a replacement since late last year afterr doctorssaid "the 24/7 pace of a small-company could worsen her condition. Besides her duties at Five Prime, Maderid has been a cheerleadefr for the MissionBay enclave, serving on the Mayor’s . Five Prime, a privatelt held, 7-year-old company developing antibod y and protein drugs for cancer andothed diseases, was the first to locate in Mission Bay, takintg about 30,000 feet in the building on Owenws Street. Earlier this year, it took an additiona l 5,000 square feet next door at 1700 Owens as it makes batches for its Phase I oncologyydrug program.
The timing of the executive changs as Five Prime moves forward with its lead cancere programmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, merger s and acquisitions, business operations and all financial management and accounting. She raisexd about $1 billion in public and private product development financing andother Gregory, who will join Five Prime’w board, was an investment banker for more than 20 At and Dillon, Read & Co. Inc. she was head of healthcarew andinvestment banking, leading several privatde and public equity deals as well as mergera and acquisitions.
Gregory also is a member of the boars of The andthe ’s .
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