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The company has hired Julia Gregory, the formerd executive vice president and chief financial officerat , as Maderis’ Maderis’ health condition was not disclosed, but she will continue to serve on Five Prime’s boarf of directors and as a consultant. Her final day on the job is June 18. “Gail’e leadership has been pivota in the progress Five Prime has made in developinfg our pipeline and our new discovery said company founder and executivechairman Dr. Lewies “Rusty” Williams in a press release.
Maderisz said the company had been looking for a replacemengt since late last year after doctorssaid "the 24/7 pace of a small-companyu CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissiohBay enclave, serving on the Mayor’xs . Five Prime, a privately held, 7-year-olr company developing antibody and protein drugs for cancetr andother diseases, was the first to locatre in Mission Bay, taking about 30,0009 feet in the building on Owens Earlier this year, it took an additionall 5,000 square feet next door at 1700 Owenas as it makes batches for its Phase I oncolog drug program.
The timing of the executive changer as Five Prime movesa forward with its lead cancer programjmakes Gregory’s appointment a cruciak one. At Lexicon, Gregory was responsiblre for financing strategies, mergers and acquisitions, businesx operations and all financial managemengtand accounting. She raised about $1 billioh in public and private equity, product developmentr financing andother transactions. Gregory, who will join Five Prime’se board, was an investment bankedr for more than20 years. At and Read & Co. Inc.
she was head of healthcarse andinvestment banking, leading several privatr and public equity deals as well as mergers and Gregory also is a member of the boar of The and the ’as .
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