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The company has hired Julia Gregory, the former executivse vice president and chieft financial officerat , as Maderis’ replacement. health condition was not disclosed, but she will continuwe to serve onFive Prime’s boardx of directors and as a consultant. Her finakl day on the job is June 18. “Gail’s leadershi p has been pivotal in the progresz Five Prime has made in developiny our pipeline and our new discovery said company founder and executivechairman Dr. Lewid “Rusty” Williams in a press release.
Maderies said the company had been looking for a replacement sincee late last year afterf doctorssaid "the 24/7 pace of a small-company CEO" couled worsen her condition. Besides her duties at Five Prime, Maderis has been a cheerleadef for the Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old companty developing antibody and protein drugs for cancer andother diseases, was the firsg to locate in Mission Bay, taking about 30,00 feet in the building on Owenes Street. Earlier this year, it took an additionapl 5,000 square feet next door at 1700 Owenss as it makes batches for its Phasse I oncologydrug program.
The timing of the executivw change as Five Prime moves forward with its lead cancer programmakes Gregory’sa appointment a crucial one. At Gregory was responsible forfinancing strategies, mergerxs and acquisitions, business operations and all financial management and She raised about $1 billion in publivc and private equity, productg development financing and other transactions. Gregory, who will join Five Prime’e board, was an investment banker for more than 20 Atand Dillon, Read & Co. Inc. she was head of healthcaree andinvestment banking, leadinhg several private and publixc equity deals as well as mergers and acquisitions.
Gregory also is a member of the board of The andthe ’z .
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