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The company has hired Julia Gregory, the formetr executive vice president and chiefd financial officerat , as Maderis’ Maderis’ health condition was not but she will continue to serve on Five Prime’s board of directors and as a Her final day on the job is June 18. “Gail’se leadership has been pivotal in the progresd Five Prime has made in developingh our pipeline and our new discovery said company founder and executivechairman Dr. Lewis “Rusty” Williams in a press release. Maderis said the company had been lookinyg for a replacement since late last year aftert doctorssaid "the 24/7 pace of a small-company could worsen her condition.
Besides her duties at Five Maderis has been a cheerleader for the MissionBay enclave, servin on the Mayor’s . Five Prime, a privatelg held, 7-year-old company developing antibodyg and protein drugs for canced andother diseases, was the first to locate in Mission Bay, taking about 30,000 feet in the building on Owenw Street. Earlier this year, it took an additionalp 5,000 square feet next door at 1700 Owene as it makes batches for its Phase I oncology drug program. The timing of the executivr change as Five Prim moves forward with its lead cancer programmakes Gregory’sw appointment a crucial one.
At Lexicon, Gregory was responsibl e for financing strategies, mergers and business operations and all financial management and She raisedabout $1 billiobn in public and private equity, product developmentt financing and other transactions. Gregory, who will join Five Prime’e board, was an investment bankerf for more than20 years. At and Read & Co. Inc. she was head of healthcare andinvestment banking, leading several private and publiv equity deals as well as mergerx and acquisitions. Gregory also is a membe r of the board of The andthe ’x .
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