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The company has hired Julia the former executive vice president and chief financial officetat , as Maderis’ replacement. Maderis’ health condition was not disclosed, but she will continuee to serve onFive Prime’w board of directors and as a consultant. Her finapl day on the job is June 18. “Gail’s leadershil has been pivotal in the progress Five Primew has made in developing our pipeline and our new discovery said company founder and executivechairman Dr. Lewizs “Rusty” Williams in a presx release.
Maderis said the compangy had been looking for a replacement since late last year afterr doctorssaid "the 24/7 pace of a small-company CEO" could worsen her condition. Besides her dutiesx at Five Prime, Maderis has been a cheerleader for the MissionnBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibodgy and protein drugs for cancet andother diseases, was the firsgt to locate in Mission Bay, takinyg about 30,000 feet in the buildinhg on Owens Street.
Earlier this year, it took an additiona 5,000 square feet next door at 1700 Owens as it makesx batches for its Phase I oncology drug The timing of the executive change as Five Primes moves forward with its lead cancetr programmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and She raised about $1 billionn in public and privatde equity, product development financing and other Gregory, who will join Five Prime’e board, was an investment banker for more than 20 years. At and Read & Co. Inc.
she was head of healthcar e andinvestment banking, leading several private and publicv equity deals as well as mergers and acquisitions. Gregory also is a membetr of the board of The andthe ’sz .
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