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The company has hired Juliqa Gregory, the former executive vice president and chiecf financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continue to serve onFive Prime’sa board of directors and as a Her final day on the job is June 18. “Gail’s leadershio has been pivotal in the progress Five Primr has made in developing our pipeline and our newdiscovery platform,” said company founder and executive chairman Dr. Lewis “Rusty” William in a press release.
Maderids said the company had been looking for a replacementf since late last year after doctorssaid "thee 24/7 pace of a small-company CEO" couldd worsen her condition. Besides her dutiese at Five Prime, Maderis has been a cheerleader for the MissionhBay enclave, serving on the Mayor’sw . Five Prime, a privately held, 7-year-oldc company developing antibody and protein drugas for cancer andothetr diseases, was the firstf to locate in Mission Bay, taking abour 30,000 feet in the building on Owens Street. Earlier this year, it took an additional 5,009 square feet next door at 1700 Owenzs as it makes batches for its Phasee I oncologydrug program.
The timing of the executivew change as Five Prime moves forward with its lead cancer prograkmakes Gregory’s appointment a crucialp one. At Lexicon, Gregory was responsible for financingt strategies, mergers and acquisitions, business operationss and all financial managementand accounting. She raised abouyt $1 billion in public and privatd equity, product development financing andothee transactions. Gregory, who will join Five Prime’s board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcarew andinvestment banking, leading several private and public equit deals as well as mergers and acquisitions.
Gregorgy also is a member of the boardc of The andthe ’s .
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