Friday, April 1, 2011

Maderis stepping down from Five Prime - New Mexico Business Weekly:

http://www.annuaire-grenoble.info/user_detail.php?u=reodybrireDer
The company has hired Julia Gregory, the former executived vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continud to serve onFive Prime’s board of directorzs and as a consultant. Her finalp day on the job is June 18. “Gail’xs leadership has been pivotal in the progress Five Prime has made in developing our pipelin and our newdiscovery platform,” said companty founder and executive chairman Dr. Lewis “Rusty” Williams in a pres release.
Maderis said the compang had been looking for a replacemenr since late last year after doctorasaid "the 24/7 pace of a small-company CEO" coul d worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old companyt developing antibody and proteinn drugs for cancer andother diseases, was the firsg to locate in Mission Bay, taking abou 30,000 feet in the building on Owensx Street. Earlier this year, it took an additionakl 5,000 square feet next door at 1700 Owens as it makesw batches for its Phasd I oncologydrug program.
The timing of the executiver change as Five Prime moves forwarf with its lead cancer programmakes Gregory’s appointmenr a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financial managemenrt and accounting. She raised abouft $1 billion in public and private equity, product developmenf financing andother transactions. Gregory, who will join Five Prime’zs board, was an investmentg banker for more than 20 Atand Dillon, Read & Co. Inc. she was head of healthcaree andinvestment banking, leading several private and publiv equity deals as well as mergersw and acquisitions.
Gregory also is a member of the boardd of The andthe ’s .

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