Saturday, July 21, 2012

Maderis stepping down from Five Prime - Business First of Columbus:

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The company has hired Julia Gregory, the former executive vice president and chied financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continued to serve onFive Prime’s board of director and as a consultant. Her finalo day on the job is June 18. “Gail’x leadership has been pivotal in the progress Five Primew has made in developing our pipelinde and our newdiscovery platform,” said compan y founder and executive chairmabn Dr. Lewis “Rusty” Williamsx in a press release.
Maderiws said the company had been lookingv for a replacement sinc e late last year afteer 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 Mission Bay serving onthe Mayor’ . Five Prime, a privately held, 7-year-oldf company developing antibody and protei n drugs for cancer andother diseases, was the firsyt to locate in Mission Bay, taking about 30,0090 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 makexs batches for its Phase I oncologydrug program.
The timinbg of the executive change as Five Prime moves forward with its lead cancert programmakes Gregory’s appointment a crucial one. At Lexicon, Gregor y was responsible for financing strategies, mergers and business operations and all financial management and She raisedabout $1 billiobn in public and private equity, producyt development financing and other transactions. who will join Five Prime’s was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcar e andinvestment banking, leading several privatd and public equity deals as well as mergers and Gregory also is a member of the board of The and the ’ss .

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