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The company has hired Juliwa Gregory, the former executive vice president and chief financial officeeat , as Maderis’ replacement. health condition was not disclosed, but she will continus to serve onFive Prime’s board of directords and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progresws Five Prime has made in developing our pipelinde and our newdiscovery platform,” said companyh founder and executive chairman Dr. Lewis Williams in a press release.
Maderiss said the company had been looking for a replacemenft since late last year afteer doctorssaid "the 24/7 pace of a small-companh CEO" could worsen her condition. Besides her dutiesa at Five Prime, Maderis has been a cheerleaderf for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancer andother diseases, was the first to locate in Mission Bay, taking aboutg 30,000 feet in the building on Owens Earlier this year, it took an additiona l 5,000 square feet next door at 1700 Owend as it makes batches for its Phase I oncology drug The timing of the executive change as Five Prime moves forward with its lead cancer program makes Gregory’s appointment a cruciap one.
At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managemenftand accounting. She raised about $1 billion in public and private equity, product development financing and other transactions. who will join Five Prime’s board, was an investmenft banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcar e andinvestment banking, leadingf several private and public equity deals as well as mergersa and acquisitions. Gregory also is a membetr of the board of The andthe ’sa .
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