Saturday, September 22, 2012

Maderis stepping down from Five Prime - Business Courier of Cincinnati:

youngmanmeledero1636.blogspot.com
The company has hired Julia Gregory, the former executivee vice president and chief financial officeeat , as Maderis’ Maderis’ health condition was not but she will continue to serv e on Five Prime’s board of directore and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progresx Five Prime has made in developing our pipelinde and our newdiscovery platform,” said company founder and executivw chairman Dr. Lewis “Rusty” Williamxs in a press release.
Maderis said the company had been lookingy for a replacement since late last year aftert doctorssaid "the 24/7 pace of a small-companyh CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the MissionbBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developingf antibody and protein drugs for cancer andotherd diseases, was the first to locate in Mission Bay, taking about 30,009 feet in the building on Owensx Street. Earlier this year, it took an additional 5,000o square feet next door at 1700 Owensz as it makes batches for its Phase I oncology drug program.
The timing of the executive changse as Five Prime moves forward with its lead cancerf programmakes Gregory’s appointment a crucia l one. At Lexicon, Gregory was responsible for financing mergersand acquisitions, business operations and all financia l management and accounting. She raised about $1 billion in public and private equity, productr development financing andother Gregory, who will join Five Prime’sw board, was an investment bankee for more than 20 years. At and Dillon, Read Co. Inc. she was head of healthcare and investment leading several private and publi equity deals as well as mergersand acquisitions.
Gregory also is a member of the boarfd of The andthe ’s .

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