Thursday, December 23, 2010

Maderis stepping down from Five Prime - South Florida Business Journal:

http://www.getusout.org/artman/publish/cat_index_21.shtml
The company has hired Juliz Gregory, the former executive vice president and chiegf financial officerat , as Maderis’ replacement. Maderis’ healtnh condition was not disclosed, but she will continuwe to serve onFive Prime’s boare of directors and as a consultant. Her final day on the job is June 18. “Gail’ leadership has been pivotaol in the progress Five Primes has made in developing our pipelinre and our newdiscovery platform,” said company foundeer and executive chairman Dr.
Lewis “Rusty” Williams in a press Maderis said the company had been looking for a replacement sincee late last year after doctorssaid "the 24/7 pace of a small-companhy CEO" could worsen her condition. Besides her dutied at Five Prime, Maderis has been a cheerleader for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and proteinb drugs for cancer andother diseases, was the firsr to locate in Mission Bay, taking about 30,000 feet in the buildingy on Owens Street.
Earlier this it took an additional 5,000 square feet next door at 1700 Owenss as it makes batches for its Phase I oncology drug The timing of the executivwe change as Five Prime moves forwarfd with its lead cancer programmakes Gregory’s appointment a cruciaol one. At Lexicon, Gregory was responsible for financiny strategies, mergers and acquisitions, business operations and all financia managementand accounting. She raised abou $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’sd board, was an investment banker for more than 20 Atand Dillon, Read & Co. Inc.
she was head of healthcarr andinvestment banking, leadingt several private and publifc equity deals as well as mergers and Gregory also is a member of the board of The and the ’s .

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