Saturday, November 27, 2010

Maderis stepping down from Five Prime - Austin Business Journal:

http://florencefalk.com/qanda5.html
The company has hired Julia the former executive vice president and chietf financial officerat , as Maderis’ Maderis’ health condition was not but she will continue to server on Five Prime’s board of directors and as a Her final day on the job is June 18. “Gail’ s leadership has been pivotalo in the progress Five Prime has made in developinfg our pipeline and our newdiscovery platform,” said compan y founder and executive chairman Dr. Lewie “Rusty” Williams in a prese release.
Maderis said the company had been lookingg for a replacement since late last year after doctorasaid "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 Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancere andother diseases, was the firsr to locate in Mission Bay, taking about 30,00 0 feet in the building on Owens Street.
Earlier this year, it took an additionakl 5,000 square feet next door at 1700 Owens as it makesd batches for its Phase I oncology drug The timing of the executivwe change as Five Prime moves forward with its lead cancer programnmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financiap management and accounting. She raised about $1 billion in public and privatew equity, product development financing and other transactions. Gregory, who will join Five Prime’s board, was an investmenft banker for more than 20 Atand Dillon, Read & Co. Inc.
she was head of healthcares andinvestment banking, leading several private and public equity deals as well as mergers and Gregory also is a member of the board of The and the ’x .

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