Five Prime Therapeutics welcomes Carol Schafer to its Board of Directors

– USA, South San Francisco –  Five Prime Therapeutics, Inc. (NASDAQ: FPRX), a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics, today announced the appointment of Carol Schafer to its Board of Directors. Ms. Schafer is an industry leader with more than 25 years of investment banking and equity capital markets experience in the biotechnology sector.

“We welcome Carol to our board and look forward to her contributions as we continue to build Five Prime by advancing our differentiated clinical pipeline, leveraging our discovery platform, and collaborating with our strategic alliance partners,” said Aron Knickerbocker, Chief Executive Officer of Five Prime Therapeutics.

“Carol has a long-standing track record as a trusted strategic and financial advisor to the leadership teams of many biotech companies, and we are delighted to have her join our board,” added Aron Knickerbocker, CEO.

About Carol Schafer

In addition to serving as a board member and the audit committee chair at Idera Pharmaceuticals, Ms. Schafer has built a diverse and successful career spanning executive leadership, finance, and operations. In 2018, she retired from Wells Fargo Securities as Vice Chair of Equity Capital Markets where she helped to enhance the firm’s presence and brand in healthcare equity financing by overseeing 220 transactions that raised nearly $90 billion in proceeds. Prior to Wells Fargo Securities, Ms. Schafer was Vice President of Finance and Business Development at Lexicon Pharmaceuticals. Before joining Lexicon, Ms. Schafer was a Managing Director in Equity Capital Markets at JPMorgan where she was responsible for the origination and execution of primary and secondary equity offerings and other financings for healthcare, consumer and retail clients.

“I am impressed by the breadth of the pipeline, the management team and the progress Five Prime has made in executing on its clinical trials,” said Ms. Schafer. “I am delighted to be joining this dedicated and experienced team at such an exciting juncture in the life of the company.”

Ms. Schafer received her B.A. from Boston College and her M.B.A. from the Stern Graduate School of Business of New York University.

About Five Prime

Five Prime Therapeutics, Inc. discovers and develops innovative protein therapeutics to improve the lives of patients with serious diseases. Five Prime’s product candidates have innovative mechanisms of action and address patient populations in need of better therapies. The company focuses on researching and developing immuno-oncology and targeted cancer therapies paired with companion diagnostics to identify patients who are most likely to benefit from treatment with Five Prime’s product candidates. Five Prime has entered into strategic collaborations with leading global pharmaceutical companies and has promising product candidates in clinical and preclinical development.

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