PolyRemedy Hires Gary Coughlen as CFO( New addition to executive team has ...),Health

New addition to executive team has extensive medical device and finance

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MOUNTAIN VIEW, Calif., Oct. 28 /PRNewswire/ -- PolyRemedy, Inc., a manufacturer of point-of-care robotic systems for the fabrication and tracking of customized, nano-material-based wound treatments, has hired Gary Coughlen to serve as the Company's chief financial officer. Coughlen joined the PolyRemedy management team on October 14, 2008, and reports directly to the Company's president and chief executive officer Dan Eckert.

"We are pleased to have Gary on board. Gary is a seasoned professional with more than 20 years of experience in finance, much of it in the medical device setting," Eckert says. "As we prepare to launch revolutionary technology to the wound care market, his experience and proven understanding of the challenges and opportunities facing a rapidly growing medical device company will be a great asset to our team."

As CFO, Coughlen will be responsible for all aspects of PolyRemedy's finance function, including accounting, financial planning and analysis, and internal policy development. In addition, he will oversee other important departments, including facilities, legal, intellectual property and human resources.

"PolyRemedy is an exciting company in an exciting time. I look forward to doing my part in helping the company successfully transform from a start-up, R&D focus to a world class leader offering innovative solutions to the wound care market," Coughlen says.

Coughlen most recently served as CFO and board secretary for Refractec, Inc., a vision technology firm based in Irvine, Ca. While there, he helped raise $42 million in equity capital and $8 million in non-bank debt financing, and he managed the company banking relationship. Coughlen oversaw the company's growth from 3 to 75 employees, and helped transition the company from its R&D stages to commercialization of its product after FDA
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