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Channel Medsystems Gets $9.7 Million, Names Ric Cote as CEO


5/7/2013 8:36:11 AM

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Channel Medsystems Inc. named Ric Cote as president and CEO and raised $9.7 million in Series B financing. The round was led by Boston Scientific Corp. and included the backing of InCube Ventures, Aperture Ventures, Scientific Health Development II and STCM Ventures. Cote replaces co-founder Dr. Dan Burnett, who had been "interim CEO" at the San Francisco-based company since 2009. Cote was previously the longtime sales and business development chief at Mountain View-based reproductive medical technology developer Conceptus Inc., a position he left last summer around the same time that he joined Channel's board.

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