PersonFounderExecutive
Martin Cannon
Martin Cannon is the founder and former president and CEO of Hemanext, the Lexington, Massachusetts company that turned an unproven idea - storing blood with the oxygen taken out - into an FDA-authorized, CE-marked medical device. Starting in the late 1990s with intellectual property licensed from Los Alamos National Laboratory and a handful of employees, he spent more than two decades building Hemanext into a recognized name in red blood cell transfusion, raising over $150 million in equity and NIH funding and securing more than 200 patents along the way. He retired in September 2023, handing the CEO role to longtime CTO Andrew Dunham, and now advises early-stage companies and mentors entrepreneurs.
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