VISIE CEO Doug Fairbanks discusses the company’s 3D scanning technologies and its vision for the future of enabling technology in orthopedics in an interview with SmartTRAK.
At this year’s American Academy of Orthopaedic Surgeons (AAOS) Annual Meeting in San Diego, orthopedic startups were in the spotlight in the second annual OrthoPitch event, a Shark Tank-like competition sponsored, in part, by SmartTRAK. Medtech startup VISIE rose to the top to win the event out of forty applicants. VISIE’s optical scanning technology uses white and infrared light, provides non-invasive ‘snap’ registration in under a second, and can be used with or without CT to drive surgical robotic arm positioning without tracking arrays. Doug Fairbanks, CEO of VISIE, discussed the company and its goal to introduce pinless tracking for orthopedic procedures in a recent interview with SmartTRAK.
To find out more, listen to the following video (18:18 min). Below is a link to download the complete transcript of the interview.
SmartTRAK: Hi, this is Elise Wolf, VP and GM of Orthopedics and Enabling Technology at SmartTRAK. Today, I'm speaking with Doug Fairbanks, CEO of VISIE. Welcome, Doug. And I want to start out by congratulating you and the entire VISIE team for winning this year's AAOS OrthoPitch event.
Doug Fairbanks: Hi. Thank you, Elise. Thank you for having me. And we're all excited.
It's no small feat. I think it was 40 applicants vying for a spot to pitch their company and technology at the finals. And then you were up against three other companies in the finals, 16 BIT, Auctus Surgical and SentryX to be crowned this year's winner. I'm really excited to share with our subscribers a little bit more about VISIE and your vision for the company. So why don't you give a little background about yourself and about the company?
DF: Thank you. First of all, that was a really remarkable competition for us, and the competition was really stiff, right? We talked to a lot of folks in a lot of places, and it's rare that we run up against competition that I think is so profound and so talented, and delivers so much value for patients in the future. So we were very pleased to be the top on that day and we're excited for the recognition of the company. My name's Doug Fairbanks. I'm the president and CEO of VISIE, formerly Advanced Scanners. I've been in orthopedics for about 15 years. I spent the entirety of my career kind of at the intersection of technology, the OR and commercialization.
I've had the pleasure of working in a lot of different roles with a bunch of different companies. Zimmer, DePuy, I worked at Brainlab in the orthopedics unit for a while, and was really close to how technology integrates with patients. And I'm excited that when I saw what Advanced Scanners was doing at the time, I stopped dead in my tracks. I turned to my wife and I said, ‘I have to go there. I have to go work at that company. That is something special. That is something that's going to change the world.’ And here I am a little over two and a half years later and the company is doing remarkable things. I feel bad that I get to stand in front of everybody and take credit and say we're great. But there's a bunch of really remarkable, very intelligent people who work in the office here, who show up every day and push to the very edge of what is scientifically possible for the benefit of patients and surgeons.
I love it. I think what you're doing is really a paradigm shift in the enabling technology space. So could you describe a little bit about what is the technology with the 3D scanners and what really you're aiming to do, and how you're looking to change the landscape?
DF: When I think about the challenges of the OR, we really have to think as a startup, are we locked onto a problem? Do we see that there's an opportunity to do better? And years ago, I asked myself, ‘Hey, are computers and technology going to be more or less part of our lives going forward?’
I think surgeons are asking themselves the same question, ‘How do I use the benefits or utilize all that computing has to offer, while still integrating into my practice and treating patients in the only way that surgeons can do?’
So when we looked at the problem of robotics, navigation and AR-VR, we realized that ...
