This company wants to upend your entire medical experience

The Street

Vivek Wadhwa, CEO of Vionix Biosciences, joins TheStreet to explain how his company is aiming to disrupt the medical industry.

Transcript

00:00One of the biggest problems is that we don't get diagnosed with disease.

00:04The entire U.S. medical system is geared towards keeping us sick

00:07and then pumping us with chemicals over our lifetime.

00:11What if we could diagnose disease at the earlier stages?

00:13What if we did frequent tests at home with our urine, with our breath,

00:18if necessary, with our blood, and we could know exactly what disease we're about to get?

00:23Medical diagnostics to the next level.

00:25That's what I'm trying to make possible.

00:27With an entirely new set of technologies that converts biology into light

00:33and then uses artificial intelligence to analyze the light spectrum to tell us what's in it.

00:40So what is the issue that your company is trying to address?

00:45Is it that diagnostics takes too long, it's too costly,

00:48it's not friendly for the patient, not friendly for the doctor?

00:54All of the above.

00:55That, you know, how often do you get blood tests?

00:58How often do you get tested for any disease?

01:01It's only when you're, you know, really, really sick.

01:03When you go to your doctor, your doctor orders a blood test

01:05and you get the results a couple of days later.

01:07What if you could go to the supermarket and do a breath test

01:11and have it diagnose all the diseases you might possibly have?

01:15That's what I'm trying to make possible.

01:16Inexpensively.

01:18Get the cost down to almost zero of medical diagnostics.

01:22So do you think now is the right time?

01:24I mean, especially after COVID, many people are just used to, like, you know,

01:29spitting into the little vial and twisting it and doing all that kind of stuff.

01:32Maybe pre-COVID people don't like that kind of stuff.

01:35Do you think that people will be more adaptable to your technology?

01:42Yes, you know, during COVID, we realized that we needed to get,

01:46you know, tests to see what disease we have.

01:49We've had disease from the beginning of humanity,

01:51you know, all sorts of diseases, including cancer.

01:54The idea is to diagnose them and make the cost of diagnostics

01:58very low so that you can even do it at home.

02:00That's what I'm working on.

02:01Very ambitious project.

02:03And it seems like science fiction, I mean, you know,

02:05everyone reminds me of Theranos, of all these promises that were made.

02:09Well, this is 10 times more ambitious than Theranos.

02:12And what I'm doing is making all the technology available

02:16to researchers over the world.

02:18And we're open sourcing everything.

02:19So no secrecy, you know, it's not about money.

02:22It's about helping humanity.

02:24And it's technology that I know works because we already have

02:28pilot units working and we're already getting massive amounts of data

02:32and training our AI with it.

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