About Francis Desouza
Francis deSouza, then CEO of Illumina, appeared on CNBC in December 2021 and January 2022 to discuss the company's role in COVID-19 genomic surveillance and its financial performance. In December 2021, deSouza stated that the U.S. had made progress in sequencing COVID-19 positives, reaching a national rate of five to ten percent in the prior three months, though he noted variability across states, with some sequencing 30 percent of positives and others only one percent. He described the Omicron variant as "surprisingly" heavily mutated, with over 50 new mutations, and said hypotheses for its emergence included chronic infection in an immunocompromised person, animal-to-human transmission, or circulation in an unsequenced population. He also said the U.K. had been a leader in genomic surveillance since April 2020, while most other countries did not follow until December 2020.
In January 2022, deSouza said Illumina's 2021 revenue grew 39 percent over the previous year and that the company guided for 14 to 16 percent growth in 2022, which he described as "significantly ahead" of expectations. He attributed the growth to expanding reimbursement for genomic testing, noting that over one billion people worldwide had reimbursement for some form of genomic testing, with expectations to reach two billion in a few years. He also said that over 117 countries were using Illumina for COVID genomic surveillance, and that the company's Grail cancer detection test was signing up employers and healthcare providers.
Source: AI-verified profile updated from Francis Desouza's recent appearances.
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Transcript (11 segments)
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Interviewer0:00
We're going to go now to Francis Desouza, CEO of Illumina, a company that identifies and tracks COVID variants through genomic sequencing. Good morning to you.
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Francis Desouza0:09
Hello there.
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Interviewer0:10
From what you are seeing, the two billion dollars that U.S. taxpayers just helped allocate towards improving sequencing in this country, is America better now than we were at the start of this pandemic at figuring out exactly where the virus and the variants are?
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Francis Desouza0:27
Yeah, we're making progress and we're in a lot different position than we were at the beginning of the pandemic, and certainly even a year ago. We were sequencing very little in terms of the positives that we were seeing in this country. But over the last year, we started to see sequencing infrastructure being rolled out. And now, if you look at the course of all of 2021, we've probably sequenced over the course of 2020 on about three percent of the positives that we've seen this year. Now, best practices are to do between five and ten percent, but if you look at the last three months, we're now in that five to ten percent range. So I think overall we're starting to get the right amount of sequencing done in the U.S. The challenge is that it's very variable across the states. And so you have some states that are close to 30 percent of positives, and you have some states that are closer to one percent. And so overall, I think we have the capacity we need. It's just that we clearly have blind spots in parts of the country where we need to do more.
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Interviewer1:21
And to that point, in the United Kingdom, within 48 hours of the first cases, they knew. After South Africa sounded the alarm, the UK detected they had Omicron on their shores. Here in the United States, it was out of Minnesota. It took a week of time to pass between when the patient was tested and state health officials in Minnesota confirmed it. Why are we slower? Isn't that more dangerous?
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Francis Desouza1:47
It absolutely is, and you want to be ahead of this. There's no question that the UK specifically has been one of the leaders in terms of rolling out a global genomics epidemiological infrastructure. So they have been doing surveillance since April of 2020. So they were one of the first countries in the world to recognize the value of doing genomic sequencing of the positives, identifying how the virus was mutating. And so they started in April of 2020, and frankly, not many other countries followed until December of 2020 when we started to see new variants emerge and it became clear that there was huge value in understanding how this virus was mutating. That we needed to understand it so we could track how it was spreading, but also to know if the tools we were using to fight the pandemic, the vaccines, the diagnostics, the therapies, whether they were still going to be effective, right, in terms of how this virus mutated.
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Interviewer2:40
There's speculation that it either jumped back and forth between animals and humans, or that there was something unique to its mutation within immunocompromised individuals. Do you have any insight into why Omicron seems to be so uniquely threatening?
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Francis Desouza3:00
Yeah, what really is surprising about the genome of this variant is that it is so heavily mutated. So we have over 50 new mutations, 30 of which are in the S gene, which makes the S protein, and that's important. But the fact that there are so many that we haven't seen before, coming from a virus that only mutates two to three times a month, tells us that it's been somewhere mutating for a long time and we haven't seen it. And so there are a number of hypotheses. One, it could have been as part of a chronic illness that somebody who was perhaps immunocompromised had over a year, and so they weren't ever really able to clear the virus. And so they had it and it was mutating, and then for some reason it started transmitting again over the last couple of weeks. Or it could have been, as you said, transmitted to an animal, if it mutated there, and then come back into humans. Or it could have been circulating in a part of the global population that's just not being sequenced. And so we're trying to figure out, you know, where was it for so long mutating undetected. The other thing that's important is that the mutations we're seeing, the 30 mutations on the S gene, are important because the S gene codes for the S protein, and that's important for two reasons. One, that is how the virus interacts with human cells and gets into human cells, and we've seen with other variants of concern that certain mutations make variants more transmissible. And so there's an indication, and we're seeing that with some of the early data, that this variant might be more transmissible. The second reason it's important is that the S protein is actually a target for some of the vaccines. So the question now is, is it mutated enough that it would escape some of the vaccines? Right, and we will be watching what the South African scientists find on that.
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Interviewer4:48
Of course, in this country though, do you think there is a national strategy to go along with the money we talked about, the two billion, to improve sequencing?
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Francis Desouza5:00
I think we're starting to put it together. Clearly there wasn't at the beginning of the pandemic, and there are lots of elements of a national strategy that are essential. So, you know, one is sort of understanding what are we trying to shoot for in terms of percentage of positives that we want to sequence. Two, how is that going to happen? So how are the samples going to go from clinics where testing is happening to labs that can do the sequencing, and those connections needed to be made. And then there's got to be more work around how is the data going to be shared. And so all of that, I think there are ideas and they're being put together, but there's still work being done.
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Interviewer5:36
All right, thank you very much, Mr. Desouza, for your time this morning.