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Illumina CEO deSouza: Innovation Is ‘Our North Star’

Sequencing group sees a growing role for genomics in infectious disease

 
• By Ashley Yeo

The total addressable market for genomics-based infectious disease testing has expanded in recent months, says Illumina, after becoming the first company to receive a US EUA for a next-generation sequencing-based COVID-19 test. It came amid a raft of innovation activity and tuck-in M&A for the San Diego company.

Bright star

The near-term disruption to markets generally by COVID-19 did not spare Illumina, Inc., which reported a 25% dip in second-quarter 2020 revenues. But the longer-term, and even the anticipated next stage of the pandemic, may present a more favorable business environment for the next-generation sequencing (NGS) group.

Those were the sentiments of president and CEO Francis deSouza, prefacing an ostensibly disappointing set of interim results, due mainly to a coronavirus-affected drop in academic and research revenues as...

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• By Brian Bossetta

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Handheld Diagnostics: A Resurging Category That is Here to Stay

 
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More from Medtech Insight

Get Ready For International Harmonization Before Approaching QMSR Deadline, Says Regulatory Expert

 
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Handheld Diagnostics: A Resurging Category That is Here to Stay

 
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Execs On The Move: 12-23 May 2025

 
• By Medtech Insight Team

An interactive look at recent executive-level company changes and promotions in the medical device and diagnostics industries.