Item 2.02 Results of Operations and Financial Conditions.
Viela Bio, Inc. (the "Company") is providing certain preliminary (unaudited)
consolidated financial information for its fiscal year ended December 31, 2020.
Based on preliminary unaudited information and management estimates for the
fiscal year ended December 31, 2020, and subject to the completion of the
Company's financial closing procedures, the Company currently estimates its
cash, cash equivalents and marketable securities as of December 31, 2020 to be
approximately $380 million.
The Company's estimate of its consolidated cash, cash equivalents and marketable
securities as of December 31, 2020 has been prepared by management in good faith
based upon internal reporting and expectations. However, because the Company's
financial closing procedures for the fourth quarter and fiscal year ended
December 31, 2020 have not been completed, this estimate is preliminary, is
subject to change and may be revised as a result of management's further review
of its consolidated financial position as of December 31, 2020 and its
consolidated financial results for the fourth quarter and fiscal year ended
December 31, 2020. As a result, there can be no assurance that the final results
for this period will not differ materially from this estimate. The above
information should not be viewed as a substitute for full consolidated financial
statements prepared in accordance with generally accepted accounting principles.
In addition, the above information is not necessarily indicative of the
Company's consolidated financial position as of any future date and is subject
to risks and uncertainties, many of which are not within the Company's control.
The above information should be read together with the Company's consolidated
financial statements and notes to those consolidated financial statements and
the other information in the Company's Annual Report on Form 10-K for the year
ended December 31, 2019, Quarterly Reports on Form 10-Q for the periods ended
March 31, 2020, June 30, 2020 and September 30, 2020.
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