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Viela Bio, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Mar 1, 2021. Its latest SEC filing is a 15-12B from Mar 25, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Develops and sells medicines for autoimmune diseases, including Uplizna for neuromyelitis optica spectrum disorder, and advances other drug candidates for autoimmune conditions.

How Did They Make Money?

Specialty distributors and pharmacies pay for Uplizna when they receive and accept the product. For partner territories, the company may receive milestone payments and royalties on sales; payments for supplied product are invoiced at shipment, with amounts above cost tied to partner sales.

FY2020 revenue

Who Were Their Customers?

Specialty distributors and specialty pharmacies buy Uplizna directly. In Asia, Mitsubishi Tanabe Pharma and Hansoh Pharma are partners responsible for commercializing inebilizumab in their territories if approved.

Did Revenues Turn Into Profits?

No. It lost $150.7M in FY2020.

Operating income, FY2020
−1321% of revenue
▲ +72% (Loss) vs FY2019 (−$89.7M, −179%)
Net income, FY2020
−1293% of revenue
▲ +74% (Loss) vs FY2019 (−$86.4M, −173%)
Free cash flow, FY2020
−919% of revenue
▲ +1% (Loss) vs FY2019 (−$106.2M, −212%)

How Were They Changing?

Since the FY2020 annual report
  • Mar 15, 2021 Horizon completed its acquisition of Viela Bio Viela became an indirect wholly owned subsidiary and requested Nasdaq delisting.

Shrank. Revenue fell 77% in 1 year, from $50M in FY2019 to $11.7M in FY2020, about 77% a year.

Who Did They Compete With?

Competes with Alexion Pharmaceuticals, Genentech, Chugai Pharmaceutical, Genentech USA, Bristol-Myers Squib, UCB, Biogen, Boehringer Ingelheim, AbbVie, and Novartis

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