Leggett Hails Opening of Viela Bio, MedImmune Spin-Out

Montgomery County Executive Ike Leggett hails the announcement that Viela Bio, a newly-formed spin-out of MedImmune, the global biologics research and development arm of AstraZeneca, will be based in Gaithersburg. This will create 100 jobs within three to five years.

Viela Bio will take its place alongside the many other successful biotech firms located in the County. Viela Bio’s work will focus on developing medicines for severe autoimmune diseases by targeting critical pathways at the root cause of disease. The company has announced a Series A financing with up to $250 million in investment capital.

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Press release from the Office of Governor Larry Hogan at New Biotech Company, Viela Bio, Launches in Maryland

More information from Viela Bio at Viela Bio Spins Out of MedImmune; Launches with Up to $250 Million Series A Financing from Investor Consortium Led by Boyu Capital, 6 Dimensions Capital, and Hillhouse Capital