Summary of AVEO PHARMACEUTICALS INC

Item 2.02 Results of Operations and Financial Condition.

Although it has not finalized its full financial results for the fourth quarter and fiscal year ended December 31, 2012, the Company will announce during the 31st Annual J.P. Morgan Healthcare Conference, which begins on January 7, 2013, that it expects to report that it had approximately $160,000,000 in cash, cash equivalents and marketable securities as of December 31, 2012.

The information contained in this Item 2.02 of Form 8-K is unaudited and preliminary, and does not present all information necessary for an understanding of the Company's financial condition as of December 31, 2012 and its results of operations for the three months and year ended December 31, 2012. The audit of the Company's consolidated financial statements for the year ended December 31, 2012 is ongoing and could result in changes to the information set forth above. The Company anticipates making a public announcement of its results of operations for the fourth quarter and fiscal year ended December 31, 2012 on or about February 20, 2013.

The information in this Item 2.02 shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosure.

The Company's President and Chief Executive Officer, Tuan Ha-Ngoc, will be presenting on January 8, 2013 at the 31st Annual J.P. Morgan Healthcare Conference. The slides to be used during Mr. Ha-Ngoc's presentation are attached hereto as Exhibit 99.1 and the information contained therein is incorporated herein by reference. As discussed in the accompanying slides, the Company currently estimates that its existing cash and cash equivalents, marketable securities, committed research and development funding and milestone payments that it expects to receive under its existing strategic partnership and license agreements will allow it to fund its operating plan through 2013.

The information in this Item 7.01 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.