https://www.businesswire.com/news/home/20200127005369/en/

NINGBO, China--(BUSINESS WIRE)--Jan 27, 2020--

Ningbo NewBay Medical Technology Co., Ltd., a subsidiary of Ningbo Tai Kang Medical Technology Co., Ltd. announced today that it has entered into a licensing agreement with Genentech, a member of the Roche Group, under which it has been granted the exclusive global rights to further develop and commercialize GDC-0570, a small molecule Pan-PIM inhibitor that is active against multiple myeloma and prostate cancer in preclinical models. PIM kinases regulate cell metabolism, growth and survival.