July 28, 2020

Faded photo giant Kodak gets $765 mn for drug business

Washington (AFP) – Erstwhile photo giant Eastman Kodak will launch a new business manufacturing pharmaceuticals amid the coronavirus pandemic, using a $765 million government loan, the company announced Tuesday.The loan from  the US International Development Finance Corporation (DFC) will fund the creation of Kodak Pharmaceuticals, which “will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage,” the agency said in a statement.The firm, which signed a “letter of interest” with the DFC on Tuesday, will produce “up to 2…

source https://this.kiji.is/en/660892989717480545?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *