Kodak Now A Pharma Company Expects Drugs To Make Up 30 40 Of Its Future Business
According to the Wall Street Journal, Kodak will soon play a role in curbing the US’ reliance on medicines from outside sources like China — starting with producing ingredients for generic drugs like the Donald Trump-touted hydroxychloroquine. Kodak chief exec Jim Continenza told WSJ he expects basic pharma ingredients to eventually make up 30% to 40% of the company’s overall business. Kodak took a $765 million loan from the US International Development Finance Corporation to power the shift, which is effectively a government bank....