Faded photo giant Kodak gets US$765 million for drug business

WASHINGTON - Erstwhile photo giant Eastman Kodak will launch a new business manufacturing pharmaceuticals amid the coronavirus pandemic, using a US$765 million government loan, the company announced on Tuesday .

The firm, which signed a"letter of interest" with the DFC on Tuesday, will produce"up to 25 per cent of active pharmaceutical ingredients used in non-biologic, non-antibacterial, generic pharmaceuticals."

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