Kodak, the fallen giant of the photography industry, is pivoting to make the ingredients used in generic drugs to fight coronavirus.
The Trump administration on Tuesday said it was extending a $765m loan to Kodak, as the US government tries to expand domestic manufacturing across medical supply chains to reduce dependence on foreign countries, particularly China.
Kodak will produce both “starting materials” and active pharmaceutical ingredients, White House trade adviser Peter Navarro said in a Fox Business interview on Tuesday.
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