Coronavirus: Kodak gets US$765 million for drug business, in move to cut US dependence on China and India

Photo industry giant Eastman Kodak will get a US$765 million loan from the US government to produce pharmaceutical ingredients and reduce dependency on other countries, in what US President Donald Trump called a “breakthrough” in bringing such production back to the United States.The loan is the first of its kind under the Defence Production Act in collaboration with the US Department of Defence. It is intended to speed production of drugs in short supply and those considered critical to treat…

Read the original article at South China Morning Post