July 29, 2020, 03.16 PM

Read also: Trump Administration to Pay Big Bucks for Pfizer’s Covid-19 Vaccine

New York-based Kodak, which was founded in 1888, has a market capitalization of $114.6 million.

The loan will allow it to launch Kodak Pharmaceuticals, a new arm of the company that will produce critical pharmaceutical components.

"By the time this thing ramps up, 25 percent of the (active pharmaceutical ingredients) for generics we need in the United States is going to be right at that facility," Navarro said in the interview.

(Writers: Dania Nadeem, Ankur Banerjee | Editor: Shounak Dasgupta) 

Source: https://www.reuters.com/article/us-eastman-kodak-deals/eastman-kodak-to-get-765-million-us-loan-to-make-drug-ingredients-idUSKCN24T1VD 

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