Kodak has just gotten a $765 million loan to start making drugs

Jul 30, 2020

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

Kodak has just gotten a $765 million loan to start making drugs

Jul 30, 2020

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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We mainly know Kodak for its film and chemicals. However, looks like Kodak Eastman is getting into a different kind of chemical business. The company was granted a $765 million government loan to open a new branch that will produce pharmaceuticals.

According to Kodak’s announcement, they will produce “critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage.” The loan they got is a part of the efforts to support the domestic response to COVID-19 under the Defense Production Act (DPA).

“Once fully operational, Kodak Pharmaceuticals will have the capacity to produce up to 25 percent of active pharmaceutical ingredients used in non-biologic, non-antibacterial, generic pharmaceuticals,” writes DFC. Kodak Pharmaceuticals will support 360 direct jobs and an additional 1,200 indirectly.

I’ll remind you that Kodak isn’t the only company expanding into the medical field. Fujifilm and Canon have joined the efforts to fight COVID-19 by developing a drug and rapid tests for the virus. It’s not clear how and if the new pharmaceutical branch will affect Kodak’s film division. But I guess that’s something we’ll discover as time goes by.

[via No Film School]

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Dunja Djudjic

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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6 responses to “Kodak has just gotten a $765 million loan to start making drugs”

  1. David Cooper Avatar
    David Cooper

    We going to start being able to develope our own film in our stomach? ?

    1. Moses Rodriguez Avatar
      Moses Rodriguez

      it comes out in a single uncut roll when we poop!!

    2. David Cooper Avatar
      David Cooper

      Moses Rodriguez That’s gotta sting ?

  2. Tom Polous Avatar
    Tom Polous

    They have the FIX for my fix.

  3. Mike Van Den Berg Avatar
    Mike Van Den Berg

    Of course. China is the owner now so let’s kill more people but this time with drugs. ?‍♂️

  4. Monisha Menon Avatar
    Monisha Menon

    That’s what I call re-innovation and why not – my first camera was a Kodak.