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chowder66

(9,010 posts)
7. They will be producing ingredients used in generic drugs.
Tue Jul 28, 2020, 11:39 PM
Jul 2020

From the article

snip

Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic.

Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S. government awarded the company a $765 million loan to start producing drug ingredients under the Defense Production Act, the first of its kind.

snip

Kodak said Tuesday it will produce pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage, as defined by the Food and Drug Administration.

snip

Kodak filed for bankruptcy in 2012 as the shift to digital cameras devastated the business. The move to drug production marks a fighting chance for the onetime leader in film and photography.

I suppose they'll just use all those old film processing chemicals they have laying around. dflprincess Jul 2020 #1
This message was self-deleted by its author Chin music Jul 2020 #2
They give us those nice bright colors... Steelrolled Jul 2020 #15
And I had one of the skinny Instamatic cameras dflprincess Jul 2020 #16
This message was self-deleted by its author Chin music Jul 2020 #17
Yeah so did I before my mom got me a Disc camera 47of74 Jul 2020 #24
Since injecting disinfectants works so well, injecting old film-developing chemicals ought to work progree Jul 2020 #6
Now if only we could figure a way to get those flash cubes to go off up our butts. Marie Marie Jul 2020 #8
I thought the same thing Steelrolled Jul 2020 #14
How many shares does Trump own? TreasonousBastard Jul 2020 #3
How many Republicans in Congress bought Kodak in the last few days? machI Jul 2020 #19
What drugs and who stands to profit? pecosbob Jul 2020 #4
They will be producing ingredients used in generic drugs. chowder66 Jul 2020 #7
Yeah...I read it and it was vague. I just hope the list from the FDA is bona fide pecosbob Jul 2020 #9
I looked it up chowder66 Jul 2020 #11
"Lapsed into chronic shortage." That would be hydroxychloroquine used in treating Lupus Thekaspervote Jul 2020 #10
That was my first thought as well. chowder66 Jul 2020 #12
It is interesting to see the government taking positions in industries that Hoyt Jul 2020 #5
+1 I think we are way past due to correcting Steelrolled Jul 2020 #13
a Kodak moment Demonaut Jul 2020 #18
I smell the odor of insider trading... Crazyleftie Jul 2020 #20
why? catsudon Jul 2020 #21
The trump crime family benefitted from this, big-time. Count on it. (nt) Paladin Jul 2020 #22
Their benefit is not to get charged under RICO law, and that is temporary. ancianita Jul 2020 #23
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