Kodak flies after winning govt loan to make generic drugs

29 July 2020

What was once a leading photography company, but which filed for bankruptcy protection in 2012, USA-based Eastman Kodak’s (NYSE: KODK) shares soared as much as 1,900% in two days, after the Wall Street Journal reported the company had won a $765M government loan under the Defense Production Act.

The aim is to help speed the domestic production of drugs that can treat a range of medical conditions and reduce US reliance on foreign sources, notably China and India.

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