>>10107308 lb

Kodak announces initiative to create Kodak Pharmaceuticals

The new business unit will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage.

The LOI to be signed today indicates Kodak’s successful completion of DFC’s initial screening and will be followed by standard due diligence conducted by the agency before financing is formally committed.

Once fully operational, Kodak Pharmaceuticals will have the capacity at Eastman Business Park to produce up to 25 percent of active pharmaceutical ingredients used in non-biologic, non-antibacterial, generic pharmaceuticals while supporting 360 direct jobs and an additional 1,200 indirectly.

sauce: https://www.kodak.com/en/company/page/kodak-pharmaceuticals

sauce: https://www.dfc.gov/media/press-releases/dfc-sign-letter-interest-investment-kodaks-expansion-pharmaceuticals?CID=exit&idhbx=dfcrelease