>>21933660
>>21933665
The company eventually will produce as much as a quarter of all active ingredients needed for generic drugs taken by Americans, Trump said.
“We’ll be competitive with almost all countries, and soon with all countries,” he declared.
This is one of those rare examples where I find myself in agreement with the president, at least conceptually.
The issue he’s trying to address is a serious one. The vast majority of active ingredients for prescription drugs come from China and India.
https://www.latimes.com/business/story/2020-07-30/column-kodak-drug-ingredients
https://www.pcmag.com/news/kodak-gets-765m-government-loan-to-produce-pharmaceuticals-drugs
The new business unit, according to Kodak, will produce "critical pharmaceutical components" to help rebuild the national stockpile depleted by COVID-19. Once fully operational, Kodak Pharmaceuticals will develop up to one quarter of the active ingredients used in non-biologic, non-antibacterial, generic drugs while supporting more than 1,500 jobs.
"By leveraging our vast infrastructure, deep expertise in chemicals manufacturing, and heritage of innovation and quality, Kodak will play a critical role in the return of a reliable American pharmaceutical supply chain," Executive Chairman Jim Continenza said. Existing manufacturing plants in Rochester, N.Y., and St. Paul, Minn., will be retooled for the new division.
I purchased a small amount back then, when Trump mentioned it. Here are 2 articles that reference the change to pharma.