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US Redirects Kodak Playbook with $765M Loan

Kodak begins a new era, moving into pharmaceuticals with massive government loans. Yes, go into generic drugs and leave cameras for Samsung, Apple and others.

Thanks to a $765 million government loan under the Defense Production Act, Kodak is moving into drug production. The former film leader is going to make a bunch of generic drugs, such as the antimalarial drug hydroxychloroquine, to reduce the U.S.'s dependence on countries such as China and India. President Trump: "It’s a breakthrough in bringing pharmaceutical manufacturing back to the United States." Fujifilm made a similar pivot, and health care and material solutions now makes up 43% of that company's total revenues (Fortune)