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29 July 2020
Kodak Enters The Drug Business
ROCHESTER . NEW YORK—
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Kodak has been focused on the printing industry since coming out of bankrupt protection
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Kodak is moving into pharmaceutical manufacturing with US government backing. Kodak will be revamping it's facilities in Rochester and St Paul for the new Pharmaceuticals operation, which will make ingredients for generic pharmaceuticals, components are critical to the American people and US national security.
Some ingredients have been identified as essential “but have lapsed into chronic national shortage”. Kodak used to have a Health Imaging division but sold it in 2007. Kodak also has reaffirmed its continuing commitment to the printing industry. Kodak’s share price rocketed to from $7.94 to $13.32 – the 52-week high is $11.80.
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