KODK - Eastman Kodak Resurrects Itself As A COVID-19 Play
Eastman Kodak as a COVID-19 Play
Eastman Kodak (KODK) is suddenly a COVID-19 play.
On July 28, 2020, the company announced it secured a Letter of Interest (LOI) from the U.S. International Development Finance Corporation ((DFC)) to establish Kodak Pharmaceuticals with a $765M loan. Kodak Pharmaceuticals will “produce up to 25 percent of active pharmaceutical ingredients used in non-biologic, non-antibacterial, generic pharmaceuticals…” The DFC describes itself as “America’s development bank.” As such, the DFC invests in private companies to support unaddressed, under-served, and emerging market needs in the U.S. In the case of