Eastman Kodak Company (KODK)

[MinnieM]

Kodak isn't as strange a choice as some think. They've been heavy into chemical manufacturing for years.

The FDA still lists the Rochester plant as an API manufacturer. This expires in 12.31.20, but, my guess is that it's going to be renewed.

Just type in Kodak where it says "Search for Firm Name"
https://www.accessdata.fda.gov/scripts/cder/drls/getdrls.cfm

They clearly have a history in this arena.
http://www.wicz.com/story/42451868/how-kodak-went-from-photography-pioneer-to-pharmaceutical-producer

1988: Kodak made an earlier foray into the pharmaceutical industry when it bought Sterling Drug Inc. for $5.1 billion. At the time, Kodak was the largest maker of photographic products in the world, but it faced growing competition in photography, and was in the process of diversifying its business. The company already had a life sciences segment, which the Sterling acquisition was intended to boost, the New York Times reported at the time.

1994: Kodak sold off the remainder of its Sterling assets for $2.9 billion in cash, part of a move to concentrate on its core photography and imaging business. Kodak had previously sold Sterling's pharmaceutical business for nearly $1.7 billion in cash, according to the Associated Press.

I'm not holding... just watching for a point I may want to get back in for a quick trade down the road.








Strange,... they didn't chose a pharmaceutical company
Quote:
Bringing Pharmaceutical production back to the US is the Right and Smart thing to do for Future Generations