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Trump announces an agreement with the Kodak company to turn it into a pharmacist

July 29, 2020

The President of the United States, Donald Trump, announced on Tuesday that his government had an agreement with Kodak that would allow the company to manufacture drugs.

The agreement is possible thanks to the Defense Equipment Production Act, a Cold War regulation that entered into force at the end of March that gives it “war powers” to increase the national production of medical supplies to combat the COVID-19 pandemic accelerate. .

“With this agreement, my administration is using the Defense Production Act to provide a $ 765 million loan to help launch Kodak pharmaceuticals,” Trump said at a conference call. Publication in the White House.

Trump announces an agreement with the Kodak company to turn it into a pharmacistTrump announces an agreement with the Kodak company to turn it into a pharmacist

According to the CNN television station, Kodak will produce generic pharmaceutical products. “With advanced manufacturing techniques, Kodak will also manufacture the key raw materials that are the building blocks of many drugs in a cost-effective and environmentally friendly manner,” he said.

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