The agreement of the American authorities with Kodak suspended

The implementation of the agreement of the US government on a loan in the amount of 765 million dollars to Kodak for production of generic drugs is suspended, reports Reuters. The Corporation of financing for international development (DFC) explained that this is due to the recent allegations of the company’s management in wrongdoing.

Earlier, the democratic party has demanded an investigation of transactions with securities that were made by the leaders of Kodak around the time when it became known about the conclusion of an agreement between manufacturer and US authorities.

At the end of July it became known about the agreement between the U.S. government and by Kodak about the production of drugs for the American market. For organization of pharmaceutical production the company had to obtain a state loan in the amount of 765 million dollars. It was assumed that Kodak will be able to provide 25% of all played active pharmaceutical ingredients in the U.S. market.

Leave a Reply

Your email address will not be published. Required fields are marked *


For the six months Kurgan “Synthesis” increased revenue by 42%

Revenue of JSC “Sintez” (part of the Allium Group) for 6 months of 2020 has increased by 42% year-on-year to 6,767 billion. Net profit reached 752.9 million roubles that on 23% more than in the same period last year. Export sales grew by 36% year-on-year, exceeding 1 billion rubles, told in the company. Secondary sales […]

Russia confirmed on 5 065 new cases COVID-19

In recent days in Russia identified 5 065 new cases of coronavirus in 83 regions. Died 114 people, fully recovered 6 568 patients. In Moscow confirmed 688 new cases of coronavirus. The average rate of increase of new cases for the first two weeks of August is 0.28%. This figure compares with the first two […]