I don't know what it means the CEO buying stocks five weeks before news was leaked,...
...but I doubt that Kodak will be making hydroxychloroquine. They aren't going to manufacture drugs (as I read it), they will by synthesizing precursors for the manufacture of drugs. Second, hydroxychlorquine is a political football and what we hear about it's lack of efficacy might not be true....
The same could be said for either existing pharmaceutical firms or any synthesizing firm.
Kodak says it is part of hi normal stock purchase plan.
The same could be said for either existing pharmaceutical firms or any synthesizing firm.
I hope it at least bailed out some Kodak retirees also. Too bad Ron could not be here to see this day.
I wonder if Bauch (formerly Bauch and Lomb) and Apotex will count as US companies.
"Kodak Government Deal On Verge Of Collapse: DFC Says "Recent Allegations Of Wrongdoing Raise Serious Concerns"
https://www.zerohedge.com/markets/k...s-recent-allegations-wrongdoing-raise-serious
The stock purchase might have been a scheduled purchase, but then one wonders about the announcement timing. We'll see.Kodak CEO bought 47,000 shares one day before the announcement. He's been a regular buyer, but his timing in this case was incredibly stupid.
Have you seen how drugs are priced for US market? This is what needs to get fixed as pricing has nothing to do with production cost, but is directly linked to health care market, hospital stay costs etc. The only country in the world that gets this raw deal from drug makers. Same drug from same maker elsewhere sells for a lot less and this is openly discussed at press conferences.The real challenge with any attempt to restore local production capacity is that for it to work there needs to be acceptance as well of purchasing at something higher than the lowest or "best" price.
If you leave it up to just the market, that won't work well.
So you need subsidies, and you risk running afoul of agreements like NAFTA or its Trump replacement, which prohibits government subsidies in return for granting unfettered access to other markets.
The US currently pays the highest prices in the world for prescription drugs - both proprietary and generic. Just think how high those prices are likely to get if you force purchasing from higher priced local manufacturers.
Have you seen how drugs are priced for US market? This is what needs to get fixed as pricing has nothing to do with production cost, but is directly linked to health care market, hospital stay costs etc. The only country in the world that gets this raw deal from drug makers. Same drug from same maker elsewhere sells for a lot less and this is openly discussed at press conferences.
Probably not. If there was monkey business some heads will roll.
I don't see how potential malfeasance in a potentially lucrative contract for Kodak suddenly loses its relevance when it's suddenly revealed to have political implications. It could have disastrous results for anyone who wants to continue to have Kodak products in their life.
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