Why Is Kodak Making Pharmaceuticals?

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  • 게시일 2020. 08. 22.
  • Last month, the U.S. government announced a letter of interest to provide Kodak with a $765 million loan to launch Kodak Pharmaceuticals. Under this loan, Kodak would manufacture critical pharmaceutical components that have been identified by the FDA as essential but have lapsed into chronic national shortage. But the deal is now on hold as the SEC investigates the circumstances around Kodak's disclosure of the loan.
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댓글 • 179

  • @indieguruge
    @indieguruge 3 년 전 +49

    Kodak doesn’t look like a bankrupt company when you look at their executive chairman. This a prime example of bad people managing a good company.

    • @matheushenrique5963
      @matheushenrique5963 3 년 전

      Actually it does like the guy had to read a 1-2 minutes speech, they need a massive change to actually be capable of reviving their old glory to me they still look like the Kodak who couldn't adapt to the future

  • @benkroneberger
    @benkroneberger 3 년 전 +109

    lol stock price went from $2 to $50 and now back at $7 LMAO

    • @TracksideViews
      @TracksideViews 3 년 전 +11

      I was in on that move. Worked out well!

    • @benkroneberger
      @benkroneberger 3 년 전 +2

      @@TracksideViews your the reason the gov deal isnt going to go through lmao

    • @krismine99
      @krismine99 3 년 전 +2

      @@benkroneberger no, it was the trading that occurred before the public statement on the contract that caused the damage

    • @benkroneberger
      @benkroneberger 3 년 전

      @@krismine99 i was kidding but yea didnt work out so good for those guys

    • @leehyunsong7001
      @leehyunsong7001 3 년 전 +5

      Still handsome return if you bought at $2

  • @jtstacey83
    @jtstacey83 3 년 전 +26

    People who are talking about the single-digit cost increase to manufacture here at home are missing the bigger picture. If you can't get these essential compounds to begin with, how will you produce the drug you are selling at an insane markup?

  • @fasiuddiin
    @fasiuddiin 3 년 전 +51

    coz they broke af , needless to say they didn't shift business fast

  • @brazendronzer9502
    @brazendronzer9502 3 년 전 +29

    They missed the digital shift, but it’s good for Kodak to find ( or trying) its niche in chemicals and pharmaceuticals.

    • @johnl.7754
      @johnl.7754 3 년 전 +1

      anil kumar Even is they go digital earlier they still probably will not do well against the Asian rivals because of much higher cost structures.

    • @YAMAHA_FAN.
      @YAMAHA_FAN. 3 년 전 +2

      anil its too late for them when i was doing my PhD from Michigan uni they were there begging for a volunteer to Indian student for them but no one wanna on sinking ship coz everyone knows they don't have budgets for future one of our good known Indian company trying to deal with them but after four months that also went to the ditch

    • @allangibson8494
      @allangibson8494 3 년 전 +3

      Kodak was never a photographic company - they were a chemical company that made high purity chemicals that happened to be used in photography. They missed the switch from chemical photography to digital printing. If they had gone into computer printers and inks they would be rolling in money.

  • @sanjayajshetty8816
    @sanjayajshetty8816 3 년 전 +39

    I mean they do have a lot of empty offices, so why not pharma?

    • @eduardochavacano
      @eduardochavacano 3 년 전 +4

      pharma is the same, developing illusions and make money out of negatives.

  • @soundbreaker8174
    @soundbreaker8174 3 년 전 +37

    They’re playing Minecraft now? 2020 is just getting even weirder

  • @markyouneva7840
    @markyouneva7840 3 년 전 +7

    my doctor is now telling me to take 2 pictures every 4 hours as necessary and that if I forget to take my pictures, don't double up and just continue to take the regular dosage as soon as I remember. this is ALL VERY CONFUSING!!

  • @wilfredpeake9987
    @wilfredpeake9987 3 년 전 +8

    I had a feeling kodak could do it but when I saw the share purchases I lost all faith

  • @rext8949
    @rext8949 3 년 전 +5

    When the share soared and then tanked it was a KODAK moment. Smile 😅

  • @THEWASHROOMKILLER
    @THEWASHROOMKILLER 3 년 전 +11

    Jeez I thought Kodak only makes music

  • @danishpride1
    @danishpride1 3 년 전 +15

    I like how CNBC copies from Company Man and then name they're segments "CNBC Originals"

  • @brucewayne5916
    @brucewayne5916 3 년 전 +2

    I bought a kodak tv for my bed room. But this video not mentioned any TV's😑?

  • @boballende
    @boballende 3 년 전

    Excellent journalism CNBC!

  • @brianjohnson976
    @brianjohnson976 3 년 전 +1

    Does anyone know what other companies may be getting these loans from the government to get into the pharmaceutical space?

    • @t3toptentube
      @t3toptentube 3 년 전

      Nothing is confirmed but there are "rumors" that BlackBerry Lmt may be another company that will be getting a government loan to make pharmaceuticals!
      Only a rumor though...nothing confirmed, but many thought the same about Kodak.

  • @shankysays
    @shankysays 3 년 전 +2

    Kodak said digital camera wouldn't pick over and now Kodak never picked from there.

  • @rigs54321
    @rigs54321 3 년 전

    This right here is some quality content 👌🏽

  • @johnstivers41
    @johnstivers41 3 년 전 +4

    Eastman Kodak= Eastman Chemical

  • @DieselDork11
    @DieselDork11 3 년 전 +13

    Because they don’t make film anymore. Your time is now saved. Bump this to the top.

    • @shortymcsteve
      @shortymcsteve 3 년 전

      @Butch Davis Yes they do. Film is growing year over year in popularity.

  • @maggiejetson7904
    @maggiejetson7904 3 년 전 +2

    Intel is having this same problem now

  • @jackaxe2235
    @jackaxe2235 3 년 전 +13

    Physical films died the moment Smartphone was born

    • @eduardochavacano
      @eduardochavacano 3 년 전 +2

      id still want a digital camera or a kodak. Its more comfortable to ask someone you just met to have a photo with you, when you dont need to hold a smartphone to their faces and make them think you live in social media and the whole moment you have together is for IG drama.

  • @NIGHTLIFEPLUG
    @NIGHTLIFEPLUG 3 년 전 +4

    They have to step their game back up!

  • @chimpspecialist
    @chimpspecialist 3 년 전 +3

    Can they make isopropyl? There's a shortage of isopropyl.

  • @kingopinion8284
    @kingopinion8284 3 년 전 +2

    Where are the subtitles :'v?

  • @Hoxgene
    @Hoxgene 3 년 전 +8

    desperate times call for desperate measures. at least they didn't quit

    • @eduardochavacano
      @eduardochavacano 3 년 전 +2

      Kodak making medicines best illustrate how big pharma is all about selling placebo effects.

  • @Robay146
    @Robay146 3 년 전 +2

    7:28 A day before? Better call Scooby & the gang!

  • @justynakijek6004
    @justynakijek6004 3 년 전 +2

    I'm surprised they didn't change their name a become a new company altogether

  • @cartier2312
    @cartier2312 3 년 전

    Free Kodak Black 🙏🏽⏳

  • @saswotlamichhane5862
    @saswotlamichhane5862 3 년 전 +4

    Okay, so Kodak, *"Are you mad"???*

  • @lucaliberati5807
    @lucaliberati5807 3 년 전 +3

    Kodak has made a lot of stuffs in the past .

  • @toddarmstrong1909
    @toddarmstrong1909 3 년 전 +1

    It only follows Fuji Film's lead 25 years later?

  • @tonycallea5433
    @tonycallea5433 2 년 전

    Hello they did pill coatings in the 80’s you know also did quite a bit on the Hubble ,also their health care division Kodak was doing a lot of different things

  • @21_hetpandya2
    @21_hetpandya2 3 년 전 +20

    At this point Kodak isn’t even a proper company it’s literally putting its foot wherever it gets them some money boost but then it is back to square one like why can’t they make high quality cameras

    • @allangibson8494
      @allangibson8494 3 년 전

      Kodak NEVER made high quality cameras. EVER.
      If they did they would have gone into photocopying and high speed laser printers like Minolta and Nikon.

    • @21_hetpandya2
      @21_hetpandya2 3 년 전 +1

      Allan Gibson not saying they made good cameras in the past saying that they can do now as they have experience and a brand name for that

    • @allangibson8494
      @allangibson8494 3 년 전

      Het Pandya Kodak have zero experience in making high quality lenses.
      They have a lot of experience in making cheap lenses - a subtle but important distinction when distortion becomes significant (like photographing documents).
      High resolution digital cameras require high quality lenses.
      The increase in camera resolution killed their digital camera line when image sensors got better than cheap photographic film resolution.

  • @nischarya
    @nischarya 3 년 전 +1

    Bring manufacturing home!

  • @matthewweaverworks

    What happened to boot straps?

  • @paranoidhumanoid
    @paranoidhumanoid 3 년 전

    They're learning from FujiFilm which expanded into pharma and a successful anti-photoaging skincare line called Astalift more than a decade ago.

  • @charishraju
    @charishraju 3 년 전

    They are also marketing Kodak branded LED Television sets

  • @MCorpReview
    @MCorpReview 3 년 전 +3

    They already lost everything so they became willing to try anything that might work.

  • @kyounghohan5211
    @kyounghohan5211 3 년 전

    To change something is very difficult. I know.

  • @FinancialShinanigan
    @FinancialShinanigan 3 년 전 +3

    Way to blow it, Kodak.

  • @msductant
    @msductant 3 년 전 +7

    WHO CAME TO THE COMMENTS FOR A KODAK BLACK MENTION LIKE 😂

  • @lanlan9767
    @lanlan9767 3 년 전 +1

    Kodak black is getting into pharmaceutical?

  • @langolier9
    @langolier9 3 년 전 +1

    Man I really should watch more of these and watch less TV

  • @LuchadorMasque
    @LuchadorMasque 3 년 전

    0:00 this is an easy one. Money.

  • @phongdang2874
    @phongdang2874 3 년 전

    There is no foreign competition currently. India stopped exports of generics to other countries to focus on the needs of its people. The same with China.
    Ibuprofen API shortage is still a global problem.

  • @johnl.7754
    @johnl.7754 3 년 전 +4

    Unless there is tariffs or other restrictions on imports then Kodak or other manufacturers will not be able to capture market.

    • @allangibson8494
      @allangibson8494 3 년 전

      Currently the other restrictions are the precursors are simply not available anywhere (or delayed in the mail...).

  • @nickmarchionda4345

    Anything they could do would make them in the positives

  • @gglen2141
    @gglen2141 3 년 전

    FUJI Film did that years ago. It's a logical progression. Ah!! I see that was covered in the clip.

  • @Few_politicians_run_your_life

    But why fuji can make it is the United States? I am sure Kodak can also do it.

  • @Amitdas-gk2it
    @Amitdas-gk2it 3 년 전

    TY 😘

  • @GeNiaaz
    @GeNiaaz 3 년 전

    Lol that eastman Kodak guy could have put his script on screen at the very least

  • @RohitSharda
    @RohitSharda 3 년 전

    Free Kodak

  • @Few_politicians_run_your_life

    Why depend on foreign suppliers when our company can make it.

  • @ajamesarellano
    @ajamesarellano 3 년 전 +1

    Fujifilm am I a joke to you?
    Nah. Fujifilm diversified quickly (from photography to pharmaceuticals, biotech, printing and more) as soon as possible when digital cameras arrived while Kodak (the main inventor of digital camera, refused to use its invention) remain stagnant and don’t know what to do.
    Today 1% of total sales of Fujifilm comes from photography sector.
    If only Kodak didn’t refuse using their invention (digital camera) for sure they will still be relevant till today.

  • @ricnyc2759
    @ricnyc2759 3 년 전 +2

    They are trying everything. Next thing: Kodak tacos!

  • @wolfblitzer1981
    @wolfblitzer1981 3 년 전 +1

    Because no one wants camera film anymore 😂

  • @ytubelord
    @ytubelord 3 년 전 +2

    If they set up a larger manufacturing hub in India, they have a good chance of reviving their business.

  • @Few_politicians_run_your_life

    The reason Kodak didn't shift to full digital long time ago because the owner want employees to have job did you know that? I know because i am in design world. I know a big employee now she is a professor.

  • @teresasmith4145
    @teresasmith4145 3 년 전 +1

    Can you imagine taking pills made by a camera company 🤔 oh no! mr. t owns Kodak 🥴

  • @bksst
    @bksst 3 년 전

    Think about that, currently our meds are produced in countries where labor is cheap and regulations are lackluster... Now think about how expensive these cheap meds are to buy.

  • @hanzz9083
    @hanzz9083 3 년 전 +1

    Kodak went breaking bad

  • @TracksideViews
    @TracksideViews 3 년 전

    Because they stopped selling instant cameras

  • @ralphwiggum250N
    @ralphwiggum250N 3 년 전 +8

    they made bad cameras. so pharmaceuticals is the perfect business for them.

    • @MrHammer2088
      @MrHammer2088 3 년 전

      So they can make bad medicine also... why don't they just close the door and go away- or sell themselves of their assets

  • @Few_politicians_run_your_life

    Who know Kodak might be able to produce a different type of medicine because they have a lot of experience in chemical ( all king of chemical).

  • @snksnd653
    @snksnd653 3 년 전 +1

    Ok... I will not buy Kodak stocks because after seeing chief executive interview, It seems that he doesn't know what he's talking about. And he can't even look at the camera while he's talking

  • @miamisportsculture2879

    For a second I thought they were talking about the rapper Kodak Black 😂😂😂

  • @BlueAndOrange720
    @BlueAndOrange720 3 년 전

    If the API’s are not cheaper then China’s, guess where people who need the materials are going to get them.... Seriously, research just how much all these cost to purchase from other countries. Insane markup.

  • @snacking5908
    @snacking5908 3 년 전 +6

    It say a lot when a president always sees the need to state his innocence so regularly

  • @BP-1988
    @BP-1988 3 년 전

    Does Kodak hold the patent on Hydroxychloroquire?

    • @RK-bj8ho
      @RK-bj8ho 3 년 전

      No its very old drug like 80 years so, on open patent status .... anyone can make

    • @allangibson8494
      @allangibson8494 3 년 전

      Hydroxychloroquine was a 1950s derivation of Chloroquine which was developed in the 1930’s. Both were developed by Bayer in Germany.

  • @ClickLikeAndSubscribe

    So why are drugs so expensive when they are cheaply imported from China??

  • @ZaneT531
    @ZaneT531 3 년 전

    3rd from India

  • @jfitzpatrick6108
    @jfitzpatrick6108 3 년 전

    A long story - stretched to super-length. TLDW

  • @auro1986
    @auro1986 3 년 전

    because you can live without a camera but not without medicine if you are sick

  • @itsallagame2013
    @itsallagame2013 3 년 전 +4

    Tomorrow Carnival will make autoparts and syringes 🙄

  • @FirdausIsmail1
    @FirdausIsmail1 3 년 전

    cuz it makes money?

  • @minhazulislam4682
    @minhazulislam4682 3 년 전

    API

  • @thewanderingrey8830

    They are trying to do what Fujifim do.

  • @teresasmith4145
    @teresasmith4145 3 년 전

    Cause they ain't selling cameras no more 😜

    • @allangibson8494
      @allangibson8494 3 년 전

      Actually they still do sell cameras... (single use ones).

    • @teresasmith4145
      @teresasmith4145 3 년 전

      @@allangibson8494 they sell enough single use cameras to support a big company. 🤔

    • @allangibson8494
      @allangibson8494 3 년 전

      Teresa Smith Kodak are in a LOT of things. Precision chemistry is where the money is. You want high purity reagents, Kodak makes them. The disposable cameras are a sideline now. Kodak stopped making digital cameras about five years ago (they couldn’t compete with China on price).

    • @teresasmith4145
      @teresasmith4145 3 년 전

      @@allangibson8494 Hey Allan, well I'm just letting all kinds of stuff about the Kodak company . Verrrry interesting ! I was just trying to be funny but I love learning too ! Ya know what else Allan, I'm gonna be on America's Got Talent. No I really don't have any talent😁 but I do know how to ride a bike. So what I'm gonna do is ride a bike across the stage and you send me one of those instant cameras and take pictures of Simon 😜🤗. Hey you need to watch "Pee Wee Hermans Greatest Adventure". 😜. Hey your last name isn't Kodak is it ? No disrespect intended 😯

  • @2grand
    @2grand 2 년 전

    Thanks when Oxford and other Mansions turned into apartment housing

  • @earthlove628
    @earthlove628 3 년 전

    Curruption is obviously shameful 😡😡😡😡👎🏼👎🏼👎🏼👎🏼

  • @angelomelville9084
    @angelomelville9084 3 년 전 +6

    Coming soon condoms by Polaroid!

  • @manishkumar-wo2sf
    @manishkumar-wo2sf 3 년 전

    Binod

  • @kbstrong429
    @kbstrong429 3 년 전

    Yeh Why?! Money laundering maybe or embezzlement from taxpayers.

  • @princeataya4167
    @princeataya4167 3 년 전 +4

    Corruption at the highest level

  • @walls2ink
    @walls2ink 3 년 전

    Is this real life?

  • @MrMannyhw
    @MrMannyhw 3 년 전

    Kodak is not bankrupted?

  • @JessyElevated
    @JessyElevated 3 년 전

    🌞

  • @firojthapa4852
    @firojthapa4852 3 년 전

    Good use of crisis

  • @Drybones195
    @Drybones195 3 년 전 +1

    Who else bought Kodak stock before it skyrocketed to $60?

  • @Few_politicians_run_your_life

    Why not invest in American company? It's our country company.

  • @banditcountry3232
    @banditcountry3232 3 년 전

    Free Kodak💤💤💤💤

  • @jung.k
    @jung.k 3 년 전

    So much manipulation its not even funny send that guy to jail.

  • @nopagonivergas1621

    Cause KODAK BLACK give them publicity for xanax & perkys

  • @xlaws7389
    @xlaws7389 3 년 전

    Kodak is like one of those companies that symbolizes the golden age of the United States. Old people like it the most,And the old man likes Trump the most, now you get it?

  • @daniamartinez6513
    @daniamartinez6513 3 년 전

    Si coda te Tira una foto y te Manda El negativo para que te lo comas y te cures.muy ingenioso metodo de ganar dinero cuantos de ese dinero para Trump.

  • @laythwahbeh1385
    @laythwahbeh1385 3 년 전

    They have an industrial plant not designed to produce product for human consumption.
    Upgrading that facility for API would cost them a Millions !
    I cant see how they can be profitable!

  • @fernfractal
    @fernfractal 3 년 전 +1

    is kodak still alive? *scratch head emoji*

  • @bleachtea6900
    @bleachtea6900 3 년 전 +2

    Kodak selling drugs now? Doesn't surprise me.

    • @Julianna.Domina
      @Julianna.Domina 3 년 전

      Who isn't these days, amiright guys?
      *FBI would like to know my location*

    • @allangibson8494
      @allangibson8494 3 년 전

      New American Fishkeeper The FBI likes to know where it’s competition is.... (ditto for firearms retailing).

  • @matthintz9468
    @matthintz9468 3 년 전

    "I knew nothing about it. I had nothing to do with it." My God, Trump has been saying that for so long that he actually believes it every time!

  • @dannyl5995
    @dannyl5995 3 년 전

    Stop with the free loans.