NEW YORK — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared.

“Recent allegations of wrongdoing raise serious concerns,” said the U.S. International Development Finance Corporation in a tweet late Friday. “We will not proceed any further unless these allegations are cleared.”

Kodak, based in Rochester, N.Y., did not comment

Last month, the International Development Finance Corporation signed a letter of intent to potentially give Kodak a $765 million loan to help pay for factory changes needed to make pharmaceutical ingredients in short supply in the U.S.

News of the potential deal sent the company’s stock price surging.

Last week, Democratic Sen. Elizabeth Warren asked the Securities and Exchange Commission to investigate whether insider trading laws had been broken, citing “unusual trading activity” before the deal was announced.

The SEC is now in the early stages of a probe.