Mexico, nearing 500,000 coronavirus cases, to help with vaccine

MEXICO CITY (Reuters) - Mexico, on the cusp of half a million official coronavirus cases and 55,000 deaths as the pandemic rages across Latin America, will help produce a vaccine that could be distributed in the region next year, authorities said on Thursday. President Andres Manuel Lopez Obrador has said the pandemic is losing force in Mexico, though the death toll of 54,666 stands as the world's third highest, behind the United States and Brazil.

Reuters August 14, 2020 06:10:17 IST
Mexico, nearing 500,000 coronavirus cases, to help with vaccine

coronavirus cases, to help with vaccine" src="https://images.firstpost.com/wp-content/uploads/reuters/08-2020/14/2020-08-13T235953Z_1_LYNXNPEG7C1YR_RTROPTP_2_HEALTH-CORONAVIRUS-MEXICO.jpg" alt="Mexico nearing 500000 coronavirus cases to help with vaccine" width="300" height="225" />

MEXICO CITY (Reuters) - Mexico, on the cusp of half a million official coronavirus cases and 55,000 deaths as the pandemic rages across Latin America, will help produce a vaccine that could be distributed in the region next year, authorities said on Thursday.

President Andres Manuel Lopez Obrador has said the pandemic is losing force in Mexico, though the death toll of 54,666 stands as the world's third highest, behind the United States and Brazil.

In partnership with the Mexican and Argentine governments, pharmaceutical company AstraZeneca Plc said it plans to initially produce 150 million doses of a coronavirus vaccine in early 2021 and eventually make at least 400 million for distribution throughout the region.

Lopez Obrador hailed the agreement as "good news" for Mexico and said he expected the country to still be suffering from the pandemic by the time the vaccine goes into production.

Supporting Lopez Obrador's argument that COVID-19 is waning in Mexico, the government's head of epidemiology, Jose Luis Alomia, said on Wednesday that fewer tests were coming back positive.

"It's congruent with the decrease in overall cases we've seen in recent weeks" as some 47% of tests were coming back positive this week, compared to 53% to 54% three to four weeks ago, Alomia said.

(Reporting by Ana Isabel Martinez; Writing by Stefanie Eschenbacher; Editing by Anthony Esposito and Tom Brown)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Oil settles up after hitting 15-month highs on demand prospects
Business

Oil settles up after hitting 15-month highs on demand prospects

By Laura Sanicola NEW YORK (Reuters) - Oil prices settled higher on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output. Brent crude futures for August settled up 93 cents, or 1.3%, to $70.25 a barrel after hitting $71 earlier in the session - its highest intra-day price since March 8. U.S.

Wall St ends little changed; energy gains, health sags
Business

Wall St ends little changed; energy gains, health sags

By Lewis Krauskopf, Shashank Nayar and Medha Singh (Reuters) - Wall Street's main indexes ended little changed on Tuesday, with gains in energy and financial shares countering declines in healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation. The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector

Zoom forecasts upbeat revenue on remote work, e-learning boost
Business

Zoom forecasts upbeat revenue on remote work, e-learning boost

(Reuters) - Zoom Video Communications Inc on Tuesday forecast better-than-expected revenue for the current quarter, after beating quarterly estimates, as the video-conferencing platform expects steady growth from remote work and online learning. Zoom became a household name during the pandemic as businesses and schools switched to its video conferencing platform for virtual classes, office meetings and social catch-ups