AstraZeneca said the agreement covers an initial production of 150 million doses for the region, with the possibility of increasing to 400 million doses. Production will be paid for by Mexican mogul Carlos Slim, once the world's richest man.
President Andres Manuel Lopez Obrador said the agreement with pharmaceutical company AstraZeneca, which also provides for production in Argentina, should result in a vaccine that the government would provide free starting in the first quarter of 2021!
Mexico already has agreements with four vaccine projects to carry out Phase III trials in the country, but this is the first production agreement.
The vaccine, being developed in collaboration with the University of Oxford, is one of the most promising of dozens that researchers around the world are racing to prove safe and efficient.
To read more about this historic agreement click here and more about the Oxford vaccine click video.