🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

UPDATE 2-Canada doubles Moderna vaccine order, daily COVID-19 cases could top 10,000 by January

Published 2020-12-04, 02:31 p/m
© Reuters.

(Adds Ontario expanding restrictions)

By Julie Gordon

OTTAWA, Dec 4 (Reuters) - Canada has doubled the number of doses of Moderna Inc's MRNA.O COVID-19 vaccine it has on firm order, Procurement Minister Anita Anand said on Friday, while the country's top doctor warned that daily new cases could top 10,000 by January.

"Canada is exercising options for an additional 20 million doses of the Moderna vaccine candidate. This will bring Canada's total allotment of this vaccine to 40 million doses to be delivered in 2021," Anand said at a health briefing.

A regulatory review of the Moderna vaccine is ongoing. Canadian health authorities are expected to approve Pfizer Inc (NYSE:PFE)'s PFE.N competing vaccine candidate within the next week. The country has signed supply deals with seven manufacturers. reported 6,495 new cases of COVID-19 on Thursday, as infections surge across the country. Ontario, one of the worst-hit provinces, tightened restrictions in three areas on Friday, but did not expand lockdowns.

"If we stay on the same trajectory, we could reach 10,000 cases daily by January," Canada's chief public health officer, Theresa Tam, said, edging back earlier estimates that Canada would hit that landmark by mid-December.

Officials warned that Canadians will need to remain vigilant to slow the spread of the virus, even as vaccines begin to be rolled out. Canada is readying a plan to distribute the first six million doses of the Pfizer and Moderna vaccines in early 2021. said she is hopeful Canada will start getting vaccine shipments as soon as January and downplayed comments by Alberta Premier Jason Kenney, who earlier this week said his province had been assured shipments would start arriving by Jan. 4.

"We are working with a timeframe ... of Q1 2021," she said. "We are very hopeful it will be within the January timeframe," she added.

Anand also said FedEx Corp (NYSE:FDX) FDX.N and Innomar Strategies, a Canada-based division of AmerisourceBergen (NYSE:ABC) ABC.N , had been contracted by the federal government to provide logistical support on vaccine delivery.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.