AstraZeneca Is Withdrawing Its Covid Vaccine Worldwide, Citing Low Demand [The New York Times]
AstraZeneca PLC - American Depositary Shares (AZN)
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Source: The New York Times
AstraZeneca has started to pull its Covid-19 vaccine from global markets because of low demand, the pharmaceutical giant said. The decision closes the chapter on a shot that was widely used in the early stages of vaccination drives in many parts of the world before being supplanted by rivals that were better suited to take on an evolving virus.The move was not related to any concerns about the shot’s side effects, the company said.Since the vaccine was approved in Britain in December 2020, over three billion doses have been supplied globally. But in the past few years, demand has plummeted as other manufacturers have released shots tailored to newer variants and countries have opted to use those. AstraZeneca’s shot, which was developed with Oxford University, is no longer being manufactured or supplied.The company said it had decided to voluntarily withdraw all licenses to market its Covid vaccine. That process began months ago, and very few active licenses remain, the company said. T
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