close
Choose your channels

AstraZeneca Pulls COVID-19 Vaccine from Global Market Amid Oversupply Concerns

Wednesday, May 8, 2024 • Tamil Comments
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com

AstraZeneca declared on Tuesday that it would be discontinuing its COVID-19 vaccine worldwide, citing an excess of modern vaccinations in the face of the ongoing epidemic. The pharmaceutical company further disclosed intentions to withdraw the marketing licenses for its Vaxzevria vaccine throughout Europe.

Noting a decline in demand for Vaxzevria, which is no longer in manufacturing or distribution, the company said, "There is now an excess supply with the availability of multiple updated COVID-19 vaccines."

AstraZeneca has reportedly already admitted in court documents that the vaccination can have adverse effects including low blood platelet counts and blood clotting. The Telegraph reports that the corporation filed their withdrawal application on March 5 and that it went into effect on May 7.

Last year, after COVID-19 pharmaceutical sales fell, London-listed AstraZeneca broadened its focus by making a number of acquisitions to enter the fields of obesity medications and respiratory syncytial virus vaccinations.

Follow us on Google News and stay updated with the latest!   

Comments

Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
settings
Login to post comment
Cancel
Comment