Categories: Business

The Fall of AstraZeneca’s Vaxzevria: What Happened and What Comes Next for the Once-Popular Coronavirus Vaccine

The global demand for AstraZeneca’s Vaxzevria coronavirus vaccine has decreased due to the availability of numerous new vaccines. Despite being widely used globally with over 3 billion doses supplied since its first administration in the UK on January 4, 2021, the company has not generated revenue from the vaccine since April 2023.

The decline in demand for Vaxzevria is attributed to the surplus of updated Covid-19 vaccines that have been developed. As a result, AstraZeneca has made the decision to stop manufacturing and supplying the vaccine. The company has initiated the withdrawal of marketing authorizations for Vaxzevria within Europe, as announced by the European Medicines Agency.

AstraZeneca expressed pride in the role that Vaxzevria played in combating the global pandemic, despite its withdrawal from commercial demand. The situation is still developing and updates will be provided as needed.

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

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