by The vaccine, developed AstraZeneca and Oxford University, was produced by the Serum Institute of India (SII) as Covishield.
The company will begin the withdrawal of the marketing authorisation for the vaccine from Europe.
"According to independent estimates, over 6.5 million lives were saved in the first year of the use alone, and over three billion doses were supplied globally. As multiple variants of Covid19 vaccines have since been developed, there is a surplus of the available updated vaccines. This has led to a decline in the demand for Vaxzervria, which is no longer being manufactured or supplied," it said.
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