As many as 11 patients, who were on ventilator support, died due to low pressure in medical oxygen supply at Ruia Government Hospital in Tirupati on Monday, Chittoor District Collector M Harinarayan.

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has ordered an inquiry into the matter.

US pharma giant Eli Lilly has issued royalty-free, non-exclusive voluntary licences to three Indian drug makers – Cipla, Sun Pharmaceuticals and Lupin – to manufacture and distribute Baricitinib, which is being used to treat Covid-19.

Earlier, Gilead too had signed non-exclusive voluntary licensing agreements with Indian pharmaceutical companies to expand the production of Remdesivir, a widely used anti-Covid drug.

Apple Inc is facing a London lawsuit over claims it overcharged nearly 20 million U.K. customers for App Store purchases, yet another legal headache for the tech giant fighting lawsuits across the world.

Apple’s 30% standard fee is excessive and unlawful the claimants said in a press release Tuesday. The claim, filed at London’s Competition Appeal Tribunal on Monday, calls for the U.S. firm to compensate U.K. iPhone and iPad users for years of alleged overcharging.

In an important development, the US Food and Drug Administration (FDA) on Monday (May 10) authorised the emergency use of Pfizer-BioNTech Covid-19 vaccine in adolescents aged 12-15 for the prevention of the COVID-19 infection.

The FDA has determined that Pfizer-BioNTech Covid-19 Vaccine has met the statutory criteria to amend the emergency use authorization (EUA) and that the known and potential benefits of this vaccine in individuals 12 years of age and older outweigh the known and potential risks, FDA said in a news released posted on its website on Monday, Xinhua reported.

In a good news for lakhs of savings account holders of State Bank of India, they can change the SBI Bank Branch work online from their home using the Online Banking services of the bank. The launch of the service means that SBI customers do not need to go to the branch for doing this work.

The SBI has taken this decision due to COVID-19 outbreak.

Nepali Prime Minister KP Sharma Oli lost a confidence vote in parliament on Monday (May 10), the speaker said, pitching the country into political turmoil at a time when it is battling a major second wave of coronavirus infections.

Oli's moderate communist party split from former Maoist rebels in March after differences cropped up over its power-sharing deal, wiping out their governing majority. Political parties will now try to cobble together a new ruling coalition.

Drug major Cipla on Monday said it has inked a pact with US-based Eli Lilly and Company to manufacture and produce baricitinib in the country for the treatment of COVID-19.

The Mumbai-based company said it has signed a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly for baricitinib.

Shares of Hindustan Copper (HCL) hit an over eight-year high and were locked in the upper circuit of 10 per cent at Rs 189.20 on the BSE in Monday's session on expectations of improved demand outlook. The stock of the state-owned copper company has rallied 25 per cent in the past three trading days. It was quoting at its highest level since November 2012.

Till 10:28 am, a combined 4.84 million equity shares had changed hands on the counter and there were pending buy orders for 1.6 million shares on the NSE and BSE.

Shares of pharmaceutical companies were on a roll at the bourses on Monday, with the Nifty Pharma index hitting an all-time high of 14,172, after rising 3 per cent on the National Stock Exchange (NSE) on the back of strong rally in stocks like Sun Pharmaceutical Industries, Torrent Pharma, Alkem Laboratories, Divis Laboratories, Lupin and Dr Reddys Laboratories. The pharma index surpassed its previous high of 14,020.70, touched in intra-day trade on April 7, 2015.

Bharat Biotech has commenced direct supply of its COVID-19 vaccine 'Covaxin' to 14 states, including Delhi and Maharashtra, with effect from May 1, according to the company's Joint Managing Director Suchitra Ella.

The Hyderabad-based firm has started supplying its COVID-19 treatment vaccine to the states based on the allocations received by the central government.

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