Bafna Pharmaceuticals is set to buy haemoglobin drug Raricap from Johnson & Johnson for 210 mln rupees, two sources with the direct knowledge of the deal said on Monday, pushing its shares up more than 6 percent.
Bafna Pharmaceuticals plans to sell Raricap drug globally, the sources told Reuters.
Yesterday the index closed at 5133.9 points, a gain of 21 percent since July. Prior to this quarter the FTSE 100's best three months had been in the first three months of 1987, when it rose by 19 percent. The index began in 1984.
The company had been struggling due to the shift to digital photography and the wider economic crisis. Over the previous two years it had cut its head office staff by 250, and was in a huge amount of debt.
The statement came during an interview with the BBC. Darling said that the origin of the crisis was with the banks, who were buying and selling products "that they didn't understand." He agreed with Lord Turner, Head of the Financial Services Authority, that the crisis was "cooked up in trading rooms."
High street fashion retailer Next has reported "better than expected" sales in the first half of the year. Citing a "slight improvement" in the consumer environment, as well as good weather conditions, Next reported that its like-for-like sales had fallen only by 1.2 percent while total sales rose by 2 percent over the same period.
The FTSE 100 Index fell 0.97, or less than 0.1 percent, to 4,907.93 as of 8:41 a.m. in London, while the FTSE All-Share Index dropped 0.1 percent.
The FTSE 100 Index of leading firms rose more than 50 points at one point, breaking through the 4900 barrier and ended the Monday up 43 points at 4896, its highest since October last year.
Last week, the FTSE ended up 2 percent in a period of almost continuous growth since mid July and the biggest July-August rally since it was created in 1984.
By Rebekah CurtisBy 9:04 a.m., the FTSE 100 was down 7.52 points, or 0.2 percent, at 4,201.49 points.
By Simon FalushThe FTSE 100 closed down 31.52 points at 4,059.88 points, bringing the losses for the month to 8.4 percent after it fell over 30 percent last year.
The UK blue chip index closed 59.53 points, or 1.4 percent lower on Thursday at 4,121.11, the seventh straight session of losses.
