Following its recent failure to obtain accelerated approval from the FDA for its prostate cancer drug satraplatin, GPC Biotech AG has responded by cutting 46 positions at its Princeton, N.J., site, which represents approximately 15 percent of its payroll. (BioWorld International)

The FDA gave its nod of approval to Omrix Biopharmaceutical Inc.'s Evithrom, the first standalone human thrombin product approved since 1954 and the only such product with U.S. licensing. (BioWorld Today)