Baldiness

Generic Proscar Coming

by Bald Man on April 26th, 2006

In additional hair replacement news, this time with a prescription twist, Mylan was cleared to market Proscar generic:

Generic-pharmaceutical company Mylan Laboratories Inc. said Tuesday the U.S. Food and Drug Administration granted tentative approval for the company’s generic version of Merck & Co.’s Proscar.

Mylan applied to the FDA to market finasteride tablets as a generic version of Proscar, which treats prostate cancer and male-pattern baldness. Mylan cited IMS Health that measured Proscar’s 2005 U.S. sales at $390 million.

Mylan Laboratories shares rose a penny to $22.13 while Merck shares rose 25 cents to $34.05 in morning trading on the New York Stock Exchange.

Proscar is a finasteride treatment for benign prostatic hyperplasia (BPH), a non-cancerous enlargement of the prostate gland. As you likely know, finasteride has the added benefit of regrowing hair.

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POSTED IN: Hair Replacement