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Published: April 2025

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After discovering this, I wondered why the businesses just do not possess another medical study. That way they know for sure, and be given the option to this in their advertising. After researching this, I believe the answer is simply personal savings. In 2005, over $25 billion was invested in clinical demos. On average, businesses spend between $100 and $800 million for each new drug candidate. In 2006, sales of Rogaine (the largest name associated with minoxidil) was only $31 million. Let’s say Rogaine has a stunning 33% profit margin (they probably don’t), and their profit was about $10 million that entire year. At the lowest estimate on a clinical trial, it would take 10 years to obtain that money before. Economically, it just doesn’t work.

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