Approved by: Eli Lilly Stock Down: Circular Hair Loss Cure Approved in USA | news

The US Food and Drug Administration (FDA) has approved Eli Lilly’s Olumiant. It is the first hair loss drug in the United States to affect the entire body. The condition, which often manifests itself as spotted baldness, affects more than 300,000 people in the United States each year, the FDA said in a statement.

The now approved tablets have been tested for more than six months in two studies involving patients who have lost at least 50 percent of their hair, the FDA wrote. The measure of effectiveness was the number of patients who recovered at least 80 percent of their hair coverage at week 36.

On the NYSE, Eli Lilly shares fell temporarily 1.06 percent to $ 288.19.

/ aae / DP / nas

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