Cosmo Pharmaceuticals announced topline results from two identical phase 3 trials, SCALP 1 and SCALP 2, in December 2025. Together they enrolled 1,465 men with androgenetic alopecia across sites in the United States and Europe, randomised to clascoterone 5% solution or vehicle (the same solution without the drug) for six months, with target-area hair count as the primary endpoint. Both trials met that endpoint. The company's release, as reported by the financial press and trade outlets, gave relative improvements over vehicle of about 539% in one trial and about 168% in the other; the share price rose more than 20% on the day. Sources: Investing.com, December 2025; trade summary of the release, checked October 28, 2026.
In April 2026 the company reported twelve-month data: men who continued clascoterone kept gaining hair between months six and twelve, while men switched to vehicle at month six gained markedly less, reported as a roughly 2.4-fold difference. Cosmo stated in mid-2026 that the phase 3 programme was complete and that regulatory preparation was under way, with a US filing planned for early 2027 and a European application in parallel. Source: 12-month data as reported, April 2026, checked October 28, 2026.
Reading the numbers
Three things about these results deserve a plain statement. First, they are the sponsor's announcements, not peer-reviewed papers; the primary publications had not appeared when we checked, and until they do the absolute hair counts, the dropout rates and the full adverse-event tables are not public. Second, "relative improvement over vehicle" is a ratio of two changes, and when the vehicle group's change is small the ratio can be large even when the absolute gain is modest; a 539% figure tells you the drug beat the placebo, not that hair count rose fivefold. Third, six months is the minimum for a hair-count trial and twelve months is the point at which the comparators are usually judged, so the April 2026 data is the more meaningful of the two.
| Question | What the sponsor reported | What is still unknown |
| Did it beat placebo at 6 months? | Yes, in both trials, on target-area hair count | Absolute hair-count gains; investigator and patient assessments |
| Does the effect continue? | Yes through 12 months for men who stayed on it | Beyond 12 months; what happens on stopping |
| How does it compare with finasteride or minoxidil? | Not tested head to head | Everything; no comparative trial exists |
| Is it safe? | Company describes the safety profile as supportive | Full adverse-event data; long-term hormonal effects at the scalp |
| When can I buy it? | US filing planned early 2027 | Whether the FDA approves it, and when |