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flag Pelage Pharmaceuticals advances its topical hair loss drug PP405 to phase 3 trials after positive phase 2a results.

flag Pelage Pharmaceuticals is advancing its topical treatment PP405, a first-in-class therapy for pattern hair loss, into phase 3 trials after positive phase 2a results showed safety and meaningful hair growth improvement. flag The therapy targets dormant hair follicle stem cells via a metabolic switch, differing from current treatments that only slow hair loss. flag Backed by $120 million in Series B funding, the company plans to expand testing to larger populations and other forms of hair loss. flag The global antisense oligonucleotide market reached $2.5 billion in 2025, with growing use in oncology, though delivery challenges and toxicity remain hurdles.

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