New Fundraising for Hair-Raising: Follica Takes in $11 Million for Baldness-Treatment Approach

If only hair could grow as fast as Follica’s pot of money. Just seven months after its $5.5 million Series A financing round, the Boston-based startup today announced it has raised an additional $11 million to bolster its efforts to develop new methods of treating male- and female-pattern baldness and other hair-follicle disorders such as excessive hair growth and acne. Follica, which confirmed a human pilot study of its hair-regeneration technique is underway, also added several new team members, including veteran life sciences and biotech executive G. Kirk Raab, former CEO of Genentech, who joined the company’s board as chairman.

The Series B round was led by Polaris Venture Partners of Waltham, MA (Polaris partner Kevin Bitterman also took a seat on the board), and joined by existing investors Interwest Partners of Dallas and Menlo Park, CA, (which led the Series A round); and founding investor PureTech Ventures, in whose offices Follica is headquartered.

Follica’s main initial focus is developing a treatment for the extremely common form of hair loss called androgenic alopecia—better known as male pattern baldness or female pattern baldness. “This financing will enable us to build out the company and move well down the path towards [regulatory] approval,” says Daphne Zohar, managing director of PureTech Ventures (and an Xconomist). “Our research has been progressing in a very positive way. We have had significant interest from the venture community and while we just closed the Series A round a few months ago, and weren’t planning on bringing in more money for a couple of years, we recognize that additional funds enable us to move more quickly. We have worked with Polaris before and they have been a great partner to us which is why we accelerated the Series B round.” Zohar added that Follica is in the process of transitioning to its own office space, and that it already has independent lab space.

My story about Follica’s debut last January and its quest for a baldness cure sparked a long-running (440 comments and counting as of this writing) conversation among the startup’s would-be customers that’s still quite lively all these months later. This highlights the intense interest in—and vast potential market for—an effective treatment for hair loss. Follica, for its part, claims treatments for conditions of the follicle represent a $10 billion-plus annual market. As Zohar said of the general field of aesthetic medicine back in January: “There’s huge markets, and most of the technologies and things that are out there don’t come from real academic science. A lot of them are this late-night infomercial type of thing.”

Aiming to inject some credible science into the field, Follica was formed in late 2006 by PureTech and a roster of leading researchers that includes University of Pennsylvania stem cell biologist George Cotsarelis, Harvard Medical School dermatologist Rox Anderson, and Vera Price, director of the University of California, San Francisco (UCSF) Hair Research Center. As part of today’s announcement, Follica said it has bolstered this scientific firepower with the addition to its scientific advisory board of Samir Mitragotri, an expert in transdermal drug delivery at the University of California, Santa Barbara.

At the root of Follica’s approach to hair loss is Cotsarelis’s discovery (made after the company was formed) that when the skin’s uppermost layers are removed some cells within the wound revert to a more basic state from which they can develop into either skin or hair—and that he could actually direct cells in this “embryonic window” to form new … Next Page »

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  • Hi Guys

    Just a thought! Has anyone ever tried follicle tattoe. Here in the UK there is a cosmetic scalp tattoist who himself struggled with hair loss for years but now shaves his head and has an illusion of hair follicles, which by the way looks fantastic. You would never be able to tell that you have had anything done to your scalp because it is done perfectly to your follicle size and colour.

    You will be amazed at the results and it could be a good option until a cure is available.

    Good luck

  • R

    The pictures and announcement is great but the overall coverage and determination is still early. We need to see a 1 year application and growth period to see significant growth or something that resembles a great product. So far the results are questionable and we cannot assume anything until more data and better results surface.

    In a nut shell…The coverage and density supports longer and thicker hair in the inerim but not too much “new growth.” I say we wait until a final year to assume this is viable at this time. The pictures don’t impress me as much as the persistent attack at solving this mess. Talk to you later!

  • AA

    R, you are a very strange little creature.

  • KKwilliams

    I completely agree with R,s latest post.

    YES its great that things are moving along on many fronts but these pics dont send waves of relief over me either. Its 15-20% and I really only see lengthened hair and increased thickness.

    Things are improving though so 5 -10 years I hope!!! ALL the guys fooling themselves with this insane 1-2 years is a real possibility are only going to disappoint themselves.

  • JS

    A poster on Hairsite posted this about Histogen today i thought you guys might find interesting.

    “I have direct info from them, and I was told that they had 24 subjects, allof which experienced improvement in hair follicles, as well as new hair growth. To which outside experts say is unheard of, and 2/24 would have been considered good news. Especially since it was a 1mg? injection, and only to test safety. It can only get better from here in phase II. As well, think of this, has any of the other companies experienced these kind of results in Phase I?None of them, so I think they have the greatest progress and results as of yet. As well, they have other cosmetic products ready to go to market so they can bring cash in to support their research. They do need funding though in these tough economic times where creditors are being tight. So if you want to invest, with potential gain, as well as in something that has a direct impact to your own well being. Contact them now, seriously.”

    Sounds promising to me, At least we are seeing some movement from them.

  • r1ch

    We will have to wait until phase II to know, but to be fair to histogen they are been very open with the results which is a nice change and makes me wonder about follicas results and their slow progress even into phase I?

    I would like to see a study which combines propecia, minoxidil and one of these new treatments, surley that would massivley increase the potential of new hair follicles to grow?

    obviously in a trial you need to have them using only the new treatment as proof of concept been i would love to see a side group getting the full shhhhubang and comparing results

    Also, this would make a killing if its effects on thickening the follicles was permanent, it would make it almost be like a hairloss vaccine… although im hoping its more of a cure because if it was like that who would want to find a cure, we would be the last generation of baldiesss

  • r1ch

    ps whats going on with anderens?

  • Deluxe
  • Deluxe

    I dont think people truly understand the type of impact hairloss has. It is not only for aesthetic reasons, but way beyond that. The emotions you go through could make one feel less confident, depressed, insecure, etc. I am trying my best to live. If others who have the means to donate could realize that it is not only about looks, we could truly have something. what do you guys think?

  • OS

    Its about looks that effects your feelings, ie looking UGLY makes you feel BAD! becaue girls wont go near you! with hair it is much easier to be accepted, whe your bald (the younger you get there the worst it is!!) people looks at you deiifrently, and dont htink you do me any favors if you counter what i say, this is true becuase im there myself i can tell how pople used to look at me and how they do now, and it sux! i hope some rich basterd will go throw blading at 20 and think to premote a cure or something, i know i would if i could! >,<

  • J

    I think Follica will still be the first to come out w a viable treatment…and in the near future…the within 4-5yrs thing is just to calm us down…I give it about 3yrs!!

  • A

    You guys are messed this is phase one to test for safety. My god they got 15 – 20% regrowth in some cases with minimul doses to test for safety. Lets wait and see what happens when that dosage is doubled or tripled 20% may become 50 – 60% OR Even more. You guys are the worst when it comes to this and ill say this agin if you cant see the increase in hair count and thickness there is seriously something wrong with your eyes.

  • KKwilliams


    relax man.

    Everyone is being hopeful. anything more at this time is pointless. Why get our hopes so high right now, so early on in. What if 10x the dose does nothing more.

    Lets just wait and see. We have had other promising things blow up.

    Obviously good news and we are making progress from many angles. Hopefully we will all be able to live normal lives within 5 years :)

  • D

    If this thing doesn’t become commercially available by 2010-2011 then I probably won’t care anymore. It is in my humble opinion that we’ll have much bigger fish to fry gentlemen. 2012 after all has been noted as the beginning of the end of times. Funny how since the beginning of civilization, Man has been in search of the cure for hair loss and it is not until the very end of civilization when we’ve finally found the cure…I guess bald people were meant to remain bald? (my bad if I’m being overly pessimistic and/or making no sense ..just a lil buzzed at the moment)

  • TheOne

    15-20% increase in 12 weeks after a single injection is pretty impresive in my eyes, hopefully things will improve more in the future.

    It is highly unlikely that anything will be comercially available next year or the year after.
    Follica are not secretly planning on coming to market soon and secretly giving longer timelines just to calm us down.
    Things have to be tested and proved to work on humans.
    Follica will take a simmilar amount of time as histogen are predicting.

    Also if the world ends in 2012 I will eat my hat :-p
    How many times before have we been told the world will end soon?

  • toppedout

    I heard that if you had a transplant the new cure might not work,could anyone tell me whether this true or not

  • OS

    How could you hear such thing?!?! the cure is not even out yet…:| we need to stop feed on rumors!! ><

  • topped

    I heard a rumor that transplants disrupt the hair cycle and because of that a person with transplants wouldn’t be a good canditate for the cure they are working on.

  • toppedout

    having a transplant interupts the hair cycle,therefore I heard the cure the are working on may not work on someone that has had transplants

  • R

    Present the data to show such bullsh$t. No scientist or any other person with any real credentials can make a claim that is ridiculous. I had HT’s and now new hair that were dormant for 20 years is coming back with an agressive natural approach including areas around the HT’s.

    The only thing that has happend is that some of the area (follicle) spaces may have been lost while the HT’s wwre placed on the existing sleeping area. Remeber people that Strong anti-inflammatory’s have restored peoples hairs that were lost for over 40 years. Secondly, People with auto accidents were scalped and grew full heads of hair. Referencing logic without evidence is bull and needs to be presented to hairsite.

    Also…Why would Follica’s technique work if any disruption would cause follicles to die? The whole premise is wacked. If they can restore hair and I am able to regrwo hair in the HT area after twenty years of sleeping, then such logic does not make sense. Think about what you are saying before posting such nonsense.

    The technique is similar to Follicas and the said enterprise is disrupting the surface (HT’s are superficial and not to deep and many hairs grow after HT’s around the area as they are stimulated by the procedure) this is documented to happen.

    So please no more psycho babble nonsense!

  • R

    Here the natural way to tackle this stuff. It is working for me and filling in areas that were balding for 20 years.

  • KKwilliams

    WOW DOWN BOY (R) :)

    He was just askin a question. I do agree with your reply but sometimes guys just need to ask questions


  • James
  • R

    The problem underlies others trying to provoke nonsense to segregate one community of hair suffers from another. If the growth and cycle was disrupted as stated then any new approach will never work. This is due to the fact that every attempt including the science behind the new developments would alter the recipient area and create and new platform for growth. This in turn changes the growth cycle and enviornment for the new hair to grow. The current environment has hair located in the area and yes the hair is alive but just sleeping. The hair does not die in four years that some would have you believe. Fuchs substantiated that reasoning. That is why people who have been balding for over 40 years grow hair with sttrong anti-inflammatory’s.

    Please review the logic then post. The only concern that we need to know is when and how much and what women can the bald community now add to their list of suiters. :o)

  • artista

    i agree with what Deluxe had said recently. why is it commonly acceptable that ONLY women CAN be emotionally devastated if they lost most or all of their hair but not men?

  • ZZ


    Great find. That is a very exciting article……a lot of legitimate scientists, a lot of different companies and angles, and a lot of passion and drive, either for personal or financial reasons, to be the first to market.

  • toppedout

    I posted the question R because I wanted to know was it true because I was thinking about HT

  • Seaborn

    Just noticed this on Histogen’s Investor site. Thought it was note worthy.

    “With successful Phase I and Phase II trials for hair growth, it is believed that the Company will have the ability to do an IPO within the next 5-7 years. Histogen started a 24 patient hair safety study in Q4 2008. Positive results will allow the company the potential to do an IPO (offering of equity shares of a company) earlier, within 2-3 years.”

  • artista

    hey R, when you said.>>’ The hair does not die in four years that some would have you believe. Fuchs substantiated that reasoning. That is why people who have been balding for over 40 years grow hair with strong anti-inflammatory’s.<< Where do you get this information and is it substantiated information? I hope so because all the doctors that i have ever heard on the topic of male PB, state infatically that the hair follicles will NEVER grow hair again. Where did you get your info? Why hasnt there been breaking news of this?

  • KKwilliams


    R, is correct. The old school thinking that once a follicle is dead u can never reproduce a hair was just popular beleif although i think like 40 years ago someone disproved it(no one followed it up)

    But now follica has just brought the truth to light. new hair follicles can be formed. we are not just stuck with the 100,000 we are born with.

    now all that is needed is to discover how to turn the mechanism back on. follica and histogen are making headway..but 5-10 years is still the timeline if they can figure it out.

  • R

    The (MPB) Follicle Doesn’t Die:

    “The good biological news is that in the most common types of thinning, hair follicles don’t die. In classic male- and female-pattern hair loss (androgenetic alopecia), for instance, follicles become miniaturized and their growing phase abbreviated; they then produce extremely short, fine hairs. ‘Even guys who are bald still have little hairs on the top of their head,’ explains Bruce. A Morgan of Harvard’s Cutaneous Biology Research Center.” (MS) p. 76

    “Hair thinning generally happens not because follicles disappear, but because the ratio of follicles in the growing and non-growing phases shifts unfavorably. Also, many follicles in balding people shrink progressively, ultimately producing only small, colorless hairs.” p. 74

    “Baldness often arises not because follicles die but because they shrink and malfunction. Drugs that manipulate Wnts or other regulatory proteins might one day protect threatened follicles and prod shrunken ones into producing hair normally again.” p. 72

    “Last year Ronald G. Crystal of Weill Medical College of Cornell University found that when hair follicles in adult mice are induced to make the protein during the resting, telogen stage, the follicles shift prematurely into the hair-producing, anagen stage. Thus, sonic hedgehog can stimulate dormant follicles to begin producing hair.” p. 79

    “As researchers become more sophisticated in their knowledge of the molecular interactions underlying hair growth, they can begin animal testing of compounds that might restore order to deranged regulatory pathways and revive dormant follicles.” p. 79

    Research Highlights:

    “To trace the molecular controls over any given process, scientists first need to know the basic outlines of the process itself. By 1995 microscopists and others had developed a good sketch of the incredible steps that lead to the formation of hair follicles in the developing embryo. They had also described the hair cycle — the periodic phases during which follicles produce or stop producing hair; follicles undergo this cycle repeatedly in a lifetime.” p. 72

    “Anagen follows telogen. Early on some of the stem cells from the bulge divide and travel down along the basement membrane to become matrix or outer root sheath cells. Once formed, the matrix cells proliferate and ultimately give rise to the hair cells and the inner root sheath, repeating the steps that occur during the embryonic development. This repetition implies that the events of anagen are probably controlled by a number of the same signaling molecules that operate during development.” p. 74

    “As is true during follicle development in the embryo, during the anagen signals from the dermal papilla instruct the matrix cells to divide and subsequently differentiate into hair cells. For this reason, scientists have become very interested in uncovering the nature of the signals issued by the dermal papilla during development and cycling. They don’t have the answer yet, but in the past few years Elaine Fuchs and her colleagues at the University of Chicago have discovered that the dermal papilla’s signals probably convey their directives largely by activating still other signaling molecules — members of the Wnt family of proteins. Wnt proteins have long been recognized as key regulators of varied developmental processes in mammals and other organisms.” p. 74-75

    “Fuchs began her search for the molecules that dictate the conversion of matrix cells to hair cells by trying to identify the molecules in the nucleus that switch on the hair keratin genes. In 1995 her group discovered that a regulatory protein called lymphocyte enhancer factor 1 (LEF1) participated in activating the hair keratin genes. It was also present during hair follicle formation in the embryo, where it appeared in the earliest clusters of ectoderm cells as well as in the cells destined to form the dermal papilla.” p. 75

    “…without LEF1, mice fail to make a furry coat. And when Fuchs’s team engineered mice that produced excess LEF1 in the skin, the animals produced more hair follicles than normal.” p. 75 (you’ve all read that online article, I’m sure — — Trey)

    “LEF1 cannot activate genes on its own; rather it must first couple with a second protein, beta-catenin. The only mechanism known to trigger this coupling was the activation of the signaling cascade that begins with the binding of a Wnt molecule to the cell surface. Beta-catenin normally helps to form junctions with neighboring cells. In the absence of Wnt signaling, an enzyme inside the cells marks any unused beta catenin for destruction. Wnts instruct cells to handcuff that enzyme. With the enzyme out of commission, beta-catenin becomes free to accumulate and to pair with LEF1 or one of its relatives.” p. 75

    “Those experiments implied that Wnt is the mesoderm-issued signal that instructs the overlying ectoderm to begin forming an appendage and is likewise the ectodermal signal that tells the underlying mesoderm to form the dermal papilla. What is more, much later in development, after follicles have formed, Wnt appears to be the message that directs matrix cells above the dermal papilla to differentiate into hair cells.” p. 76

    “As adults, these rodents [mentioned earlier — Trey] acquired an unusually lush coat by forming new follicles between the ones that were laid down during the embryonic development… As the furry rodents aged, they acquired benign lumps that resembled a common human scalp tumor called pilomatricoma. Fuchs’s laboratory subsequently demonstrated that in humans these tumors arise when a mutation in the beta-catenin gene prevents the protein’s breakdown.” p. 77

    “Wnts are major regulators of follicle development and cycling but…simply delivering Wnts by constant application would not be feasible as a human therapy, because of the tumor risk. The trick to correcting hair maladies, Fuchs contends, may be to deliver Wnts in a pattern that mimics nature better or to manipulate other steps in the Wnt signaling cascade.” p. 78

    [If other tests go well…] “…human scalp skin can be transplanted onto mice incapable of rejecting it to determine whether human and mouse follicles respond comparably to the agents. And if those results are good, investigators may attempt human trials of the most promising drug candidates.” p. 79

    The Outlook:

    “‘We don’t have a product yet that’s going to be ‘wow!’ for over 50 percent of people she [Marty Sawaya] notes. I do think dutasteride will be that product if the company goes forward.’…GlaxoSmithKline may choose to pursue it first as a prostate drug, as happened with finasteride.” p. 77 (MS)

    “Scientists are on the prowl for new drugs all the time….Michael Detmar discovered earlier this year that abundant amounts of a growth factor that increases the blood supply make mice grow hair faster and thicker. Now…the hunt is on for small molecules that will either mimic or activate the factor.” p. 77 (MS)

    “A fundamental understanding of hair biology may someday let physicians replace a defective gene in hair follicles through gene therapy or grow hairs in a petri dish for use in graft surgery. ‘The complexity of the question is like understanding how a limb forms. It’s ambitious. But we are discovering a lot and discovering a lot quickly,’ muses Kurt S. Stenn, chief scientific officer of Juvenir Biosciences, a company recently spun off from Johnson & Johnson to focus predominantly on hair research. ‘This is a wonderful time to be working in hair biology. So many breakthroughs are coming.'” p. 77 (MS)

    “No one can predict how soon dermatologists and pharmaceutical companies will be able to produce new therapies built on the discoveries emerging from basic research into hair follicle development and cycling. But that research is progressing remarkably fast. If the pace continues, Fuchs predicts, much of the information that is needed to understand the complex controls on hair manufacture will probably be in hand within the next five years.” p. 79

    Fuchs is the fourth scientist that I’m aware of who has mentioned a five year time frame (Gho [HM], Christiano [gene therapy], and Daly [stem cell] being the other three). Let’s hope at least ONE of them is right. Also Kurt Stenn, mentioned above, was the man in charge of that site that we found that’s looking for the MPB gene(s)

  • bill123

    not good guys. trc might be dead, unless they merge.

  • bill123

    there proto hair technology really looked promising :(

  • bill123

    their proto hair technology really looked promising :(

  • Metsie

    Not sure what to make of the Histrogen results. Phase I showed thicker hairs and 20% new hairs.
    My question is, my understanding is that 50%+ would be the magic # because that would be the “appearance’ of a full head. After that you get the “Balding” stamp placed right on your forehead.
    Is 20% a victory because of in theory and practice the stem cell idea workded and its only phase 1?
    Or are they not showing their true results, playing possum to throw off follica? Private corps have to luxury of doing that.

  • will

    i think they proved that there will be a cure, i also think a lot of these hair transplant doctors know this. They are willing to do large graft sessions on younger patients. Histogen product is doing that well in just the safety trial damn

  • R

    Intercytex is affliated with Bosely and that is why I and many others never considered them anything more than a maybe. They are leaving probably due to the government sponsering for finding pathways and innovative tissue science for the government. And or they realized that the Histogen and Follica technique is far better.

    Metsie…..20% is good and onbly after 12 weeks which a full cycle of hair in any area requires 12 -15 months. far we wait but the preliminary results are making them excited enough to pursue the project further. Again Intercytex is Bosley in disquised and I will say avoid Bosley “The Butchers” for life.

    Relax and start taken natural supplements in the meantime. I posted the site above MPB.

  • will

    im confused is what histogen came up with a topical solution like midoxil just works better or do the apply also a bit of follica’s method can someone explain to me what histogen is doing

  • R

    The histogen method is advanced and utilizes key signaling pathways, antioxydents, and other natural pathways shown to influence both the regenration of new follicles and the awakening of sleepers. The same premise but with a little twist to support trade rights than Follica. You are seeing and new platform from which all future hair studies will benchmark and evolve from compared to the old ways of yesteryear. This is why it is not a coincidence that Intercytex and ACJ etc.. are backing away as they relied on old habits and subpar practices aimed at money more so than innovation.

    The bottom line is if you take care of the science, the people and the desired end-result, you create a unique and unified platform from which true practioners must complete. We are witnessing a different arena in the hair science culture that demands others to go across the grwin of innovation in order to succeed beyond the norms of half-ass practioners.

    Give the Histogen study 1. 5 years and you should see much more growth as hair requires this time frame to development and cycle. This pertains to the natural course as well. Follica should have something around that time frame and both are still on target for 4-6 years. But is everything works better than expected with the current safety profile..we should something sooner. I was also told by Max life that they are working a stem cell like approach to regrow hair and will provide news in one year. Please start the natural approach and keep calm as news and an end is coming. Remember..look at past posts and Intercytex was recognized as a maybe so don’t get discouraged..hell by selling the trade secrets and business..soemone new may solve their delimma.

  • Seaborn

    Bad news for Histogen today.

    Withdrawal of investors, lawsuit hit Histogen hard:

    Although I do find this a little promising.

    “Basically we have 19 to 20 people working as if nothing happened because they believe in the product and the company. They don’t want to shut down the experiments they are running,”

    The employees must really think this treatment will pay out.

  • R

    Remember…solving this will bancrupt thousands of sh*% products and inefficient practioners. There is more behind the stopppage and the investors that have left will regret their decision. Today, we are seeing people with promising products defy adversity and work to continue forward. I wish we had the money and we should contact Naughton to secure a donation form people at hairloss sites.

    I am very busy but will donate if someone will start a fundraiser that has the money go directly to Histogen and not a third party to ensure they receive 100% of the funds. Check with the other hair sites and contact Naughton.

  • will

    i cant believe the employees are still working there haha they know its looking good this is actually great news and ofcourse these companies will lay down the lawsuits they are afraid of this company

  • Artista

    What is everybody’s GUT feeling about the latest developments based upon these recent reports on Histogen and Follica? Of course all we can really do is specualate at this point but ,really how is everyone feeling on this? i hate the standard term used..’in 5-10 years from now..’ Is there any FACTUAL data that shows REAL promise? Especially with Follica?

  • r1ch
  • r1ch

    Artista have a look at the histogen phase 1 results… FACTUAL data which shows REAL promise using the same pathways that follica are trying to stimulate

    and the 5-10 years because thats how long it takes to get products through clinical trials and onto the market

  • Happy1

    Keep in mind, EVERYONE is guessing here. Myself included.
    Even the information posted by Histrogen may be suspect.
    While I sincerely hope it is factual, I find the timing of the report… curious.

    Since someone has already raised the issue, I’ll comment on it.
    The Hair loss industry is just a business. Right now business is in dire straits.

    The world economy is on very shaky legs. The true situation cannot be found watching the news or reading your local Pravda. Fact is; what were once stable, developed countries are now experiencing large riots and civil unrest. This is occurring repeatedly with increasing levels of discontent. Again, this cannot be found in the mass media, which seems to exist only to provide updates on American Idol and Jessica Simpson’s weight gain. What we have in this country is a near blackout of information.

    This is a hair loss forum so there is really no need to go into a further rant about why things are the way they are. I’m just trying to point out that given the current economic climate we are in (and are about to enter) I suspect it will be increasingly difficult to obtain funding for medical advances particularly in the aesthetic sector.

    I wish this were not the case.

  • Artista

    Happy1~ i understand and agree with all you are saying especially about the american media’s CHOOSINGS of what is news worthy(profitable. So you are saying that it is possible that Histogen’s financial woes are more due to the overall american/global economy and not because of poor lab results thus far.
    To ‘r1ch’, so your gut feeling is that this is REAL stuff/REAL progress in the lab developments…OK I may hold off on HTs lol…

  • Artista

    Happy1~ i understand and agree with all you are saying especially about the american media’s CHOOSINGS of what is news worthy(profitable). So you are saying that it is possible that Histogen’s financial woes are more due to the overall american/global economy and not because of poor lab results thus far.
    To ‘r1ch’, so your gut feeling is that this is REAL stuff/REAL progress in the lab developments…OK I may hold off on HTs lol…

  • D

    I think the demand for hair loss cures is inelastic; therefore no matter how bad the economy gets, people will still line up and pay whatever amount needed to get a full head of hair again.

  • Artista

    D~ thanks for introducing me to a new word ‘inelastic’ Yes i agree BUT what then would realistically explain the reason for Histogen’s recent financial woes?