Low Dose Topical Finasteride

Low Dose Topical Finasteride: My Review of 5 Brands

Finasteride is the most widely prescribed hair loss treatment in the world. While many clinical studies have demonstrated its effectiveness, there have also been rare reports of side effects. As a result, topical finasteride has become a hot topic. It provides similar benefits to oral finasteride, but with a lower risk of side effects.

While this sounds ideal, topical formulations still run the risk of being absorbed into the bloodstream, leading to an increased risk of adverse reactions. As a result, the most recent innovations focus on low-dose finasteride and precision formulations that minimize the risk of side effects while retaining hair growth benefits.

As with many hair care solutions, the market is saturated with topical finasteride options, each claiming to provide the optimal solution. So how do you decide which product to try? This article will guide you through some of the top-rated low-dose topical finasteride recommendations. The information provided will help you make an informed decision about what is best for your hair.

Top 5 Low Dose Topical Finasteride Brands

  1. Ulo Finasteride + Minoxidil PlusRx
  2. Strut Hairfect Rx™ Topical with Finasteride
  3. Keeps Topical Finasteride and Minoxidil Gel
  4. Hims Topical Finasteride & Minoxidil Spray
  5. Ro Mane Spray

How Finasteride Works

Finasteride’s Core Mechanism

The key hair loss mechanism in androgenic alopecia (male pattern baldness) is the miniaturization of hair follicles caused by dihydrotestosterone (DHT). The 5-alpha-reductase (5-AR) enzyme converts testosterone into DHT, and therefore plays a significant role in this process.

Finasteride works by blocking the 5-AR enzyme, causing a reduction in DHT levels. This in turn protects against hair loss and encourages some hair regrowth.

What is Topical Finasteride?

Oral finasteride (in the form of a pill) was approved for treating hair loss by the US FDA in 1997 and has been consistently used as a prescription treatment since then. More recently, topical finasteride (in the form of a cream, gel, or spray) has been gaining popularity.

Topical finasteride works via exactly the same mechanism as oral finasteride, by blocking a majority of serum DHT production, and thereby lowering scalp DHT levels. While oral finasteride lowers DHT systemically (i.e., throughout the body), topical finasteride mostly lowers it locally in the scalp.

Multiple clinical trials have demonstrated the effectiveness of topical finasteride in reducing hair loss. In one study, topical finasteride showed a similar improvement in hair count compared to oral finasteride, while only reducing serum DHT by 34.5% (compared to a 55.6% DHT reduction with oral finasteride treatment). The reduction in systemic DHT suppression is thought to reduce the risk of finasteride-associated side effects, making topical finasteride the preferred option for many.

Why Does Systemic DHT Suppression Matter?

DHT is used by the body for a number of reasons, with scalp hair loss and body hair growth being just two side effects. As a result of DHT suppression throughout the body, some of the mechanisms of the body may be affected, leading to side effects. Oral finasteride associated side effects are relatively rare, but could include decreased libido, erectile dysfunction, ejaculatory dysfunction, and gynecomastia (male breast tissue growth).

These side effects can be distressing and may result in people stopping finasteride treatment, thereby having their hair loss restart.

What are the Advantages of Topical Over Oral?

Fewer side effects

Topical finasteride is thought to cause less systemic DHT suppression, although it does not stop it completely. As a result, topical finasteride has a better safety profile than oral finasteride, resulting in fewer side effects.

Dose control

Oral finasteride is generally prescribed as a standard 1 mg dose, whereas topical finasteride can be used at a range of doses, including low doses for those particularly concerned about side effects. This allows finasteride users greater control over dosing and enables tailored treatments.

Drug combination potential

Topical formulations can easily be combined with other hair loss drugs to form a single application with multiple beneficial treatments. For example, some hair loss brands offer the option to combine topical finasteride with minoxidil, caffeine, and/or tretinoin.

These combinations have been shown to have additional beneficial effects to finasteride treatment alone and, when used in a combined therapy, can improve user satisfaction and improve the likelihood of consistent, long-term use.

To summarize, topical finasteride shows several advantages over oral finasteride, all of which may contribute towards many choosing it for long-term treatment.

Why Choose Low-Dose Topical Finasteride?

As discussed above, topical finasteride reduces systemic DHT suppression and associated side effects. However, it does not completely prevent these issues. Some hair care brands offer low-dose topical finasteride. These treatments are thought to reduce systemic DHT suppression even further and minimize side effects while still having a beneficial effect on hair loss. Studies have shown that topical finasteride at dilutions as low as 0.005% can still result in increased hair density.

Evaluation Criteria: What Separates a Good Topical Finasteride Brand from a Bad One?

In writing this article, I have evaluated multiple hair care brands to produce my list the five best low-dose topical finasteride solutions. To achieve this, I adhered to the following criteria:

  1. Dosing Philosophy

    Brands should offer a low-dose topical formulation, and not solely push high concentrations.

  2. Vehicle Quality

    Brands should offer optimized base solutions that do not contain harmful or irritating ingredients, such as propylene glycol.

  3. Customization

    Brands should offer a level of customization where the finasteride dilution can be changed, additional beneficial ingredients added, and the delivery method altered. This will provide users with treatments personalized to their specific needs.

  4. Transparency and Awareness of Systemic Risk

    Brands should be transparent about what ingredients are included in products, about dosing strategies and techniques used to promote product absorption, and should make users aware of any potential risks associated with the products.

  5. Cost

    Brands should be transparent about pricing, providing users with clear information about single-use prices, repeat prescription discounts, and whether doctor consultations and follow-up care are included in the price.

  6. Medical Oversight

    Finasteride is a prescription product with rare but serious side effects. As such, it is essential that brands offer the correct level of oversight over patients. This should always include an initial consultation to check eligibility and suitability for treatment, and additional follow-up care to check whether patients are experiencing any issues or side effects with the product. Ideally, both the initial consultation and follow-up care should be free, so as to ensure that patients are not excluded from essential care based on additional costs.

The Top 5 Low-Dose Topical Finasteride Brands

#1: Ulo Finasteride + Minoxidil Plus Rx

Ulo Low Dose Topical Finasteride and Minoxidil.
Ulo’s Topical Finasteride.

Ulo is a relatively new brand that only launched in June 2025, but is rapidly gaining popularity within the hair loss community for its commitment to the use of evidence-backed ingredients, extensive personalization capabilities, and a consumer safety-first philosophy.

Ulo provides multiple options for low-dose topical finasteride, but I have chosen Finasteride + Minoxidil Plus Rx as my top pick.

This product is a serum containing 0.005% finasteride, 7% minoxidil, and four other ingredients chosen for the strength of the scientific evidence demonstrating their hair growth efficacy:

  • Tretinoin: enhances product absorption and supports the growth phase of the hair growth cycle.
  • Melatonin: acts as a powerful antioxidant to reduce stress at the hair follicles.
  • Caffeine: improves blood circulation to the hair follicles.
  • Cetirizine: has antihistamine effects and reduces inflammation around the hair follicles.

The combination of topical finasteride with minoxidil (another FDA-approved prescription hair loss drug) was chosen due to clinical trials demonstrating that this combination is more effective than either therapy alone.

Topical Finasteride and Minoxidil Combination Hair Loss Treatment.
The combination of minoxidil and finasteride (MNX+F; blue line) shows improved hair density compared to both finasteride (F; orange line) and minoxidil (MNX; gray line) after 3 months and 6 months of treatment. Adapted from Figure 2 and used under the Creative Commons Attribution license.

Ulo provides a high level of product personalization, with users able to choose their finasteride dilution (0.005% or 0.2%) and decide which of minoxidil, tretinoin, melatonin, caffeine, and cetirizine they want to include in their serum. Ulo states that it does not use any propylene glycol or corticosteroids in any of its formulations and only uses doctor-trusted ingredients. This transparency should reassure users that Ulo prioritizes their safety over “fad” ingredients and easy-to-produce (but irritating) formulations.

Prices for the Finasteride + Minoxidil Plus Rx product start at $64 per month, and topical finasteride alone starts at $49 per month. These prices include an initial medical consultation to ensure that you are on the right product for your needs, and ongoing, personalized care and guidance from licensed providers so that you can get additional help for any concerns.

Ulo uses certified U.S.-based pharmacies to source and ship its products, ensuring quality, reliability, and adherence to all safety regulations.

In summary: Ulo is my first pick for low-dose topical finasteride, providing true low-dose formulations with the option to add-on further ingredients to boost hair growth as much as possible while still minimizing side effects. The combination of evidence-backed ingredients, personalization, and continued medical supervision at the low monthly fee of $64 makes this the best option for combating hair loss safely.

#2: Strut Hairfect Rx Topical with Finasteride

Strut Topical Finasteride
Strut Hairfect Rx™ Topical with Finasteride.

Strut is another U.S.-based telehealth hair care provider, offering a range of products including topical finasteride. It offers customizable treatments and products with multiple ingredients so as to optimize efficacy and convenience.

To get a prescription, you will need to complete a questionnaire and connect with one of Strut’s board-certified doctors. The doctor will review your medical history, current medications, and health status. If the doctor agrees that finasteride is the correct solution, they will write you a prescription, and this can be sent to one of Strut’s U.S. pharmacy partners for completion.

Strut offers personalized options based on your consultation with the doctor. This includes different finasteride concentrations ranging from 0.1-0.25% and minoxidil addition at a concentration of up to 7.5%. These products can be provided as either a gel or a solution, giving further customization. Other ingredients can also be added, including tretinoin, fluocinolone, or biotin. However, I would be cautious about adding corticosteroids such as fluocinolone into your finasteride topical, as long-term use can damage the skin.

Strut provides extensive safety information, giving users all of the necessary information and warnings about side effects.

However, at a minimum of 0.1% finasteride, Strut does not go down to as low a concentration as some users may require, particularly those who are just starting on their hair loss journey or those who are particularly sensitive to side effects. Formulations start at $59 per month, and you may have to pay extra for customizations, although this is not made clear on the Strut website.

Customer reviews for Strut are a little above average, with many satisfied customers, but also complaints about shipping delays, communication issues, and difficulty cancelling subscriptions.

In summary: Strut uses well-researched ingredients at a range of different concentrations to allow flexibility, personalization, and low-dose topical finasteride. Its products are propylene glycol-free, and Strut is transparent about safety information; however, mixed customer reviews may put some users off.

#3: Keeps Topical Finasteride and Minoxidil Gel

Keeps Topical Finasteride and Minoxidil Gel.
Keeps Topical Finasteride and Minoxidil Gel.

Keeps is a U.S. telehealth company founded in 2018, specializing in providing affordable, evidence-backed products.

It offers topical finasteride in a 2-in-1 formulation with minoxidil, available as a gel or foam. Both options are at a fixed dose of 0.25% finasteride and 5% minoxidil, making them a convenient, affordable, no-frills option for those looking for standard formulations. Keeps offers clinically-proven treatments and science-backed formulas, with the finasteride and minoxidil combination known to be more effective at increasing hair growth than monotherapies.

While these concentrations of topical finasteride and minoxidil are in line with many other brands (and FDA recommendations regarding minoxidil), and so will likely have significant beneficial effects on hair growth, they aren’t low-dose. As a result, those with sensitive skin, complex treatment needs, or who are sensitive to side effects may not be able to choose this option.

At $50 per month for the foam option, Keeps is at the cheaper end of the market, making its products accessible to a wider audience and enabling more people to start hair loss prevention. However, the relatively low prices come at the cost of personalization, with users unable to reduce their finasteride dose or to remove minoxidil if they are experiencing side effects. Keeps also provides limited ingredient transparency, making it difficult to identify the presence of potential irritants (such as propylene glycol) before purchase.

The initial medical consultation and the first year’s consultation cost are included in the price of the treatments. Additional annual consultations after this cost just $5 per session.

In summary: Keeps is a great option for those looking for no-frills, affordable, and effective hair loss solutions. It uses science-backed ingredients and has many positive user reports demonstrating the effectiveness of its treatments. Although Keeps does not offer the precision treatment or low-dose options of other, more premium alternatives, it is an ideal option for those looking for low costs and convenience.

#4: Hims Topical Finasteride & Minoxidil Spray

Hims Topical Finasteride Spray and Minoxidil Spray.
Hims Topical Finasteride and Minoxidil Spray.

For my fourth recommendation, I have chosen Hims best-selling treatment: its Topical Finasteride & Minoxidil Spray. Hims is a U.S-based telehealth brand, covering all 50 states in addition to providing access to its products in multiple other countries worldwide.

Hims Topical Finasteride & Minoxidil Spray is a 2-in-1 topical spray containing 0.3% finasteride and 5% minoxidil. Both of these are evidence-backed ingredients known to complement each other by targeting two different hair growth mechanisms to maximize results. Users also have the option of the Hims Topical Finasteride & Minoxidil Serum, which has the same concentrations of finasteride and minoxidil, but in a different formulation. Or the Hair Loss Spray, which contains finasteride and minoxidil with the addition of 2.2% ketoconazole and 0.2% biotin.

Access to Hims products is simple, with a free consultation followed by a licensed provider reviewing your provided information and recommending the correct treatment for your needs. Unlimited, free access to a medical provider is available so that any questions or concerns can be addressed. In addition, the Hims app provides easy access to adjust treatment preferences and advise refill schedules.

The starting price for Hims Topical Finasteride & Minoxidil Spray is $29 per month; however, full price transparency is not provided, and they include a statement that the “Actual price to consumer will depend on product and subscription plan purchased.”

Similar to many other brands, Hims does not offer personalization, and the products may not be suitable for all users. The finasteride concentration of 0.3% cannot be classed as low-dose, and a lack of customization means that users are limited to the concentration offered. This may increase the risk of side effects. The inclusion of propylene glycol in the spray formulation increases the risk of irritation from the product, but Hims clear inclusion of it in the ingredient list gives users the ability to make an informed decision.

In summary: Hims provides simple access to clinically-proven ingredients at affordable prices, but lacks the customization and low-dose access of other newer brands.

#5: Ro Mane Spray

Ro Topical Finasteride and Minoxidil Spray.
Ro Mane Spray.

Ro, formerly Roman, is a telehealth brand offering a range of hair growth products. I have chosen Ro Mane Spray as my final recommendation.

Ro Mane Spray is a compounded topical medicine containing 0.3% finasteride, 6% minoxidil, and 0.025% tretinoin. Ro’s easy-to-use spray combines three science-backed ingredients, each with high levels of evidence supporting their use for hair growth. Finasteride and minoxidil work via two different mechanisms to target hair loss from multiple angles; tretinoin is commonly used to enhance the absorption of minoxidil, which is thought to enhance its efficacy.

The Ro Mane Spray is easy to use, requiring only once daily application, and fitted with a fine-mist sprayer to get optimal coverage. Ro is at the lower end of pricing, with a three-month Ro Mane Spray plan costing $50 per month, and a six-month plan costing $43 per month, making the product one of the more affordable options for customers.

Ro is transparent about its ingredients, providing a full list of both active and inactive ingredients. While this product does contain propylene glycol, a known irritant, Ro is clear about what ingredients are included, enabling users to make informed decisions. Ro also provides information to manage user expectations, so as to avoid user confusion or disappointment in their personal hair growth results. In addition, the initial doctor consultation and follow-ups with Ro are free and unlimited, providing users with a place to go with any questions or concerns.

While Ro’s offering is affordable, evidence-backed, and provides clinician oversight, it may not be suitable for everyone. Ro does not offer personalized treatments, meaning that users are limited with regard to ingredient additions and fixed concentrations. While these options may work well for many, others may experience irritation from propylene glycol or tretinoin and could give up on the treatment. In addition, the finasteride concentration of 0.3% is high, increasing the likelihood of systemic DHT reduction and side effects.

In summary: Ro offers an affordable and effective topical finasteride therapy, but should not be classed as a low-dose option. Its scientifically-backed ingredients are likely effective for many, but may be unsuitable for those prone to side effects and skin irritation.

Topical Finasteride Formulations Explained

In addition to the confusion of choosing which type of drug you want to try to target your hair loss, you may also be overwhelmed by the variety of different ways in which topical finasteride can be applied to your scalp. Below is a summary of the most popular delivery mechanisms currently available in the market.

Liquid Solutions

These formulations are typically applied to the scalp via a dropper. They are mostly residue-free, allow precise dosing for targeted administration, and offer good scalp penetration. However, the high levels of absorption are often a result of the use of propylene glycol in the formulation. Propylene glycol is an irritant that can cause scalp inflammation or dermatitis. Sensitive users may want to find a more gentle solution without irritating ingredients, such as Ulo’s topicals.

Who are they good for: Liquid solutions are good for people looking for precise dosing, but may not be suitable for those with sensitive skin.

Sprays

These formulations are similar to liquid solutions, but applied via a spray nozzle. They offer fast and convenient product application over large areas of the scalp. However, they offer much less precise dosing and can cause application of the product mainly on the hair rather than the scalp. This can result in the failure of the product to reach the root of the hair follicles where it has its effect. These formulations also often contain propylene glycol or other irritants.

Who are they good for: Sprays are good for people looking for a convenient application method, but may not be suitable for those with sensitive skin.

Foams

Foams provide better tolerability compared to liquid solutions or sprays, as they are usually free of irritants (such as propylene glycol). As a result, users are at a lower risk of itchiness and skin flaking. Foams are also beneficial due to their fast absorption and lack of a greasy residue. They are limited in how precisely they can dose, due to the difficulty of measuring an exact amount and achieving scalp contact (as opposed to the product sitting on the hair).

Who are they good for: Foams are good for people with sensitive skin, but may be less effective for those with longer or denser hair.

Gels

Gels are thicker formulations than many others, resulting in precise application, as the gel will not drip. These formulations are often lower irritation, providing a good option for those with sensitive skin. Gels can be formulated using novel delivery methods, including liposomes, which may enhance absorption to the scalp while lowering systemic absorption. However, these formulations are often more expensive, harder to spread across large areas, and may leave a sticky residue on the skin.

Who are they good for: Gels are good for people with sensitive skin and those looking for targeted applications, but may be limited in affordability.

Timeline: What Results to Expect When

It is helpful for users to have an understanding of the hair growth timeline on finasteride treatment so as to manage their expectations and avoid disappointment or quitting too early.

  • Months 1-3: Visible changes during this time are minimal, but finasteride is working behind the scenes to suppress DHT and begin causing changes to your hair follicles, which may eventually result in hair growth. Some patients may see hair shedding, but this is a temporary response and should not be a reason to stop treatment.
  • Months 3-6: Subtle changes may start to be noticed around this point in the timeline, including the formation of new hairs and existing hairs thickening. Clinical trials have shown measurable differences at these timepoints. You may see a slight improvement in hair density or coverage, but do not expect dramatic changes.
  • Months 6-12: During this stage, the most obvious cosmetic improvements will occur, including visible improvements in hair density, more comprehensive scalp coverage, and stronger, thicker hairs.
  • Months 12+: Clinical trials have shown that the hair growth effects of finasteride level out after 12-18 months, as hair density cannot continue to rise indefinitely. At this point, it is important to keep consistently taking treatments so as to maintain your hair density. Stopping treatments will lead to gradual hair loss, as you were likely seeing before taking any treatments.

Side Effects and Safety Considerations

One of the key reasons that people choose to use topical finasteride as opposed to oral finasteride is the reduction in side effects. However, risks still exist, and users should be well-informed about these possible side effects and other safety considerations before starting any treatments.

Localized Side Effects

Topical treatments are applied directly to the scalp and have the potential to cause skin irritation, dryness, and redness. This is a particular risk when products contain irritants, for example, propylene glycol. Individuals who have sensitive skin should try to find products without these irritants, such as Ulo, which has carefully developed less irritating formulations.

Systemic Considerations

Oral finasteride causes systemic DHT suppression as its effects are not localized to the scalp. Topical application is thought to reduce the systemic reduction in DHT, but does not completely prevent it. As a result, topical finasteride may still cause side effects. Choosing low-dose topicals further reduces the risk of side effects, as even less systemic DHT is suppressed. However, the risk is still present, and so users should look out for side effects such as low libido and erectile dysfunction, as these may indicate that finasteride is not the right treatment for you.

Risk Factors

The risk of finasteride side effects depends on the dose of the treatment, the formulation type (some may have higher absorption than others), individual hormone sensitivity, and pre-existing conditions.

Who Should be Cautious?

Topical finasteride should not be used by women who are trying to conceive, pregnant, or nursing, as the suppression of DHT may cause birth defects or harm to the baby. Individuals who have sensitive skin or a propensity to scalp issues may also be ineligible for finasteride use, but this may depend on the formulation used. You should always consult a doctor before beginning a topical finasteride treatment, and they will be able to inform you of any potential side effects.

Final Thoughts

Low-dose topical finasteride is gaining popularity as an option for treating hair loss. It offers a balance between efficacy and safety that many users find compelling. While no solution is completely risk-free, the ability to customize dosing concentrations and personalize formulations gives users a higher level of flexibility than standard oral treatments.

When reviewing the various topical finasteride options, one must take into account: finasteride concentration; the ability to customize treatments; ingredient transparency; price; and medical oversight. Per such a thorough analysis, Ulo provides the best low-dose topical finasteride solution. Ulo’s focus on personalization, safety, and evidence-backed ingredients results in it outperforming competitors.

Successful treatment requires patience and consistency. Taking some time to understand how these products work and what may work best for you can help you to achieve sustainable, long-term results.

Topical Exosomes for Hair Growth

In 2019 when I first discussed exosomes for hair growth, most doctors were injecting them into the scalp. Recently, I also discussed the rarer intravenous (IV) delivery of exosomes to tackle hair loss. Now I look at the topical application of exosome serums into the scalp, due to three such new products being in recent news.

Note that some injectable products from exosome suppliers to the hair loss market can also be applied topically. The method of delivery will depend on your doctor’s or clinic’s preference.

Calecim (PTT-6) Advanced Hair System with Topical Exosomes

Calecim PTT- 6 Topical Exosomes
Calecim (PTT- 6) Advanced Hair System: Topical Exosomes and Growth Factors for Hair Growth.

Recently, HairClone (UK) announced a partnership in which the company will work with an interesting new exosome containing topical product called Calecim Advanced Hair System (that comes with a Derma Stamp).

Edit: The manufacturer has now given blog readers a 15% off discount code HLC2020 for purchases of the Advanced Hair System kit.

Per their website, Calecim includes PTT-6®, which contains over 3,000 proteins, including growth factors, cytokines and exosomes that signal cells to regenerate.

PTT-6 is derived from the secretion of cord lining stem cells isolated from the umbilical cord tissues of New Zealand red deer at birth. No deer is harmed during the extraction and harvest process of this rich source of stem cells.

Calecim Dermastamp
Calecim Dermastamp Included.

The full list of ingredients is PTT-6® and cord lining conditioned media (from stem cell derived fibronectins, glycoproteins, albumin, collagens and hyaluronic acid).

This Calecim topical serum is to be used with an included Derma Stamp for better absorption. A lot people underetrake at-home microneedling for similar reasons. This includes via dermarollers or dermapens or dermastamps.

Elevai Exosomes Combined with Yuva Biosciences Mitochondrial Technology

Elevai Topical Exosomes
Elevai Topical Exosomes for Hair Growth.

Elevai Labs (US) recently gave a positive update regarding the company’s topical Elevai “age zero” Exosomes™ product range for hair loss. In a year-long study that the company conducted, patients who used Elevai empower™ exosomes in combination with in-office microneedling saw favorable results. The company also makes Elevai enfinity™ for at-home use in repairing your skin.

The 12-month results were assessed using imaging analysis and showed a cessation in crown inflammation, a reversal of miniaturized hairs, and a recovery of hairs from the dormant resting phase. the still on-going research study is being conducted in partnership with Carly Klein, president of the National Hair Loss Medical Aesthetics (NHLMA).

Note that I previously also discussed Elevai in my post on Yuva Biosciences and BosleyMDs new hair loss product related to mitochondrial upregulation. Yuva is partnering with Elevai to release a hair loss product that will combine Elevai’s proprietary PREx™ exosome technology with Yuva’s Y100™ mitochondrial technology. The two companies jointly filed for a combination patent in August 2024.

Ultimately, Elevai is developing a new hair and scalp care product line, called “Elevai S-Series Root Renewal System” that will be powered by exosomes and mitochondrial technology. According to company CEO Dr. Jordan R. Plews, they are in the process of conducting a follow-on study. This will further analyze the combination of Elevai exosomes and Yuva’s Y100 mitochondrial technology to address hair loss and thinning concerns.

In January 2025, Elevai’s skin and hair care business was acquired by Carmell (US). In March 2025, Carmell announced a rebranding and name change to Longevity Health Holdings. The company plans to launch a hair growth serum in the second quarter of 2025. Most likely, it will be the exosome and mitochondrial upregulation product that I discusses above.

ExoCelBio Evovex Serum

Another company that makes a line of topical exosomes is ExoCelBio (US) via its Evovex serum. The company website says that these exosomes are derived from the chorion of placental mesenchymal stem cells (pMSCs). Their Exovex™ serum Refine brand was launched in 2023 and has a concentration level of 75 billion exosomes per vial. Refine employs a high concentration of non-lyophilized, purified exosomes that results in fuller and stronger hair.

In May 2024, the US FDA sent a violation warning letter to ExoCelBio in relation to the company’s marketing and lack of a biologics license. This is not surprising, considering the new stricter FDA guidelines governing exosome products. In the US, exosomes are regulated as both a drug and a biologic. In Europe, you are not even allowed to use human-derived exosomes to treat hair loss.

Zishel Xomage

A June 2025 study that was co-authored by scientists from South Korea, France and Germany found the use of topical Zishel Xomage exosomes to significantly benefit hair growth. The product was applied to the scalp after microneedling. Note that Zishel makes both plant-based exosomes; as well as human adipose-derived mesenchymal stem cell based exosomes.