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A hair doctor may recommend using medication formulated to aggressively reduce further hair thinning or baldness while encouraging the growth of new hair. Finasteride (Propecia), for example, is a conventional hair growth treatment product approved by the FDA. This a prescription pill designed to treat androgenetic alopecia, specifically male pattern baldness, that has to be taken daily. Although the desired results may happen after taking the medication for a couple of months, many men who have used finasteride report hair loss reduction or delay, and in some cases new hair growth.