Benjamin Franklin, one of the founding fathers of the US, famously joked that two things in life were certain: death and taxes.
For many men, however, a third inevitability looms – baldness.
In June, Pelage Pharmaceuticals announced “positive results” from Phase 2a clinical trials of PP405, a drug which aims to combat male-pattern baldness and the thinning of hair in women.
The drug is designed to “reactivate dormant hair follicle stem cells” and could become a “first-in-class” treatment for men and women, Pelage Pharmaceuticals said in a statement.
The treatment could “go beyond slowing the hair loss process and directly drive hair follicle regeneration,” said Dr Christina Weng, the company’s chief medical officer.
“This as a milestone that expands the possibilities of regenerative medicine,” she added. “As we advance into the next stage of clinical development, our focus remains on delivering a science-driven solution that works for everyone.”
Trial results show encouraging signs
The phase 2a trials involved 78 participants, both men and women – with each person applying the drug or a placebo to their scalp once a day for four weeks.
According to the results published by the company, four weeks after the treatment finished, an increase in hair density of 20 per cent or more was seen in almost one third of men who had a greater degree of hair loss. No improvement was observed in the placebo group.
Pelage Pharmaceuticals says what is particularly significant is the drug’s apparent ability to kick-start hair growth in follicles where no hair was previously present.
A new approach to hair regeneration
PP405 has been developed by researchers at the University of California, Los Angeles (UCLA), and targets a series of chemical reactions in cells. Male-pattern baldness is largely caused by genes, although environmental factors also play a role. In some men it begins in their late teens, with rates increasing with age.
A US study found that 16 per cent of men aged 18 to 29 had “moderate to extensive” hair loss, while among 40-somethings the figure was 53 per cent. Over their lifetime, 80 per cent of men will experience hair loss.
Also, about 40 per cent of women will be affected by a thinning of their hair cover.
Dr Bharat Pankhania, a senior clinical lecturer at the University of Exeter Medical School, said that with respect to medication, “some progress” had been made with male-pattern baldness.
“It’s inducing the hair follicles to be stimulated to wake up and start doing things they used to do once upon a time,” he said.
A true cure, however, remains elusive. Indeed a 2023 paper in Trends in Biotechnology said that the most effective treatment remained a hair transplant.
This paper noted that “the needs and expectations of patients” were typically not met by current drug treatments, which were often expensive and had limited effectiveness.
According to the study, only two drugs approved by the US Food and Drug Administration have been marketed as treatments following four decades of research – and these were branded as being only “marginally effective”.
A lucrative market driving innovation
According to figures quoted in the Trends in Biotechnology paper, the global alopecia market was worth $7.6 billion in 2020, and by 2028 is likely to reach $13 billion. Some estimates have put the sector’s value as being even higher.
“Because it’s a huge market there’s a lot of research to find a solution,” Dr Pankhania said. “I remain optimistic, just as I remain optimistic with the management of [other conditions including] sickle cell anaemia. There’s a demand.”
While PP405 has sparked many headlines, there are many other strands of research aimed at gaining a better understanding of male-pattern baldness in the hope of finding a cure. Much of this centres on the genetic basis for the condition.
Research by the University of Bonn and other institutions in Germany, published in 2023, found a link between rare variants of five genes and male-pattern baldness. The results, the university said when its findings were released, could lead to improved treatments.
So for those whose hair is thinning or has almost completely gone, there are causes for optimism – assuming, of course, that they feel that their baldness needs to be cured.
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Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
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Anna and the Apocalypse
Director: John McPhail
Starring: Ella Hunt, Malcolm Cumming, Mark Benton
Three stars
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Groom and Two Brides
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Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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Killing of Qassem Suleimani
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Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE