Olsen Finasteride 5-year Extension Data and What Happened After the Trial Ended

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Hair gains peaked by year two and eased slowly after

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Key numbers

  • 277 hairsHair-count gap vs placebo at five years on finasteride 1 mg (vertex)Source: dailymed.nlm.nih.gov, as cited Nov 7, 2026
  • 12 monthsTime for finasteride's effect to reverse after treatment is withdrawn (Propecia label)Source: dailymed.nlm.nih.gov, as cited Nov 7, 2026
  • 1,553 menMen randomized in the two 1-year vertex Phase III trials behind the long-term dataSource: pubmed.ncbi.nlm.nih.gov, as cited Nov 7, 2026

From the public record

Medicare Part D spending on finasteride

Medicare Part D spending on finasteride products was $96.6M in 2024 across 7,381,373 claims, compared with $111.9M in 2023 (-13.7%). Average spending per claim was $13.09, before rebates.

Medicare Part D spending on finasteride: the figures
MeasureValueNote
Total spending, 2024$96.6M
Total spending, 2023$111.9M
Change in spending, 2023 to 2024-13.7%
Claims (prescription fills), 20247,381,373
Average spending per claim, 2024$13.09
Finasteride: spending, 2024$96.2M7,380,163 claims
Proscar: spending, 2024$405,6451,210 claims

Source: CMS, Medicare Part D Spending by Drug, data as of 2024

How this was calculated

Summed total spending and claims over every brand and generic row with this generic name in the CMS file, using the Overall manufacturer rows. Combination products excluded. Average per claim is spending divided by claims.

Scope: Every single-ingredient finasteride product in Part D (Finasteride, Proscar), 2024.

Gross drug cost before manufacturer rebates, so net cost is lower. Part D excludes some uses by law (for example erectile dysfunction, weight loss and hair growth), so claims reflect covered uses only. Compounded products are not included.

Download the data (CSV)

At a glance

  • Randomized / 1,553 men aged 18 to 41 with mild to moderate male pattern hair loss
  • Extension design / Up to four 1-year placebo-controlled extensions; 1,215 men continued
  • Entering year 5 / 323 men on finasteride, 23 on placebo
  • Peak hair count / Reached during the first two years
  • Five-year gap vs placebo / 277 hairs in a 1-inch vertex circle
  • Sexual adverse events / 3.8% vs 2.1% in year 1; each event 0.3% or less by year 5

What the five-year extension actually measured

The long-term data come from two 1-year, placebo-controlled Phase III trials that randomized 1,553 men aged 18 to 41 with mild to moderate male pattern hair loss, plus up to four further 1-year placebo-controlled extension studies that 1,215 of those men entered [2]. Hair was counted in a 1-inch diameter circle (5.1 cm²) of balding vertex scalp, where the men averaged 876 hairs at baseline [3].

The extensions did not drop the placebo arm; they were placebo-controlled 1-year studies [2]. What changed was the size of that arm. 323 men on finasteride and 23 men on placebo entered the fifth year [1]. The studies also carried two useful side groups. 543 men took placebo for the first 12 months and then started finasteride, and 290 of them were still in the study in year 5 [1]. A further 65 men took finasteride for 12 months and were then switched to placebo, a group the studies included specifically to evaluate what happens when treatment stops [1].

The two-year publication is the 1998 Journal of the American Academy of Dermatology report [3]. The five-year report is credited to the Finasteride Male Pattern Hair Loss Study Group and appeared in the European Journal of Dermatology in 2002 [2].

The hair count curve: best at two years, slow decline after

The Propecia label describes the shape of the curve directly: the maximum improvement in hair count compared with baseline was reached during the first two years, and although that was followed by a slow decline, hair count stayed above baseline throughout the five years of the studies [1]. Because hair loss in the placebo group was faster, the difference between the groups widened over time — 107 hairs at 12 months (P<0.001) [1], 138 hairs at two years (P<0.001) [3], and 277 hairs at five years (219 men on finasteride versus 15 on placebo, P<0.001) [1].

Both of the early numbers are differences from placebo, not changes from baseline. The 1998 report put the finasteride advantage at 107 hairs at one year and 138 at two years, while placebo produced progressive hair loss [3]. The five-year comparison rests on 219 finasteride and 15 placebo hair counts, so the 277-hair gap is measured against a very small untreated group, even though the direction was consistent across hair counts and across investigator and photographic assessment [1][2].

HealthRX.com offers finasteride 1 mg by prescription.

What happened when the trial ended

The question people actually ask — what happens if I stop — is answered in the label rather than in a follow-up study. The Propecia label says continued use is recommended to sustain benefit, that benefit should be re-evaluated periodically, and that withdrawal of treatment leads to reversal of effect within 12 months [1]. The trial's own version of that experiment was the 65-man group switched from finasteride to placebo after 12 months [1].

The label's postmarketing section also lists sexual dysfunction that continued after discontinuation of treatment, including erectile dysfunction, libido disorders, ejaculation disorders and orgasm disorders [1]. The label states that these reports are voluntary, come from a population of uncertain size, and that a causal relationship cannot reliably be established [1].

What people on Reddit report

Replies to a thread on post-finasteride syndrome and sexual symptoms after stopping. Commenters split between treating those symptoms as real and doubting that the evidence shows them.

Rooftop_Reve · tressless

This is a placebo controlled study of multiple thousands of patients. With published data like this it means that we should probably explore alternative reasons for sexual side effects after stopping, unrelated to the medication. That's how powerful this data is.

Commenter argues that a large placebo-controlled study points to causes other than the drug for sexual side effects after stopping.

Read the source discussion

Queasy_Mouse9981 · tressless

Sure! Here are my dht levels from one month ago which I get done every 6 months and are perfectly normal.

Commenter reports a negative experience on finasteride and says their hormone levels were normal, pushing back on being dismissed.

Read the source discussion

Familiar_Ad_7759 · tressless

While i agree, anecdotal reddit evidence cannot compare in significance to an actual research study

Commenter says anecdotal online reports cannot match a formal research study, siding with the trial evidence.

Read the source discussion

Questions worth asking

Choose the questions you want to keep

Five years of sexual adverse events

In the three 12-month controlled trials (945 men on finasteride, 934 on placebo), drug-related decreased libido was reported by 1.8% versus 1.3%, erectile dysfunction by 1.3% versus 0.7%, and ejaculation disorder by 1.2% versus 0.7%. One or more of these was reported by 36 of 945 men on finasteride (3.8%) versus 20 of 934 on placebo (2.1%), p=0.04, and 1.2% versus 0.9% stopped treatment because of them [1]. Resolution occurred in the men who stopped because of these effects and in most of those who continued [1].

With longer exposure the reported rates fell rather than rose: the label states that the incidence of each of these events decreased to 0.3% or less by the fifth year of treatment [1]. The five-year report concluded that finasteride was generally well tolerated and that no new safety concerns were identified [2].

A self-administered sexual function questionnaire told a slightly different story at month 12: statistically significant differences in favor of placebo appeared in three of four domains — sexual interest, erections and perception of sexual problems — with no significant difference in overall satisfaction with sex life [1].

How complete the safety picture is has itself been questioned. A 2015 meta-analysis of 34 finasteride trials for androgenetic alopecia found that none had adequate safety reporting, that 76% evaluated safety for one year or less, and that funnel plots suggested under-detection of sexual adverse effects [5].

PSA and the prostate cancer signal at 5 mg

Propecia 1 mg lowered mean PSA from 0.7 ng/mL to 0.5 ng/mL at month 12 in men aged 18 to 41 [1]. The familiar 50% reduction and the rule of doubling an isolated PSA value belong to Proscar 5 mg in older men with BPH: Proscar reduces PSA by approximately 50% within six months, and an isolated value in a man who has taken it for six months or more should be doubled for comparison with normal ranges in untreated men [6]. On Propecia, any confirmed increase from the lowest PSA value while on treatment may signal prostate cancer and should be evaluated even if the value is still within the normal range [1].

The high-grade cancer finding comes from the 7-year Prostate Cancer Prevention Trial of finasteride 5 mg, in which Gleason 8 to 10 cancer was found in 1.8% of men on finasteride versus 1.1% on placebo [1]. The label states that 5-alpha reductase inhibitors may increase the risk of high-grade prostate cancer and that the clinical significance for men taking 1 mg is unknown [1].

Where the five-year data are thin

  • Vertex only. The long-term counts came from the two vertex trials [1]. The label states that efficacy in bitemporal recession has not been established, and it describes the extension studies only for the two vertex trials, not for the separate 326-man trial of anterior mid-scalp loss [1].
  • The population was 88% Caucasian, aged 18 to 41, with mild to moderate loss [1].

How the five-year results fit with pooled trial data

A 2010 systematic review by Mella and colleagues in Archives of Dermatology pooled 12 randomized trials covering 3,927 men [7]. The review reported a 24.3% mean hair-count difference from placebo in trials lasting at least 24 months (95% CI 17.92 to 30.60), against 9.42% in trials of 12 months or less; the relative risk of a patient-reported improvement was 1.71 long term, with a number needed to treat of 3.4 [7]. That percentage should not be directly compared with the five-year study's 277-hair difference [1][7].

Check what you know

Think you have it? Try 5 quick questions and see what the article says.

1. According to the Propecia label, what happens to the effect of finasteride after treatment is withdrawn?

Question 1 of 5

Score: 0 right, 0 of 5 answered

Frequently asked questions

How long do hair count gains last on finasteride?
Through five years of continuous treatment in the extension studies. Hair count peaked during the first two years and then declined slowly but stayed above baseline for the full five years [1][2].
What happens after finasteride is stopped?
The Propecia label states that withdrawal of treatment leads to reversal of effect within 12 months [1]. The trials included 65 men who took finasteride for 12 months and were then switched to placebo specifically to evaluate the effect of stopping [1]. The label also lists sexual dysfunction that continued after discontinuation as a postmarketing report, with the caveat that causality cannot reliably be established from voluntary reports [1].
Did sexual side effects get worse with longer use?
The trial data show the opposite. Each drug-related sexual adverse event fell to 0.3% or less by the fifth year of treatment [1], and the five-year report identified no new safety concerns [2]. A separate meta-analysis of 34 trials found that none had adequate safety reporting and that funnel plots suggested under-detection of sexual adverse effects [5].
Were the extension years placebo-controlled?
Yes. The extensions were 1-year placebo-controlled studies, up to four of them [2]. The placebo arm shrank sharply over time: 23 men on placebo entered the fifth year, against 323 on finasteride [1].
Did finasteride regrow hair at the hairline?
The long-term data are vertex data. Hair was counted in a 1-inch circle on balding vertex scalp [3][2], and the Propecia label states that efficacy in bitemporal recession has not been established [1]. A separate 326-man trial enrolled men with anterior mid-scalp loss [1].
How many men were left in the study at five years?
323 men on finasteride and 23 on placebo entered the fifth year of the studies [1]. The 1,553 men originally randomized were enrolled in the two vertex trials, and 1,215 continued into the extension studies [2].

Reader questions

What people actually ask

Short answers drawn from the sources this article cites.

Is it normal for finasteride to stop working after 2 years?

Not according to the trial data. Hair count peaked during the first two years and then declined slowly, but it stayed above baseline through all five years of the extension studies. The decline was slow, not a sudden loss of effect.

Who here has maintained with finasteride for decades?

The long-term data cover five years of continuous treatment, and no results beyond five years are reported. Within those five years, hair count stayed above baseline throughout, with the best counts in the first two years.

References

Show all 8 referencesHide references
  1. U.S. National Library of Medicine, DailyMed. Propecia (finasteride 1 mg) tablets, Organon prescribing information. Propecia (finasteride 1 mg) tablets, Organon label
  2. Finasteride Male Pattern Hair Loss Study Group. Long-term (5-year) multinational experience with finasteride 1 mg in the treatment of men with androgenetic alopecia. Eur J Dermatol. 2002;12(1):38-49.
  3. Kaufman KD, Olsen EA, Whiting D, Savin R, DeVillez R, Bergfeld W, et al. Finasteride in the treatment of men with androgenetic alopecia. Finasteride Male Pattern Hair Loss Study Group. J Am Acad Dermatol. 1998;39(4 Pt 1):578-89.
  4. U.S. Food and Drug Administration.
  5. Belknap SM, Aslam I, Kiguradze T, Temps WH, Yarnold PR, Cashy J, et al. Adverse Event Reporting in Clinical Trials of Finasteride for Androgenic Alopecia: A Meta-analysis. JAMA Dermatol. 2015;151(6):600-6.
  6. U.S. National Library of Medicine, DailyMed. Proscar (finasteride 5 mg) tablets, Organon prescribing information. Proscar (finasteride 5 mg) tablets, Organon label
  7. Mella JM, Perret MC, Manzotti M, Catalano HN, Guyatt G. Efficacy and safety of finasteride therapy for androgenetic alopecia: a systematic review. Arch Dermatol. 2010;146(10):1141-50.
  8. Reddit participants. No Evidence of Post-Finasteride Syndrome in 267,983 Person-Years Follow-up in the Prostate Cancer Prevention Trial (r/tressless). Accessed 2026-11-11.
Evidence overview for trials olsen finasteride: Olsen Finasteride 5-year Extension Data and What Happened After the Trial Ended