Follicum AB (publ) announced that more than 50% of the patients have been recruited in the ongoing, clinical phase IIa study with FOL-005. The study involves 200 male patients with hair loss who are treated daily for four months with a newly developed topical formulation of FOL-005 or placebo. The study is being conducted at the Clinical Research Center for Hair and Skin Science in Berlin, at proDERM in Hamburg and at CentroDerm in Wuppertal. Two previous clinical studies have shown that intradermal injections of FOL-005 are an effective and safe treatment for stimulation of hair growth. The current Phase II study aims to investigate the safety, efficacy and response of the drug candidate FOL-005 in a topical formulation. Patients themselves will apply one of three different strengths of FOL-005 or placebo to the scalp, once a day during the evening. The results of the study are expected to be communicated in spring 2021.