I assume you do know the basics of Androgenetic Alopecia, so if we look at CB-03-01 it's quite predictable. It's going to work, the question is how well. It's a androgen receptor antagonist and full AR inactivation would act as a full preventative cure to Androgenetic Alopecia. After all androgens and AR are prerequisite for Androgenetic Alopecia to occur. Remove on of them and Androgenetic Alopecia can't proceed (balding stops).
It's not that strong of a androgen receptor antagonist though and I predict it will be around the same effectiveness of finasteride. The thing about CB-03-01 should be however, that it should have a far better safety profile than finasteride, making it more attractive and accessible to people. I don't know if it will live up to these expectations, but I do hope so. But is it going to be effective? Jup. Will it reach the market though? Don't know, let's hope so. It's scheduled to be released in ~2022 though if everything goes well, damn late.
Anyway I think you should also have a look at
Replicel. I cheer for them personally. Simply because because they are less predictable, and in the event that they do hit the nail on their head it could be really big.
Ultimately though Androgenetic Alopecia, remains to be a pain in the ***.
Btw why don't you read some more about hair biology in general? You seem to be quite intelligent based off your qualifications you gave in another topic. Pretty sure you would come to the same conclusions/views somewhat as me anyway. No interest or..?