No. Basically it consists of vitamins and supplements (everyone needs these if diet is poor, won't cure baldness), volumising shampoos (makes hair look thicker, doesn't cure baldness), anti sebum shampoos (good for promoting scalp health, doesn't cure baldness) and minoxidil (doesn't fight the cause of baldness, but a pretty good growth promoter). The only reason why they can claim it's FDA approved is because it contains minoxidil, the only part of the therapy actually proven to promote hair regrowth. It lacks the most important component, a strong DHT inhibitor. It does contain saw palmetto, a rather weak DHT inhibitor, but finasteride is much better at fighting the cause of hair loss than saw palmetto.
You would be far better off buying cheap minoxidil in bulk, getting a prescription for generic finasteride as proscar 5 mg, buying the occasional bottle of nizoral and taking multivitamin tablets.