False.
Rogaine uses Minoxidil and the patent for it has expired, hence why Kirkland, Lipogaine, etc. exist. Rogaine only does the most marketing for their product. Merck's patent for Finasteride as an Androgenetic Alopecia treatment expired in 2013. What you're insinuating is that there's some kind of conspiracy theory. There isn't. The simplest answer is usually the correct one... and imo, that is that researchers, or people in general simply don't give a sh!t about solving baldness. There's a whole host of reasons why the feeling of resentment towards mens health exists, but you could potentially blame the feminist movement for making men obsolete and ultimately, men shouldnt deserve to treat this disgusting disease.
Don't believe me? Just tell any woman openly you are uncomfortable about your hair loss and you would like to see a cure. You will:
a) get laughed at
b) receive no sympathy
c) be told there are other more important things that need to be cured
d) be told you are vain (however, it is NOT vain for women and men to laugh at your condition)
Simply put; you and your baldness are irrelevant. It's basically a case of the positional good theory. Society doesnt care about you and would rather have you STAY bald. Read up on the positional good theory, however in short it is the principle that possession can only be given a value by the possessor. Therefor, hair is worth something because it is possessed by some but not others. Thus, society's 'feel good status' about themselves would be jeopardized IF you and all other bald men were to be on an equal playing field. However many privileged men have openly expressed they would rather NOT have baldness cured because of their own greed and lack of empathy for others. There's a thread on this in the forum... in fact, one member here on HairLossTalk.com mentioned that even a DOCTOR (with hair) expressed this very same greed about not wanting baldness cured.
On the bright side though....
Soon enough you'll have access to CB and Bimatoprost. With luck, and if men make it known to Shiseido and Replicel, DSC injections in Japan will be a viable option within a couple years by taking advantage of Japan's new deregulation of stem cell therapies. But hey... thats up to YOU push that forward and making it known.