I just said I don't have any evidence that they are fraudulent. I was explicit about that because I want to be fair, so I'm not sure how you think you got me with that point. Neither trial met clinical end points for efficacy, but keep believing that. I didn't believe in Samumed before anyone on the forum had even tried it. I personally never even bothered with it even though it's cheaper than most of the stuff I use. I never believed in it because of their secrecy regarding the method of modulation for the Wnt pathway, the other shadiness that's been discussed in this thread, and my understanding of the Wnt pathway and A.G.A. The only drug they've been upfront about is the cancer drug inhibiting clk, which is the only one I think has a shot at working. If SM is simply upregulating clk then it has no shot. There are too many negative feedback mechanisms downstream of clk in A.G.A. If it phosphorylates GSK3b then it will work but not as well as minoxidil.
Edit: lol @ hundreds of millions of dollars for a phase III trial. 40k per patient is the average cost for a phase III, and for some reason theirs is being conducted in-house so they are saving money.
https://www.sofpromed.com/how-much-does-a-clinical-trial-cost