By Nigam Arora

MANE is long from $84.88. It is trading up 13% today at $122.69 as of this writing.
Huge Opportunity
There is a large market opportunity. Approximately 50 million American men experience pattern hair loss. If approved, VDPHL01 could become the first new FDA approved oral treatment for pattern hair loss in nearly 30 years.
Trial Results
MANE just announced positive Phase 3 results for VDPHL01, its oral treatment for male pattern hair loss.
Here are the key points:
- All primary and secondary endpoints were met with high statistical significance in a Phase 3 trial involving 536 men.
- After six months, hair counts increased by 28.6 hairs/cm² with once daily dosing and 36.4 hairs/cm² with twice daily dosing, compared with 6.6 hairs/cm² for placebo.
- About 79% to 85% of treated participants reported better hair coverage, compared with 35% of those receiving placebo.
- Statistically significant improvements were seen as early as two months.
- No treatment related serious adverse events or cardiac adverse events of special interest were reported.
- These results build on positive findings from an earlier Phase 2/3 trial, bringing MANE closer to a potential FDA submission and approval.
What Is Next
Longer term 12 month safety data are expected later in 2026, followed by results from the trial in women during the first half of 2027.
Overall, the results are encouraging for MANE. However, the eventual move in stock will depend on FDA approval.
The Plan
The plan is to add on any major pullback if it is not related to a company specific issue but related to a general pullback in the market.
Biotech Caution
MANE is a biotech stock. The usual biotech caution applies. This is a very high reward and high risk position. Please see the Full Core Position Size and Speculative Positions sections in the Trade Management Guidelines.
What To Do Now
Those in MANE and have previously taken partial profits may consider continuing to hold.
Those in MANE who have not taken partial profits may consider taking partial profits.
Those not in MANE may consider waiting for a new signal. Join ZYX Buy to receive an alert when there is a new signal. Click here to start a 30 day free trial.
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This post was just published on October 19, 2026 in ZYX Buy Change Alert.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.

