The company hopes to receive marketing approval from the Food and Drug Administration within two years.
Upjohn received approval from the Food and Drug Administration to market topical minoxidil as a hair growth stimulant in 1988.
The makers of the new Viagra variants had each hoped to receive approval this year from the Food and Drug Administration to market their products.
Johnson & Johnson is expected to receive clearance from the Food and Drug Administration in the near future to sell a competing product.
In the 1990's, only three new methods received approval from the Food and Drug Administration.
Earlier this month, Ivax received approval from the Food and Drug Administration to market a generic version of a treatment for hypertension.
Seasonale received approval from the Food and Drug Administration after a yearlong random study of 682 women.
None of those doses have received approval from the Food and Drug Administration for distribution.
The company said in a statement the drug received fast-track status from the Food and Drug Administration.
The test received approval from the Food and Drug Administration last year.