Finax (Finasteride) vs. Popular Alternatives: Benefits, Risks & Cost

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Key Takeaways
- Finax is a brand‑name finasteride pill approved for male‑pattern hair loss.
- Its main rivals are Propecia, Avodart, Proscar, minoxidil solution, and natural DHT blockers like saw palmetto.
- Finasteride‑based products differ in dosage, FDA status, cost and side‑effect profile.
- Choosing the right option depends on your hair‑loss stage, budget, and tolerance for sexual side effects.
- Combination therapy (pill+topical) often yields the best results for stubborn cases.
What is Finax (Finasteride)?
When you see the name Finax is a branded oral tablet that contains 1mg of finasteride, a synthetic 5‑α‑reductase inhibitor used to treat androgenetic alopecia in men. It was launched in Australia in 2022 and quickly became a cost‑effective alternative to the older Propecia brand.
Finax works by blocking the enzyme that converts testosterone into dihydrotestosterone (DHT), the hormone that shrinks hair follicles on the scalp. Lower DHT levels slow down the miniaturisation process, allowing existing hairs to stay thicker for longer.
How Finasteride Works: The Science of DHT Blocking
Finasteride (the generic ingredient in Finax) targets the typeII isoform of 5‑α‑reductase. By inhibiting this enzyme, the drug reduces scalp DHT concentrations by up to 70%. The result is a measurable decrease in hair‑line recession and vertex thinning after three to six months of consistent use.
Because the mechanism is hormonal, the most common concerns revolve around sexual function, mood changes, and occasional breast tenderness. Most side effects are mild and reversible after discontinuation, but a small percentage of users report persistent issues.
Common Alternatives to Finax
Before diving into numbers, here’s a quick snapshot of the most widely used alternatives.
- Propecia is the original 1mg finasteride tablet marketed by Merck for hair loss, now available as a generic.
- Avodart is a 0.5mg or 5mg dutasteride capsule, a stronger 5‑α‑reductase inhibitor that blocks both typeI and typeII enzymes.
- Proscar is a 5mg finasteride tablet originally approved for benign prostatic hyperplasia (BPH) but often prescribed off‑label for severe hair loss.
- Minoxidil is a topical vasodilator (2% or 5% solution/foam) that stimulates hair growth by increasing blood flow to follicles.
- Saw Palmetto is a plant‑derived extract that mildly inhibits 5‑α‑reductase and is sold as a dietary supplement.

Side‑Effect Profiles at a Glance
Understanding the safety landscape helps you weigh benefits against risks. Below is a quick matrix of the most reported adverse events for each option.
Product | Sexual Side Effects | Mood/Neurological | Dermatological | Other Notable Risks |
---|---|---|---|---|
Finax (Finasteride1mg) | Decreased libido (1‑3%), erectile dysfunction (0.5‑1%) | Mood swings (0.3%), rare depression | None | Potential PSA level alteration |
Propecia (Finasteride1mg) | Similar rates to Finax | Similar rates to Finax | None | Same PSA considerations |
Avodart (Dutasteride0.5mg) | Higher incidence (2‑4%) | Increased reports of depression | None | Longer half‑life; effects persist longer after stopping |
Proscar (Finasteride5mg) | Similar to 1mg but slightly higher (up to 4%) | Rare | None | Used for BPH; higher systemic exposure |
Minoxidil (Topical) | None | Scalp irritation, occasional dizziness | Contact dermatitis (5‑10%) | Hair shedding phase initial 2‑4weeks |
Saw Palmetto (Supplement) | Very low (≈0.1%) | Minimal | Occasional gastrointestinal upset | Limited clinical data; potency varies by brand |
Cost Comparison (2025 Australian Market)
Price matters, especially for long‑term therapy. Below is an average monthly out‑of‑pocket cost for each option when purchased from reputable online pharmacies.
Product | Typical Dose | Monthly Price | Cost per 12Weeks |
---|---|---|---|
Finax (Finasteride1mg) | 1 tablet daily | $28 | $84 |
Propecia (Finasteride1mg generic) | 1 tablet daily | $30 | $90 |
Avodart (Dutasteride0.5mg) | 1 capsule daily | $45 | $135 |
Proscar (Finasteride5mg) | 0.2mg equivalent (quarter tablet) daily | $32 | $96 |
Minoxidil (5% foam) | 1g twice daily | $38 | $114 |
Saw Palmetto (300mg capsule) | 2 capsules daily | $22 | $66 |
Pros & Cons of Each Option
- Finax (Finasteride1mg):
- Pros: Proven efficacy, low daily dose, affordable, widely available in Australia.
- Cons: Potential sexual side effects, must be taken continuously.
- Propecia (Finasteride1mg generic):
- Pros: Same mechanism as Finax, many clinical studies.
- Cons: Slightly higher price, brand perception may affect trust.
- Avodart (Dutasteride0.5mg):
- Pros: Blocks both typeI and II enzymes - up to 90% DHT reduction, may work faster.
- Cons: Higher side‑effect risk, more expensive, off‑label for hair loss.
- Proscar (Finasteride5mg):
- Pros: Stronger systemic exposure, useful for severe BPH‑related hair loss.
- Cons: Higher dose can increase side‑effects, not specifically approved for alopecia.
- Minoxidil (topical):
- Pros: No sexual side effects, works on the vertex area, available OTC.
- Cons: Requires twice‑daily application, may cause scalp irritation, results slower.
- Saw Palmetto (supplement):
- Pros: Natural, cheap, minimal side effects.
- Cons: Limited scientific backing, potency varies, may need higher doses.

How to Choose the Right Option for You
Pick a product based on three practical axes: severity of hair loss, tolerance for systemic side effects, and budget constraints.
- Early‑stage recession (Hamilton‑Norwood I‑II): Minoxidil alone often suffices. Adding a low‑dose finasteride (Finax) can boost results without raising risk dramatically.
- Moderate vertex thinning (III‑IV): A daily 1mg finasteride pill (Finax or Propecia) combined with minoxidil offers the best odds of regrowth.
- Advanced loss (V‑VI) or stubborn cases: Consider a stronger inhibitor like Avodart, but discuss the plan with a dermatologist first because of higher side‑effect potential.
- Concerned about sexual side effects: Start with saw palmetto or a low‑dose finasteride trial (e.g., 0.5mg) and monitor for changes.
- Budget‑tight: Saw palmetto or generic finasteride (Finax) typically give the lowest monthly spend.
Remember, hair‑loss therapy is a marathon, not a sprint. Most clinicians recommend a trial period of at least three months before judging efficacy.
Combination Therapy: When Two Are Better Than One
Studies from 2023‑2024 show that pairing oral finasteride with topical minoxidil improves hair density by up to 30% more than either alone. The synergy works because finasteride tackles the hormonal cause while minoxidil stimulates follicle metabolism. If you can handle both pills and a foam, you’re likely to see the most robust outcome.
When to Stop or Switch
Stop using a DHT blocker if you experience any of the following:
- Persistent loss of libido lasting more than two weeks.
- Depressive symptoms that don’t improve after lifestyle adjustments.
- Unexplained breast tenderness or enlargement.
Switching to a lower‑dose formulation or trying a natural supplement can sometimes resolve mild issues while preserving some benefit.
Frequently Asked Questions
Is Finax the same as Propecia?
Yes. Both contain 1mg of finasteride, but Finax is an Australian‑specific brand that often costs a bit less than the imported Propecia tablets.
Can I use finasteride and minoxidil together?
Absolutely. The combination is the most clinically supported regimen for moderate to severe male‑pattern baldness and is safe for most men.
How long before I see results with Finax?
Most users notice reduced shedding after 8‑12 weeks; visible regrowth can take 6‑12 months of daily use.
Are there any long‑term health risks?
Long‑term studies show a small increase in sexual side effects and a modest effect on PSA testing. Regular check‑ups with your doctor keep you safe.
Is saw palmetto a reliable alternative?
Saw palmetto can help a few men, but the evidence is weaker than for prescription finasteride. It’s best used as a supplement, not a sole therapy.
Bansari Patel
I’ve been down the rabbit hole of hair‑loss meds for years, and the way Finax slots into the bigger picture is worth unpacking.
It delivers a single milligram of finasteride, which is exactly the dose the FDA approved for androgenetic alopecia in men.
The low dose means systemic exposure is modest, and most users report only a whisper of the sexual side‑effects that higher doses can bring.
From a pharmacodynamic standpoint, finasteride inhibits the type‑II isoform of 5‑α‑reductase, shaving DHT levels on the scalp by roughly seventy percent.
That reduction translates into a measurable slowdown of follicular miniaturisation, a fact confirmed by double‑blind trials spanning six months.
Finax’s pricing in the Australian market sits comfortably below the imported Propecia, which makes it an attractive entry point for guys on a budget.
Cost‑effectiveness, however, is only one side of the equation; adherence is the other, and a once‑daily pill is the simplest regimen you can ask for.
If you pair it with a topical minoxidil foam, the synergy between hormonal blockade and follicular stimulation can boost hair density by as much as thirty percent, according to recent meta‑analyses.
The combination does require a bit of discipline-twice‑daily foam and a nightly pill-but the payoff is visible regrowth in the crown area for many users.
It’s also worth noting that the safety profile of finasteride at 1 mg is well‑documented, with the most common adverse events being decreased libido and occasional erectile difficulty, each affecting less than three percent of patients.
These side‑effects tend to be reversible once the drug is stopped, and a small subset of men never experience them at all.
For those who are especially wary of sexual side‑effects, a trial of half‑dose finasteride or a wash‑out period can be a prudent way to gauge personal sensitivity.
Meanwhile, alternatives like dutasteride (Avodart) block both type‑I and type‑II isoforms, delivering up to ninety percent DHT suppression but at the cost of a higher side‑effect burden and a longer half‑life that prolongs any lingering symptoms.
In practice, most dermatologists start patients on the milder 1 mg finasteride before considering a switch to dutasteride, precisely because the risk‑benefit curve is more favorable.
Bottom line: Finax gives you the proven hormonal punch without the premium price tag, making it a sensible first‑line option for anyone willing to stick with daily therapy.
Rebecca Fuentes
Finax’s regulatory status in Australia mirrors that of its generic counterparts, which ensures that the manufacturing standards adhere to Good Manufacturing Practice guidelines.
The pharmacovigilance data released by the TGA indicate a comparable adverse‑event profile to the established Propecia product.
From a clinical perspective, the 1 mg daily dose aligns with the dosage used in most phase‑III trials for male‑pattern alopecia.
Thus, prescribers can be confident that the efficacy and safety metrics are grounded in robust evidence.
Patients who prioritize cost without sacrificing quality often find Finax to be a logical choice.