Just came across a clinical trial for this topical drug that is due to finish in the next few months. It is an anti sebum drug that works operates on melanocortin receptor 5 (I've not come across this line of research as an anti sebum target). The drug was discovered by Mimetica.
The drug is specifically targetted towards anti sebum effects. We should know in the next few months if it is effective and safe.
Though it is not mentioned, it looks like a phase 2 trial. I think it has to go through the more expensive and time consuming phase 3 trial before it can be made into a product.
See "http://www.clinicaltrials.gov/ct2/show/NCT01254162?term=sebum&rank=1"



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