I must agree on this. 2 years seems far too optimistic. SM04554 is estimated for 2022 with phase 3 trial initiated in 2018.
However, just to put it into perspective, Cassiopea has stated their phase 3 trial would only last for 6 months, which could save us some time. Let's just hope that given the molecule is already known by the FDA (with the facial 1% cream) and with the short phase 3 trial, Cassiopea could hasten the process.
Tbh, I am not a strong believer in CB. HairLossTalk.com users who have been experimenting this drug have had limited results so far, and while I agree the product purity and Cassiopea's final vehicle could be game changers, the phase 2 trial results were too underwhelming to me.
As Rho Gain puts it, it's just an arrow in the quiver, not a cure.