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"The government will have to show that this is the only option that offers least burden on consumers and most opportunity to provide a better standard of care," the report released today by UK Health Minister, Norman Lamb, said.
The new guideline also encourages doctors to be more selective about prescribing finasteride.
According to the report, "the evidence shows that Finasteride (brand name Proscar) is no longer effective in treating BPH and its misuse is a risk to both individual patients and the public health."
In the UK, where prescription is free and the NHS pays for drug purchases, companies are currently allowed to charge between $3 and $40 for this drug.
Lamb says this is too high and the new guideline will reduce that average to $14 - $68 depending on the country in which pharmaceutical is prescribed.
However, most people prescribed finasteride are men who have low testosterone levels. These
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