Yes. It is also good for a form of leprosy. And yet it was illegal in the U.S. until recently, on the ridiculous theory that it might be accidentally prescribed to a pregnant woman in face of all the publicity about the tragic side effect. In fact, ever since the thalidomide tragedy was decisively publicized, there have been zero additional thalidomide babies, even though some countries, including Israel, never took it off the market but rather trusted the good sense of their nation's physicians. Here is a good link:
They caused the Imclone problem, when it looked like the drug was performing OK . And the one I have been following is CellPathways which thought they were close to approval, but a key FDA manager was changed and the new team denied approval for a promising treatment for Colon Polyps and Colon Cancer!
Propecia must do something awful to unborn babies, since the ads warn pregnant women not to touch a broken tablet. No old stigma attached to that one, though.