No, not the mythical magic pill that grows boobs or a vagina, what we need is a pill that stops the growth of facial hair (and nose and ear hair while we're at it).
It doesn't even have to be a pill, a lotion would be fine.
Think about it; there are products that promote hair growth (on the head) and there is even a product that promotes eyelash growth. Why not a product to retard or eliminate hair growth on the face or other body parts?
This would be something not just for crossdressers, but for any man who wants a clean shaven look but doesn't like to shave or has a problem shaving. And of course, there are women who might want to use it as well for controlling hair growth where hair is unwanted.
So for all the upcoming young chemists and medical researchers out ther, let's get cracking, time is wasting!