Alopecia means that hairs abnormally or excessively fall out, and reasons are numerous. When mental pressure is excessive, incensement of hairs lost can frequently occur. Under the action of mental pressure, arrector pili muscle of human body is contracted, hair follicle papilla changes and is malnourished, hairs enter a resting phase, and alopecia occurs. Endocrine abnormality can further cause alopecia, such as postpartum alopecia and climacteric alopecia. Malnutrition of body and pathobolism can further cause change of hair quality and hair color. The drug is prepared by combining dragon's bone, American ginseng ganoderma lucidum, hairy antler, broom cypress, whitebackleaf mallotus root, oriental wormwood, deer-horn gelatin, chinaberry fruit, pcuises and testes of an ursine seal, flower bud of lilac daphne, gecko, fruit of Chinese magnoliavine, Chinese caterpillar fungus, black sesame, yeradetajo, walnut meat, mulberry, cynomorium, radix rehmanniae preparata, indianmulberry, actinolite, epimeddium, cuscuta chinensis, curculigo rhizome, flatstem astragalus seed, bark of eucommia, bitter cardamom, radix dipsaci, psoralea fruit and drynaria, and the drugs are combined to ensure that efficacies of all the drugs generate a synergistic action, so that alopecia can be effectively treated.