OK, so the fact that baldness doesn't bother YOU means it shouldn't bother ME? Newsflash - you are not me and you have absolutely zero right to speak for me.
Now, with that out of the way, here is something to consider. This is research. Maybe to you it's research into petty, first-world problems. But the funny thing about research is that sooner or later, the findings end up applying to some other problem. So while the immediate paydirt here is a cure for baldness, techniques and findings along the way may just end up saving people from other, bigger problems.
In addition, the big income pharmaceuticals tend to finance OTHER research by big pharm. So chill out. You may not see the benefit, but that doesn't mean there isn't one.