A new birth control gel has become the first contraceptive method that has been approved by the US Food and Drug Administration for decades, providing another option for a market worth $ 5.4 billion, Bloomberg News said Friday.

The gel, which is marketed under the name "Fixy" by the company, "Ephofim Bio Sciences" for the biological medicine, to make the woman's basic acid fluid levels not suitable for sperm when using the gel an hour before the intimate encounter.

Bloomberg said that approval provides a rare new option in the contraceptive market, which has been dominated by pill for the past 60 years.

The first brand new contraceptive without hormones was a female condom, approved in 1993.

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