Recently Approved Women's Libido Drug Not For Everyone, Doctors Say

(CBS) -- A little pink pill could change the sex lives of millions of women. On Tuesday, the FDA approved Flibanserin, created to help increase a woman's libido.

But as CBS 2's Marissa Bailey explains, it's not for everyone.

34-year-old Sheri Mike is one of millions of women dealing with a low libido.

"It's caused a lot of frustration with me and my husband," she said. "A lot of disappointment that there's nothing that we're able to do about it."

But now, after two rejections, the FDA approved a drug known as Addyi, intended to help women with sexual dysfunction.

Dr. Jessica Shepherd of UIC, who is three weeks from having her second child, says this is a monumental moment for women's health.

"It is the start of looking at sexual dysfunction and women's sexual health," Dr. Shepherd says.

She says the pill is not for every woman and is not for busy moms who are just too tired for sex at the end of the day.

"There are actually women who do suffer from hormonal imbalances -- neurotransmitter imbalances," Dr. Shepherd says.

And these are the women Addyi can help.

OBGYN's will have interested patients go through a questionnaire to ensure their low sex drive is in fact due to a chemical imbalance. Still, there are side effects.

"We also have side effects of fainting, dizziness and also maybe liver damage," Dr. Shepherd said.

But for Sheri Mike, a small change in her sex drive would help.

"I think even if there was some slight improvement, that would be meaningful to both me and my husband," she says.

Addyi will be available in October. It does not take effect immediately like Viagara.