Benefits

• Improves libido in older women
• May help reduce bone loss and improve bone density in older women
• Potentially beneficial for treating depression
• May improve skin hydration, firmness, and reduce aging spots
• Helps alleviate vaginal dryness and atrophy in postmenopausal women

Side-effects

• Acne
• Oily skin
• Unwanted hair growth (hirsutism)
• Changes in menstrual cycle
• Mood changes and potential worsening of psychiatric disorders
• Lowering of HDL ("good") cholesterol levels
• Potential increase in the risk of hormone-sensitive cancers