With love in the air for Valentine's Day earlier this week, contraception might be on the minds of many. But while the development of contraceptives aimed at men, rather than women, is gaining ground, interest in male birth control from large pharmaceutical companies just isn't there, according to one expert.

"Big pharma has largely lost interest in the development of male contraceptives," Elaine Lissner, founder of the Parsemus Foundation, told CNBC via e-mail. Her California-based organization is aimed at funding medical research that has failed to find the support of the wider pharmaceutical industry.