Not really. Here in the United States, the red-yeast rice extract that contains naturally-occurring lovastatin (a statin drug) is not FDA approved.
In contrast, in China red-yeast rice is a common dietary and medicinal product. Their red-yeast rice contains a wide range of biologically active compounds… including lovastatin. (Lovastatin is a statin drug that in the US is sold at the pharmacy with a prescription.) Studies in China using their red-yeast rice have shown significant reductions in coronary heart disease (up to 30%!) and a 60% reduction in myocardial infarctions.
The products that are purchased online from America may contain variable amounts of lovastatin and therefore therapeutic effects aren’t predictable. I would suggest letting the FDA do their job and regulate the medication and their strength. Get a statin prescription from your doctor.