The drugs - cyclosporine A (also known as CsA) and FK506 (also known as tacrolimus) - are given to transplant recipients to reduce the risk that the patient's body will reject its new organ.
The drugs work by inhibiting an enzyme called calcineurin.
Researchers led by Haruhiko Miyata of Osaka University's Research Institute for Microbial Diseases studied mice and identified a version of calcineurin that is found only in sperm.
Researchers created mice that were genetically altered to be unable to produce PPP3CC. These mice were referred to as the "knockout" animals.
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Researchers found that when the knockout mice mated with females, the females did not get pregnant, 'Los Angeles Times' reported.
The team then performed in vitro fertilisation (IVF) using sperm from the knockout mice. The sperm were unable to fertilise an egg as long as the egg was covered by its usual layer of cumulus cells.
However, it wasn't the cumulus cells that were the problem. In further tests, the researchers found that the sperm could make their way through these cells and bind to the zona pellucida, the membrane that surrounds the egg, but that was as far as they could go.
Researchers found that the part of the sperm that connects the head to the tail was too rigid. That made the entire sperm cell too inflexible to move with enough force to penetrate the membrane.
The research team then gave the immunosuppressant drugs to regular mice, to see whether their sperm would turn out like the sperm of the knockout mice.
The drugs had no effect on mature sperm cells, which were just as flexible as ever, but worked better on sperm that were still developing.
When the mice stopped taking the drugs, their fertility returned after one week.
"Considering these results in mice, sperm calcineurin may be a target for reversible and rapidly acting human male contraceptives," researchers said.
The study was published in the journal Science.