The document outlines the biopharmaceutical classification system (BCS), developed in 1995, which classifies drugs based on their aqueous solubility, permeability, and dissolution rate to aid in drug development and approval processes. It discusses factors affecting BCS, including solubility, permeability, and dissolution, as well as strategies for enhancing bioavailability and drug delivery systems, highlighting self-emulsifying and gastro-retentive drug delivery systems. The document emphasizes the significance of BCS in predicting drug performance, regulatory considerations like biowaivers, and improvements in pharmaceutical formulations.