The document discusses the Biopharmaceutical Classification System (BCS), which classifies drug substances based on their aqueous solubility and intestinal permeability. The BCS includes four classes based on whether a drug is highly soluble/permeable, poorly soluble/highly permeable, highly soluble/poorly permeable, or poorly soluble/permeable. The classification can help predict a drug's pharmacokinetics, guide product development and biowaivers, and support regulatory decisions regarding bioequivalence. Key factors like solubility, permeability, and dissolution rate are defined. Examples of drug classes are provided.