This document discusses emulsion and self-microemulsifying drug delivery systems (SMEDDS). It defines emulsions as mixtures of two immiscible liquids, while SMEDDS are isotropic mixtures of oils, surfactants, and cosurfactants that generate microemulsions upon gentle mixing with water. The document outlines the differences between emulsions and microemulsions, provides examples of formulations for various components of SMEDDS, and discusses stability testing and advantages such as improved drug solubility, stability, and patient compliance compared to other formulations.