This document discusses liposomal drug delivery systems. It begins by defining liposomes as small artificial vesicles made of cholesterol and phospholipids that range from 20nm to 5000nm in size. It then describes the key components of phospholipids that make up liposomes and commonly used phospholipids. The document classifies liposomes based on their ability to interact with cells and their size/bilayer number. It outlines the mechanism of liposomal drug delivery and advantages such as improved drug efficacy, stability, and ability to deliver both hydrophobic and hydrophilic drugs. Example applications including chemotherapy and products from Cipla are also mentioned.