This document discusses liposomes, which are spherical vesicles made of phospholipid bilayers that can encapsulate aqueous content. It defines liposomes and describes their mechanisms of action and various classifications. The document also outlines several common methods for preparing, purifying, and evaluating liposomes, such as solvent dispersion, detergent removal, mechanical dispersion, and freeze drying. Finally, it lists some applications of liposomes like enzyme replacement therapy and delivery of drugs, antibodies, and vaccines.