Antioxidants are used to prevent oxidation of drugs and excipients in formulations. They work by either sacrificing themselves through redox reactions or inhibiting the chemical chain reaction of oxidation. There are three main types of antioxidants - water soluble antioxidants that act as reducing agents, lipid soluble antioxidants that directly prevent oxidation, and antioxidant synergists called chelating agents that increase the effectiveness of other antioxidants by binding to heavy metals.