The document summarizes key aspects of preformulation studies. It discusses the objectives of preformulation which are to establish physicochemical parameters, stability, and compatibility with excipients. It then examines various physicochemical properties of drugs including organoleptic characteristics, bulk properties, solubility, crystallinity and polymorphism. Methods for analyzing properties like hygroscopicity, powder flow, and partition coefficient are also outlined. The importance of preformulation in developing stable dosage forms is emphasized.