This document discusses liposomes and their role in novel drug delivery systems. It begins by defining liposomes as microscopic phospholipid vesicles that can encapsulate both hydrophilic and lipophilic substances. It then covers the classification of liposomes based on composition, structure, and preparation methods. The document discusses the advantages and disadvantages of liposomes for drug delivery. It also details the composition of liposomes including phospholipids and cholesterol. The mechanisms of liposome formation and various preparation methods are described.