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**LY01612** is a pegylated liposomal formulation of **doxorubicin hydrochloride**, a **small molecule** anthracycline **topoisomerase II inhibitor** used as an antineoplastic agent. It encapsulates doxorubicin in liposomes to improve pharmacokinetics, reduce toxicity, and enhance tumor targeting compared to conventional doxorubicin. Developed by **Luye Pharma**, it is being evaluated for **advanced breast cancer** and likely other solid tumors, with bioequivalence demonstrated to **Caelyx** (Doxil) in Chinese patients via studies measuring free and encapsulated doxorubicin concentrations.[3][4][10][15]
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