The document discusses principles and types of bioassay. It begins by defining a bioassay as a comparative assessment of the potency of a test compound to a standard compound on living tissue. It then outlines the principles of bioassays, including using a standard and test sample with the same mechanism of action and comparing them using a reproducible pharmacological technique. The document categorizes bioassays as either graded, involving measuring a biological response on a scale, or quantal, involving measuring an endpoint response. It provides details on specific graded bioassay methods and discusses quantal bioassays, LD50 determination, and bioassays of antagonists.