This document provides an overview of biphasic liquid dosage forms. It defines biphasic liquids as liquid dosage forms containing two phases - an undissolved drug phase distributed throughout a solvent vehicle phase. Suspensions have a solid drug dispersed in a liquid medium, while emulsions have a liquid drug dispersed in a liquid medium. The document discusses the characteristics of suspensions and emulsions, including particle size, dispersion stability methods, and common pharmaceutical examples of each type of biphasic liquid dosage form.