This document discusses nanotechnology-based drug delivery and summarizes various nanocarrier systems including nanoparticles, micelles, dendrimers, liposomes, niosomes, and carbon-based structures. It describes how these systems can be used for targeted drug delivery and provides examples of achievements using nanotechnology to develop once-daily drugs and tumor-targeted formulations. The challenges of drug degradation, targeting, compliance and cost are also mentioned. Priority research areas highlighted are cancer nanotechnology, DNA vaccines, and pulmonary drug delivery. Various characterization techniques for nanoparticles are also summarized.