Liposomal Doxorubicin:Doxorubicin (liposomal) is an anti-cancer (antineoplastic or cytotoxic) chemotherapy drug. It is the drug doxorubicin encapsulated in a closed lipid sphere (liposome). This medication is classified as an anthracycline antibiotic.Liposomal doxorubicin is a chemotherapy drug usually given to treat advanced ovarian cancer, advanced breast cancer and Aids-related Kaposi's sarcoma. It may also be given to treat myeloma.