Compositions contains: (a) fenofibrate (I) in micronised form ( 20 mu m) as a layer on an inert water soluble support, a hydrophilic polymer (comprising >= 20% of the weight of (a)), and optionally a surfactant, and (b) optionally one or more external phases or layers. Also claimed are suspensions of micronised (I) in a solution of a hydrophilic polymer and optionally a surfactant.