Solubilizing metronidazole comprises mixing an aqueous phase of metronidazole with glycolic niacinamide or its salts and at least two glycolic co-solvents, in the absence of cyclodextrin. Independent claims included for: (1) an aqueous metronidazole solution and obtained by the process; (2) an aqueous solution of metronidazole and niacinamide obtained by the process comprising at least two glycolic co-solvents; and (3) a pharmaceutical composition comprising the solution. ACTIVITY : Dermatological. MECHANISM OF ACTION : None given.