Pharmaceutical composition comprises micronized fenofibrate, a surfactant and a cellulose derivative that acts as both a binder and a solubilizing agent. Independent claims are also included for the following: (1) production of the composition by spraying neutral microgranules with an aqueous suspension containing the surfactant, the cellulose derivative and micronized fenofibrate and (2) production of the composition by granulating a mixture of the surfactant, the cellulose derivative and micronized fenofibrate with an aqueous wetting solution and drying and screening the granules.