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Bilypsa tablet is an antidiabetic drug contains an active ingredient called Saroglitazar. It belongs to the medication class known as a dual peroxisome proliferator-activated receptor (PPAR) agonist. It is used to treat diabetic dyslipidemia (an abnormal amount of lipids in the blood) and hypertriglyceridemia (high level of triglycerides in the blood) in patients with type 2 diabetes mellitus that is not controlled by statin therapy.