The document discusses recent advances in immunopharmacology. It covers understanding immunology, modulating the immune response, evaluating immunological agents, and recent markers and parameters. Newer immunomodulatory drugs and their mechanisms of action and adverse drug reactions are also described. These include glucocorticoids, immunophilin ligands like cyclosporine and tacrolimus, proliferation signal inhibitors like sirolimus, mycophenolate mofetil, and thalidomide.