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Isothermal titration calorimetry (ITC) can be used to characterize inclusion complex formation of natural cyclodextrins (α- and β-cyclodextrin) with drugs. Based on the experimental values of equilibrium constant (K) and enthalpy of complex formation (ΔH), the Gibbs energy of complex formation (ΔG), and the entropy of complex formation (ΔS), can be calculated, for all the investigated systems.