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What Is Colestipol Used For? -- An Overview. Colestipol (ColestidÂ®) is a medication that has been licensed for use in the treatment of high LDL cholesterol (bad cholesterol) and high total cholesterol.
Colestipol is available as a brand-name drug called Colestid. Itâs also available as a generic drug. Common side effects of this drug include constipation, stomach pain and cramping, heartburn, and diarrhea or loose stools. Colestipol interferes with the absorption of fat from your digestive tract.