Colestipol Products | Cleanchem - Colestipol is a bile acid sequestrant used to lower cholesterol levels, particularly in patients with high low-density lipoprotein (LDL) cholesterol. It works by binding to bile acids in the intestine, preventing their reabsorption and thus lowering cholesterol levels. Colestipol is commonly used in conjunction with a low-fat diet and other medications for lipid management. Side effects include constipation, bloating, and abdominal pain.