Topotecan ((S)-9-dimethylaminomethyl-10-hydroxycamptothecin hydrochloride; SKF-S-104864-A) is a promising anticancer agent that is currently available as a lyophilized formulation. To evaluate the feasibility of formulating topotecan as a ready-to-use injectable solution, the pH-solubility profile was generated over a pH range of 2.5 to 4.5 at 25°C, and the pH-stability profile was generated over a pH range of 2 to 4, a temperature range of 60–80°C, and at an ionic strength of ∼ 0.15 M. The former experiments revealed that desirable solubilities (i.e. 2.5 mg/ml in free base equivalents) are achievable at pH < 4, whereas extrapolation of the degradation kinetics to 25°C indicated that desirable stabilities (i.e. ≤ 2% degradation of topotecan over 2 years) are achievable at pH < 3. The stability results are consistent with a degradation mechanism involving deamination of topotecan proceeding through a reactive quinone methide intermediate. Subsequent attack of water on this intermediate gives the dihydroxylated product, 9-hydroxymethyl-10-hydroxycamptothecin, which may then lose formaldehyde to form the monohydroxylated product, 10-hydroxycamptothecin. The overall study results suggest that a solution pH of <- 2.5 is most appropriate for the formulation of a ready-to-use solution. Prototype formulations meeting these criteria have been placed on long-term stability.