This document discusses key concepts in medicinal chemistry including receptor interactions, drug potency and efficacy, and the stereochemical effects of drug enantiomers. Specifically, it defines receptor down-regulation as a decrease in receptor numbers induced by an agonist, and receptor up-regulation as the opposite, an agonist-induced increase in receptor numbers. It also explains that drug potency depends on both affinity, the ability of a drug to bind a receptor, and efficacy, the intensity of response produced by an agonist occupying receptors. Finally, it notes some stereoselective differences in the absorption, distribution, metabolism and excretion of drug enantiomers.