Fenofibrate is prescribed in conjunction with a proper diet to assist in reducing the levels of "bad" cholesterol and fats (LDL, triglycerides) in the bloodstream while elevating levels of "good" cholesterol (HDL). Its mode of action involves amplifying the activity of a natural enzyme that is responsible for breaking down fats in the blood. Fenofibrate belongs to a category of medications referred to as "fibrates."fenofibrate may not necessarily lower the likelihood of experiencing a heart attack or stroke. It is important to consult with your doctor regarding the potential benefits and hazards of using fenofibrate.