|Short description Tricor (Fenofibrate) is used along with diet and exercise to help control levels of blood fats. It is used to treat high cholsterol and high triglyceride level. It can help lower bad cholesterol (LDL) and triglycerides and raise good cholesterol (HDL). In general, this drug is used after your blood fat levels have not been fully controlled by non-drug treatments (e.g., diet changes, exercise, decreasing alcohol intake, weight loss if overweight and controlling blood sugar if diabetic). Lowering bad cholesterol and triglycerides may help decrease the risk for strokes and heart attacks. Fenofibrate is a lipid-lowering agent (fibrate). It works by increasing the natural substance (enzyme) that breaks down fats in the blood.