The invention provides a pharmaceutical composition containing picosterone-17 alpha-
propionate, which is prepared from the following raw materials in parts by weight: 0.25 to 15 parts of picosterone-17 alpha-
propionate, 1 to 5 parts of medicinal matrix, 8.75 to 80 parts of pharmaceutically acceptable
solvent and 20 to 90 parts of pharmaceutically acceptable water, and the pH value of the pharmaceutical composition is 3.0 to 5.0. The pharmaceutically acceptable
solvent is isopropanol or a composition of isopropanol and other solvents, and the weight percentage of the pharmaceutically acceptable water is greater than 20%. The invention further provides a preparation method and application of the pharmaceutical composition containing the picosterone-17alpha-
propionate, the pharmaceutical composition is more beneficial to the active ingredients to play roles, and
irritation and side effects caused by pharmaceutical auxiliary materials in the pharmaceutical composition are reduced.