OBJECTIVE: To prepare Bevacizumab (BEV) multivesicular liposomes (BEV-MVLs) with sustained-effect, and to study their in vitro release characteristics. METHODS: BEV-MVLs were prepared by double emulsion method. Box-Behnken design-response surface methodology was used to optimize the prescription with the concentration of glycerol trioleate (TO) in organic phase, ratio of 1,2-dioleoyl-sn-glycero-3-phosphocholine (DOPC)-cholesterol (CH) (mol/mol), the concentration of L-lysine in external water phase as factors, using encapsulation rate as index. The morphology of BEV-MVLs was observed by inverted fluorescence microscope and SEM; particle size was determined by laser particle size analyzer; the BEV content was determined by HPLC and calculate the encapsulation rate and in vitro accumulative release rate. RESULTS: The optimized prescription was as follows as TO of 2.72 mmol/L in organic phase, DOPC-CH ratio of 0.67 (mol/mol) and L-lysine of 40 mmol/L in external water phase. The encapsulation rate of BEV-MVLs was (80.65±4.42)% (n=3), and relative error of it to predicted value was 2.54%. The liposomes were spherical in appearance shape and uniform in size, and they were typical non-concentric vesicle structure with average particle size of 16.80 μm. 30 d in vitro accumulative release rate was about 92%. CONCLUSIONS: Prepared BEV-MVLs show sustained-effect, and their encapsulation rate reaches the expected effect.