Armolipid Tabs (30). Armolipid is a food supplement formulation taken to help reduce cholesterol and triglycerides blood levels as part of a varied and balanced diet. Proven efficacy in reducing total cholesterol, LDL-C and homocysteine.. Red Yeast Rice (monacolin K) reduces cholesterol and triglycerides. Antioxidants Astaxanthin and Co-Enzyme Q10. Folic Acid 0.2mg reduces homocysteine