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Prednisolone is used for treating leukemia, lymphomas and autoimmune hemolytic anemia. Prednisolone is a corticosteroid used to treat inflammation of the eye. It works by modifying the body's immune response to various conditions and decreasing inflammation. Deltasone is used in the management of adrenal insufficiency unless a more potent mineral corticoid is administered concomitantly. Prednisolone is used for treating allergies, arthritis, breathing problems, certain blood disorders, certain eye diseases, cancer or psoriasis.