This medication is a long-acting form of the drug, octreotide. It is used to treat severe watery diarrhea caused by certain types of stomach/intestinal tumors (e.g., carcinoid tumors, VIPomas). This drug is also used to reduce the amount of growth hormone in people with acromegaly (a condition of too much growth hormone). This drug is not a cure for these tumors or acromegaly.