Chemotherapy has a bad reputation for severe side effects and this problem is one of the major challenges for modern medicine. Targeted drug delivery has become popular for its main advantage to differentiate between healthy cells and cancerous ones. However, targeted drug delivery still has problems to overcome and one of them is the need of new, promising materials for drug encapsulation.We present novel polymer, which forms micelles in aqueous solution and provides a hydrophobic reservoir for Water-Insoluble Drugs. We claim to achieve complete biodegradability and non-toxicity of micelles as well as high stability below CMC and long blood circulation time. We desire our project to play a role in the development of targeted drug delivery systems and to bring socio-scientific benefits.