Utilization of drug delivery systems is an attractive approach to improving efficacy and safety of anticancer drugs. Long-circulating macromolecular or particulate carriers are known to preferentially accumulate in solid tumors, due to the "enhanced permeability and retention (EPR)" effect, 1) i.e., leakiness of tumor angiogenic blood vessels and lack of effective lymphatic drainage. SMANCS (neocartinostatin polymer conjugate), Doxil (doxorubicin liposome), and Daunozome (daunorubicin liposome) 2,3) that exploit the EPR effect have already been launched in the market. Besides, PK1 (doxorubicin-HPMA polymer), 4) XYOTAX (paclitaxelpolyglutamate), 5) and NK911 (doxorubicin micelle) 6) are under clinical investigation.DE-310 is a novel macromolecular prodrug of the topoisomerase-I inhibitor (1S,9S)-1-amino-9-ethyl-5-fluoro-1,2,3,9,12,15-hexahydro-9-hydroxy-4-methyl-10H,13H-benzo[de]-pyrano) [3Ј,4Ј:6,7]indolizino[1,2-b]quinoline-10,13-dione (DX-8951).7) DX-8951 is covalently linked with carboxymethyl dextran polyalcohol (CM-Dex-PA) via the Gly-Leu-Phe-Gly (GGFG) tetrapeptide spacer (Fig. 1). 7) It has been demonstrated that a single dose of 11.4 mg/kg DE-310 exhibited stronger anti-tumor activity in mice than repeated doses (10 mg/kg daily for 5 d) of DX-8951f (exatecan; DX-8951 monomethansulfonate salt).8) Taking into account that DX-8951f belongs to time-dependent anti-cancer drugs, 9) slow release of DX-8951 from DE-310 in addition to long-term retention in tumor tissues would have been beneficial in exhibiting such an effective anti-tumor activity.The peptide spacer of DE-310 was designed to be cleaved by cysteine protease, cathepsins. Expression of cathepsins B, H, and L in tumor tissues and their involvement in tumor progression have been indicated. 10) Cathepsin B is expressed more highly in malignant tumors 11) and is responsible for destruction of basal membranes, processing of matrix proteases, and inactivation of protein inhibitors.12) On the other hand, cathepsin H is highly expressed in colon cancer cells, 13) and cathepsin L is secreted in metastatic bone marrow tumor.14) It is likely that the level of cathepsin species in tumor tissues would be one of the factors determining antitumor activity of DE-310.In this study, we examined the drug release from DE-310 by cathepsins B, H, and L obtained from human liver to identify the products of hydrolysis and determine the rate of hydrolysis for each cathepsin species. Then, we examined in vitro drug release from DE-310 in different murine or human tumor cell types, in addition to the activity or expression of cathepsins B, H and L in the cells. Correlation between the drug release and cathepsin levels was analyzed to quantitatively delineate the mechanism of drug release from DE-310. In addition, tumor tissue distribution of DE-310 was investi-