To improve the in vivo stability of poly(ε-caprolactone)-b-poly(ethylene glycol) (PCL-PEG)-based micelles and cargo retention by π-π stacking interactions, pendant aromatic rings were introduced by copolymerization of ε-caprolactone with benzyl 5-methyl-2-oxo-1,3-dioxane-5-carboxylate (TMC-Bz). It was shown that the incorporation of aromatic rings yielded smaller micelles (18-30 nm) with better colloidal stability in PBS than micelles without aromatic groups. The circulation time of i.v. injected micelles containing multiple pendant aromatic groups was longer (t 1 /2-α:~0.7 h; t 1 /2-β: 2.9 h) than that of micelles with a single terminal aromatic group (t 1 /2 < 0.3 h). In addition, the in vitro partitioning of the encapsulated photosensitizer (meta-tetra(hydroxyphenyl)chlorin, mTHPC) between micelles and human plasma was favored towards micelles for those that contained the pendant aromatic groups. However, this was not sufficient to fully retain mTHPC in the micelles in vivo, as indicated by similar biodistribution patterns of micellar mTHPC compared to free mTHPC, and unequal biodistribution patterns of mTHPC and the host micelles. Our study points out that more detailed in vitro methods are necessary to more reliably predict in vivo outcomes. Furthermore, additional measures beyond π-π stacking are needed to stably incorporate mTHPC in micelles in order to benefit from the use of micelles as targeted delivery systems.Pharmaceutics 2020, 12, 338 2 of 26 and can subsequently transfer its energy to molecular oxygen to yield singlet oxygen species (ROS), which are highly reactive with biomolecules present in cytoplasma or cell membranes, leading to cell death [5,6]. Effective cancer PDT is, however, hindered by some undesired properties in PS. Most PS molecules-including the clinically approved second generation PS, meta-tetra(hydroxyphenyl)chlorin (mTHPC)-are highly hydrophobic due to the extended delocalized aromatic π electron system. This promotes non-specific binding to cells, resulting in unspecific distribution of PS in healthy tissues (i.e., no selective accumulation of the PS in tumorous tissues), which can cause skin toxicity [7][8][9]. Moreover, the poor water solubility caused by the high hydrophobicity makes PS prone to aggregation in aqueous solutions, leading to lower ROS generation and decreased therapeutic efficacy [9][10][11].Loading of PS in polymeric micelles is a promising approach to address these challenges [12]. Polymeric micelles are self-assembled nanostructures based on amphiphilic block copolymers formed in an aqueous solution and have been extensively investigated as drug delivery systems, particularly for the targeted delivery of hydrophobic drugs [13][14][15][16]. Polymeric micelles are characterized by a well-defined structure, containing a hydrophobic core and a hydrophilic shell. The micellar core has a high capacity to accommodate hydrophobic compounds, including photosensitizers, while the hydrophilic shell, which is mostly composed of poly(ethylene glycol) (PEG), can result in...