The present invention provides a 
drug delivery system wherein a "parachute" structure is coupled to a therapeutic compound. The "parachute" structure comprises hydrophilic branched molecular fragments, or a 
cyclodextrin moiety, with a defined action 
diameter. The complex (a parachute structure coupled with a therapeutic compound) is either fixed at a 
cell membrane or delivered to a defined distance from the membrane within the 
cell. The membrane-anchoring / localizing effect of the parachute is achieved by hydrophilic structures linked with a branching unit of desired therapeutic compounds. Furthermore, the parachute structures can be connected by a spacer (e.g. beta-amino acids, gamma-amino 
butyric acid, or poly-amino acids) instead of directly binding to the therapeutic compound, so that the therapeutic compounds can be localized within the cells at a defined distance from the 
cell membrane. A spacer containing a 
breaking point can determine the time span, during which the 
drug exhibits its therapeutic activity. The hydrophilic residues can also carry signals for targeting the parachute-therapeutic complex to a defined 
tissue type. This can be mediated by an 
antibody which is specific for a 
tumor marker. Alternatively, a 
biotin can be attached at C6 position of the 
sugar and then react with an 
avidin-labeled tumor-
specific antibody. The parachute function may also be achieved by other, more bulky hydrophilic structures such as oligosaccharides connected to the branching unit. Such 
sugar oligomers have specific attachment points to cell selecting, and therefore do not need additional molecular structures to target a specific 
tumor tissue. The use of the parachute structure gives the advantages of being able to localize a 
photosensitizer or chemotherapeutic 
drug at the site within a cell where it can destroy the tumor cell most effectively. This reduces the level of necessary systemic doses of the drugs, promotes drug 
excretion, and therefore considerably reduces side effects of the therapy.