Biomaterials need to fulfill complex requirements, which are determined by a specific application. As such requirements can differ significantly from case to case, materials were developed, for which various properties [1,2] can be adjusted almost independently from each other. The choice of a suitable material and processes in order to allow the addition of desired functions is crucial and will only be effective when the underlying fundamental principles can be attributed to different structural elements on the molecular level. Multifunctional polymers that combine two functions such as shape-memory effect and biodegradability [3] or biodegradability and drug release [4] have been realized. However, a material that combines the three functions shape-memory capability, controlled drug release, and biodegradability has not yet been demonstrated. This would allow to combine the shape-memory effect for enabling minimally invasive implantation of bulky devices, [5] biodegradability to avoid a second surgery for implant removal, [6] and controlled drug release for treating infections, [7] reducing inflammatory responses, [8] or, later, supporting regeneration processes.[9] Such a combination of functions is demanded by biomaterial-assisted therapies, e.g., for vascular [10] and urinary stents or as scaffold material for reconstructive or aesthetic surgery (e.g., breast remodelling) [11] and in tissue engineering applications (e.g., bone regeneration).[12] Multimaterial systems presently applied in drug eluting stents cannot fulfill the complex demands, but the high level of interest they receive(d), [13] despite shortcomings and contraindications, [14] points to the necessity of new materials. Therefore, we explored whether three functions can be combined in one polymeric material.Our research strategy for the development of such a multifunctional polymer system was based on several key requirements that had to be met: i) the incorporation of hydrophilic and hydrophobic drugs shall not influence the shape-memory functionality, ii) a diffusion-controlled release that is independent from biodegradation must be enabled, and iii) the programming process and shape recovery, which a device experiences during minimally invasive implantation, shall not change the drug release kinetic. The rational design criteria that we derived from the results of our research for the molecular architecture of a suitable polymer system as well as synthesis and functionalization procedures are described in this paper.Shape-memory polymers consist of two key components: netpoints, determining the permanent form, and switching domains formed by switching segments, responsible for the fixation of the temporary shape.[15] Chemical netpoints (covalent crosslinks) have the advantage of ensuring high form stability of the permanent shape, while forming only a small mass fraction of the polymer networks. Fixation by switching domains has been realized by crystallization and vitrification.[16] The switching domains determine the switching temperature ...