In this paper, we look at a model depicting the relationship of cancer cells in differentdevelopment stages with immune cells and a cell cycle specific chemotherapy drug. Themodel includes a constant delay in the mitotic phase. By applying optimal control theory,we seek to minimize the cost associated with the chemotherapy drug and to minimize thenumber of tumor cells. Global existence of a solution has been shown for this model andexistence of an optimal control has also been proven. Optimality conditions andcharacterization of the control are discussed.