The present disclosure provides a method for the treatment or prevention of Chemotherapy-Induced Peripheral Neuropathy (CIPN) in a cancer patient treated with, or to be treated with, a CIPN causing chemotherapeutic agent, the method comprising: administering a therapeutically effective amount of a composition containing a peptide amphiphile lipid micelle (PALM) nanoparticle to the cancer patient, the PALM nanoparticle comprising a PALM containing the CIPN causing chemotherapeutic agent, and wherein the PALM comprises a peptide, and a lipid component comprising sphingomyelin and one or more additional phospholipids.