This document describes the synthesis of seven new analogues of the macrocyclic peptide sanguinamide B (SanB) and testing of their ability to inhibit protein synthesis in cancer cells. The analogues were designed by altering the amino acids at positions I and III of the SanB backbone, inverting stereochemistry at position III, and changing the protecting group on lysine. All analogues were tested for cytotoxicity against colon cancer cell lines and ability to inhibit protein synthesis. The lead compound with an IC50 of 15.9 μM against colon cancer cells contained an N6-carboxybenzyl-lysine at position I. This establishes the importance of this moiety for biological activity.