Hepatocellular carcinoma (HCC) is one of the most common malignant tumors w
orldwide. The major risk factors for HCC development are now well defined a
nd some of the multiple steps involved in hepatocarcinogenesis have been el
ucidated in recent years. However, no clear picture of how and in what sequ
ence these factors interact at the molecular level has emerged yet. Maligna
nt transformation of hepatocytes may occur as a consequence of various etio
logies, such as chronic viral hepatitis, alcohol, and metabolic disorders,
in the context of increased cellular turnover induced by chronic liver inju
ry, regeneration and cirrhosis. Activation of cellular oncogenes, inactivat
ion of tumor suppressor genes, overexpression of certain growth factors, an
d possibly telomerase activation and DNA mismatch repair defects may contri
bute to the development of HCC. Finally, aflatoxins have been shown to indu
ce specific mutations of the p53 tumor suppressor gene, thus pointing to th
e contribution of environmental factors to tumor development at the molecul
ar level.