The past 25 years have seen unparalleled advances in our understanding of t
he molecular basis of cancer. As a result, novel molecular targets have bee
n identified that provide great potential for the development of new cancer
diagnostics and therapies. Four key features of cancer cells distinguish t
hem from their normal counterparts: loss of cell-cycle regulation, loss of
control over invasion and metastasis, failure of apoptotic mechanisms, and
bypass of senescence. This review examines our understanding of the bypass
of senescence and the process of immortalization during carcinogenesis. In
addition, the realistic opportunities for telomerase in cancer diagnostics
and the challenges faced in clinical trial design for telomerase therapeuti
cs are discussed. Copyright (C) 2001 John Wiley & Sons, Ltd.