In this Focus issue, leaders in the field provide an update on the current status of prognostic and predictive biomarkers in oncology and debate the major challenges such as statistical validation, and appropriate use and validation of surrogate endpoints. The value of CA125 monitoring in treatment decision making for ovarian cancer, the clinical development of molecular markers to individualize adjuvant therapy in colon cancer, and guidance for physicians in critically evaluating published studies on prognostic gene-expression signatures are highlighted. This Focus provides a valuable and cutting-edge resource for clinicians and researchers.