Monoclonal antibodies are identical antibodies produced by a single clone of B cells that specifically bind to target cells. They can be used for cancer therapy by triggering immune system attacks on cancer cells, blocking growth signals, or preventing new blood vessel formation. Monoclonal antibodies are produced through hybridoma technology, fusing B cells with myeloma cells. This produces immortal clones that secrete identical antibodies. Monoclonal antibodies have applications in cancer diagnosis and treatment, with therapeutic antibodies targeting tumors through mechanisms like antibody-dependent cellular cytotoxicity and complement-dependent cytotoxicity.