Multimodality molecular imaging combines multiple imaging modalities to provide enhanced visualization of biological processes. Positron emission tomography (PET) is particularly useful for molecular imaging as it can radiolabel biological molecules to image specific targets or pathways. PET combined with computed tomography (CT) or magnetic resonance imaging (MRI) provides highly accurate anatomical and functional information by precisely aligning PET and anatomical images. These hybrid PET/CT and PET/MRI systems utilize the strengths of each modality and offer opportunities to study molecular biology and disease in novel ways.