Fusion transcripts are hybrid RNAs composed of transcripts from two separate genes. Such chimeric RNAs often result from gene fusions and are associated with cancer. Several classic fusions like BCR-ABL have been successfully targeted for cancer therapy. While fusions are often caused by DNA rearrangements, they can also be produced by RNA splicing of neighboring genes. Next generation sequencing, especially RNA-Seq, allows detection of fusion transcripts and has led to the development of many computational tools to identify fusions from sequencing data.