Cancer is the condition when the cells proliferate at uncontrollable rates and the wrong locations. Cancer research is a prime property in the real-estate of science with immense potential of success. Regenerative medicine deals with the regeneration of new cells to replace damaged or mutated cells, which requires the understanding of growth-related pathways and molecular mechanisms of tumorigenesis. Stem cells have proven useful in cancer therapies, at least in those cancers, for which the stem cell markers have been identified. Induced pluripotency is an amicable solution for the cancers in which these markers are not significantly expressed. Genetic reprogramming of somatic cells to produce stem cells has been a magic bullet for regenerative medicine. The chapter presents the salient aspects of regenerative medicine and the potential of stem cells for cancer therapies.