Poly (ADP-ribose) polymerases (PARPs) are a family of nuclear protein enzymes involved in the DNA damage response. The role of PARP-1 in base excisional repair has been extensively characterized. More recent in vitro studies additionally implicate a role for PARP-1 in facilitating homologous recombination and non-homologous end-joining. The more faithful process of homologous recombination repair of double-stranded DNA breaks, involves localization of BRCA-1 and BRCA-2 to sites of DNA damage, resection of the double-stranded break, and gap-filling DNA synthesis using the homologous sister chromatid as a template. Simultaneous dysfunction of both DNA repair pathways decreases the ability of cells to compensate, and forms the basis for the concept of synthetic lethality. Treatment strategies thus far have focused on two main principals: 1) exploitation of the concept of synthetic lethality in homologous recombination deficient tumors, primarily in breast and ovarian cancer patients with BRCA mutation, and 2) as radio-sensitizers and chemo-sensitizers. BRCA deficiency accounts for only a fraction of dysfunction in homologous recombination repair. Epigenetic alterations of BRCA function and defects within the Fanconi anemia pathway also result in defective DNA repair. Rational therapeutic combinations exploiting alternate mechanisms of defective DNA repair, abrogation of cell cycle checkpoints, and additional functions of PARP-1, present novel opportunities for further clinical development of PARP inhibitors. Based on the results of clinical studies of PARP inhibitors thus far, it is imperative that future development of PARP inhibitors take a more refined approach, identifying the unique subset of patients that would most benefit from these agents, determining the optimal time for use, and identifying the optimal combination partner in any particular setting.