Funalia trogii, also known as Trametes trogii, is a white-rot basidiomycete that grows on lignin bearing wood and is reported to have cytotoxic and aniticancer property. In the present book, this has been further investigated and analysed to aid anticancer drug discovery.The extract was studied for its effects on various cancer and normal cells in invitro conditions. The study was further extended to invivo tumor model.Besides this, the extract was fractionated and analysed to identify the bioactive component(s).The results obtained were promising and have been published in well known peer-reviewed journals.