MTT assay showed that the viability of liver cancer cells was inhibited with the treatment of Raloxifene for 24 h in Hep-G2 (A), 7721 (B), and Huh-7 (C). However, Raloxifene did not significantly inhibit the cell viability of LO2, which is a normal hepatocyte cell line (D). Raloxifene inhibited colony formation in Huh-7 and 7721 liver cancer cells (E). Cells colony formation ability was investigated after treatment with Raloxifene for 4 h. The results showed that Raloxifene suppressed the proliferation and regeneration ability of Huh-7 and 7721 cancer cells. Raloxifene inhibited cell migration in Huh-7 cancer cells (F). With Raloxifene treatment for 4 h, wound-healing assay was used to test the migration ability of Huh-7 cancer cells. Raloxifene inhibited cell migration with the concentration of 50 and 75 μM.