The 2012 Schizophrenia International Research Society (SIRS) Conference, held in Florence, Italy, attracted more than 1,600 attendees from 53 countries to the stately Firenze Fiera Conference Center from April 14-18, 2012. Providing four major plenary sessions, thirty-five symposia sessions and six workshops, this 3rd Biennial SIRS Conference was jointly sponsored by Vanderbilt University School of Medicine, Department of Psychiatry and SIRS. In conjunction with the Schizophrenia Research Forum, a Web project of the Brain and Behavior Research Foundation, and with our thanks to the SIRS organizers and staff, we bring you the following report on the meeting's discussions concerning drug therapy development for schizophrenia, psychological and social treatment for schizophrenia, and the challenges of predicting psychosis with brain imaging.