Chronic myeloid leukemia (CML) is a type of leukemia characterized by the Philadelphia chromosome, which is a reciprocal translocation between chromosomes 9 and 22. This translocation results in the BCR-ABL1 fusion gene and produces the BCR-ABL1 fusion protein with abnormal tyrosine kinase activity. CML progresses through three phases - chronic phase, accelerated phase, and blast crisis. The chronic phase is usually asymptomatic and characterized by leukocytosis. Without treatment, CML will progress to more advanced phases with worse prognosis. Diagnosis requires detecting the Philadelphia chromosome or BCR-ABL1 fusion by cytogenetics, FISH, or PCR. Prognosis depends on factors like Sokal score.