Acts as a phosphoinositide 5- and phosphoinositide 6-phosphatase and regulates cellular levels of inositol pentakisphosphate (InsP5) and inositol hexakisphosphate (InsP6) (By similarity). May play a role in bone development (endochondral ossification).
Widely expressed with highest levels in kidney, liver and placenta.
Involvement in disease
Note=Defects in MINPP1 may be involved in follicular thyroid tumors development.