Automated description from the Alliance of Genome Resources (Release 7.0.0)
Enables inositol bisphosphate phosphatase activity. Acts upstream of or within phosphatidylinositol dephosphorylation. Located in cytosol and membrane. Is expressed in several structures, including alimentary system; central nervous system; peripheral nervous system ganglion; sensory organ; and urinary system. Orthologous to human MTMR7 (myotubularin related protein 7).