In eukaryotic microorganisms, the PHO signaling pathway regulates the expression of certain genes. These genes, Pho target genes, encode proteins involved in regulating phosphate homeostasis. When the level of extracellular inorganic phosphate (Pi) is high, a transcriptional activator Pho4 is phosphorylated by a complex of two proteins, Pho80-Pho85. As a result, the Pho target genes are not expressed. When the level of extracellular Pi is low, the activity of the Pho80-Pho85 complex is inhibited by another protein, Pho81, enabling Pho4 to induce the expression of these target genes. A simplified model of this pathway is shown in Figure 1.