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Phosphorylates Ins(1,3,4,5,6)P5 at position 2 to form Ins(1,2,3,4,5,6)P6 (InsP6 or phytate). InsP6 isinvolved in many processes such as mRNA export, non-homologous end-joining, endocytosis, ion channel regulation. Italso protects cells from TNF-alpha-induced apoptosis