Synthesized and secreted by the chief cells, important regulator of blood calcium levels, secretion is controlled by the blood level of Ionized Ca, indirectly increases the activity of osteoclasts, inhibits bone formation activity of osteoblasts, enhances Ca reabsorption in the renal tubules, increases conversion of vitamin D to its active form, increases excretion of phosphate by the kidneys, promotes Ca absorption in the GIT