In the past ten years, there has been a flurry of research generating
and screening combinatorial peptide libraries, Molecular biologists ha
ve favored phage display as a means of generating millions to billions
of different peptides for the purposes of mapping protein-protein int
eractions of antibodies, cell surface receptors and intracellular prot
eins. This article summarizes recent work on identifying peptide ligan
ds via phage display and several methods by which they serve to promot
e drug discovery: design of peptidomimetics, biological validation of
targets, and the establishment of high-throughput screens of chemical
compound libraries. These methods provide powerful aids in the search
for lead compounds of previously 'unscreenable' targets and for new ta
rgets discovered in genomics efforts.