Squalene synthase catalyzes two consecutive reactions in sterol biosynthesi
s the condensation of two molecules of farnesyl diphosphate (FPP) to form t
he cyclopropylcarbinyl intermediate presqualene diphosphate (PSPP) and the
subsequent rearrangement and reduction of PSPP to form squalene. Steady-sta
te and pre-steady-state kinetic studies, in combination with isotope-trappi
ng experiments of enzyme substrate complexes, indicate that two molecules o
f FPP add to the enzyme before NADPH: and that PSPP is converted directly t
o squalene without dissociating from the enzyme under normal catalytic cond
itions. In addition, formation of PSPP or a prior conformational change in
squalene synthase is the rate-limiting step for synthesis of squalene from
FPP via PSPP in the presence of NADPH and for synthesis of PSPP in the abse
nce of NADPH. Squalene synthase is inhibited at high concentrations of FPP.
Inhibition is specific for the formation of squalene, but not PSPP, and is
competitive with respect to NADPH. In addition, the binding of either NADP
H or a third, nonreacting molecule of FPP stimulates the rate of PSPP forma
tion. A kinetic mechanism is proposed to account for these observations.