Protein tyrosine phosphatases as drug targets: strategies and challenges of inhibitor development

Several 'classical' protein tyrosine phosphatases are attractive therapeutic targets, including PTPIB for obesity and Type II diabetes; SHP2 for cancer and Lyp for rheumatoid arthritis. Progress has been made in identifying a broad range of chemically distinct inhibitors; however, developing selective and cell-permeable clinically useful compounds has proved challenging. Here the ongoing challenges and recent significant advances in the field are reviewed. Key novel compounds are highlighted and a perspective on the future of phosphatase inhibitor development is presented.