Using a recently isolated human basic somatomedin (basic SM) similar to insulin-like growth factor I (IGF-I), we studied both the photoaffinity-labeled and unlabeled basic-SM receptor solubilized from human placental cell membranes. Unlike the result with the insulin receptor, high yields of soluble basic-SM-binding activity are obtained with Triton X-100. The soluble basic-SM receptor retains high-affinity (Kd 0.3 nM) peptide-specific binding of basic SM, similar to the binding present in particulate placenta membranes; the receptor exhibits a comparatively low affinity for insulin (k d 3 FAM). On Sepharose 6B, like the crude soluble insulin receptor, the basic-SM receptor migrates as a species with an apparent Stokes radius of 7.2 nm; unlike the insulin receptor, the basic-SM receptor does not, under similar conditions, yield a smaller binding species (apparent Stokes radius 3.8 nm). Upon photoaffinity labeling with "I-labeled basic SM, one principal specifically labeled constituent is detected. Upon gel electrophoresis in the presence of 2-mercaptoethanol, the photolabeled constituent, like the insulin receptor, migrates as a species with an apparent molecular weight of about 140,000; in the absence of reducing agent, a molecular weight greater than 240,000 is observed. Lectin-agarose affinity chromatography yields a 30-fold purification both of the basic-SM-binding activity and the photolabeled constituent. Anti-insulin receptor antibody does not appear to precipitate the basic-SM receptor. We conclude that the basic-SM receptor of human placenta is a glycoprotein, remarkably similar to (an isoreceptor) but distinct from the insulin receptor previously characterized in this tissue.The somatomedins (SM) are a group of growth hormone-dependent, serum-borne, polypeptide growth factors that have in common the ability to stimulate proteoglycan synthesis in cartilage and to mimic the actions of insulin in a variety of extraskeletal tissues. The somatomedins account for the insulinlike activity in human serum that is not neutralized by anti-insulin antibody (so-called nonsuppressible insulin-like activity or NSILA; recently renamed insulin-like growth factors or IGFs). Recent evidence suggests that all of the reported somatomedins may fall into two main groups based on their isoelectric points. The basic group (pIs greater than 7.4) includes insulin-like growth factor-I (IGF-I) (1), SM-C (2), and a basic SM that has been purified in our laboratory (3). The acidic-neutral group (pI less than 7.4) includes IGF-II (1), SM-A (4), and multiplication-stimulating activity (5). The basic group of somatomedins are highly similar in terms of their molecular weights, pls, NH2-terminal amino acid sequences (1-3), and immunoreactivity (3, 6, 7). IGF-I (similar to our basic SM) and IGF-II have different NH2-terminal amino acid sequences but share a sequence homology with each other and with proinsulin (8). Thus, there is a complex relationship between insulin, the somatomedins, and the peptide-specific receptors for eac...