Background: Continuous parathyroid hormone (PTH) is anabolic in cyclooxygenase-2 (Cox2) knock-out, but not WT, mice. Results: Preosteoclasts secreted serum amyloid A3 (Saa3) in response to RANKL only in the presence of Cox2. Saa3 blocked PTH-stimulated cAMP production and osteoblast differentiation. Conclusion: Saa3 is a novel means by which osteoclasts inhibit osteoblasts. Significance: Induction of Saa3 may explain why continuous PTH causes bone loss.