Sphingosine-1-phosphate (S1P), which acts as both the extracellular and intracellular messenger, exerts pleiotropic biological activities including regulation of embryonic development, formation of the vasculature, vascular barrier integrity, vascular tonus and lymphocyte trafficking. Many of these S1P actions are mediated by five members of the G protein-coupled S1P receptors (S1P 1~S 1P 5 ) with overlapping but distinct coupling to heterotrimeric G proteins. S1P 1 couples exclusively to G i whereas S1P 2 and S1P 3 couple to multiple G proteins. S1P 2 and S1P 3 prefer G 12/13 and Gq, respectively, among others.The biological activities of S1P are based largely on the cellular actions of S1P on migration, adhesion and proliferation. Notably, S1P often exhibits bimodal effects in these cellular actions in a receptor subtype-specific manner. For example, S1P 1 mediates cell migration toward S1P, i.e. chemotaxis, via G i /Rac pathway whereas S1P 2 mediates inhibition of migration toward a chemoattractant, i.e. chemorepulsion, via G 12/13 /Rho pathway which induces Rac inhibition. In addition, S1P 1 mediates stimulation of cell proliferation through the G i -mediated signaling pathways including phosphatidylinositol 3-kinase (PI3K)/Akt and ERK whereas S1P 2 mediates inhibition of cell proliferation through mechanisms involving G 12/13 /Rho/Rho kinase/PTEN-dependent Akt inhibition.These differential effects of S1P receptor subtypes on migration and proliferation lead to antagonists with improved receptor subtype-selectivity and their optimal drug delivery system augments useful actions and attenuates deleterious effects of S1P, thus providing novel therapeutic tactics. Inhibitors or modulators of S1P-synthesizing and -metabolizing enzymes also could be potential therapeutic tools.