The concept of the foeto-placental unit as an integrated endocrine organ
has been defined recently by many in vivo studies at the 17th- 20th week
of gestation. A functioning foeto-placental unit is necessary for most
of the increased oestrogen production of pregnancy and for the provision
of glucocorticoids and aldosterone to the foetus. Neither the foetus nor
the placenta alone have the necessary enzyme systems for the synthesis
of these groups of steroids. However, when the foetus and placenta
function as a unit, all of the enzyme systems are present for the
synthesis of these steroids from circulating cholesterol. The placenta,
but not the mid-gestation foetal adrenal, can synthesize physiologically
significant amounts of pregnenolone from circulating cholesterol. Part
of the pregnenolone is converted to progesterone in the placenta by the
3 -HSD system (absent in the foetus). The progesterone is transferred to
the foetus where it is transformed by C-II, C-17, C-18 and C-21
hydroxylases (all absent in the placenta) to cortisol, corticosterone
and aldosterone. Pregnenolone transferred from the placenta to the
foetus undergoes 171X-hydroxylation, side- chain splitting and
sulfurylation (absent in the placenta) and is converted to DHAS. The
DHAS may undergo 161X-hydroxylation (absent in the placenta) in the
foetal liver and be transported to the placenta as 161X-OH-DHAS. There
it is subjected to a neutral steroid sulfatase (absent in the foetus)
and is converted to oestriol by action of the 3 -HSD system and the
aromatizing enzyme system.