Function
Removes the 4'-phosphate moiety from lipid IV(A) (a tetraacylated precursor of lipid A) and from pentaacylated lipid A, but not from hexaacylated lipid A (as is found in E.coli). Does not dephosphorylate phosphatidic acid, phosphatidylglycerophosphate, or the 1-phosphate group of lipid A and lipid A precursors. Its expression in E.coli confers resistance to the cationic antimicrobial peptide (CAMP) polymyxin B (PubMed:16467300). Plays a critical role in the ability of the bacteria to avoid the host's innate immune system, especially the bactericidal action of CAMPs, although whether it is CAMP-sensitivity or increased sensitivity to the immune system is not clear (PubMed:17360489).