PMIII (PF3D7_1408100), a food vacuole histo-aspartic protease, participates in hemoglobin degradation as one of several redundant proteases in the P. falciparum digestive vacuole (PMID:11782538, PMID:16731623). Despite substitution of a histidine for one of the two catalytic aspartate residues conserved in canonical aspartic proteases, PMIII is an active hydrolase and localizes to the food vacuole (PMID:11782538). It functions within an ~200-kDa multi-protein complex that co-purifies with falcipain 2/2', plasmepsin II, plasmepsin IV, and heme detoxification protein, and is required for hemoglobin degradation and hemozoin formation (PMID:23471987). Individual gene disruption is tolerated, yielding viable parasites with normal morphology but slowed growth under amino acid limitation, reflecting functional redundancy among the food vacuole plasmepsins (PMID:15513918, PMID:16731623). PMIII copy number modulates piperaquine sensitivity: CRISPR-Cas9 knockout increases piperaquine sensitivity and slows hemoglobin digestion, yet protease inhibition, plasmepsin amplification, and amino acid limitation do not track with piperaquine susceptibility, implicating digestive vacuole pH homeostasis rather than proteolytic output per se (PMID:40720544); consistently, PMIII overexpression alone does not alter piperaquine, artesunate, or chloroquine sensitivity (PMID:30580023).