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Calcium acetate is the calcium salt of acetic acid. It is commonly used as a hydrate, which is used to treat patients with hyperphosphatemia (too much phosphate in the blood) Nephropathy: calcium ions combine with dietary phosphate to form (insoluble) calcium phosphate, which is excreted in the stool. It has the effect of a chelating agent. It contains acetate. The ChEBI compound calcium acetate is a calcium salt of acetic acid. It has been commonly known as acetate lime. The anhydrous form is very hygroscopic, so monohydrate compounds are the common form. DrugBank Calcium Acetate is a calcium salt of acetic acid. Calcium is an essential mineral for many cellular functions including nerve impulse transmission, muscle contraction, heart function, bone formation, capillary and cell membrane permeability. Calcium Acetate is used orally to prevent or treat calcium deficiency and to treat hyperphosphatemia due to its phosphate-binding properties.