http://en.wikipedia.org/wiki/Activin_and_inhibin
Activin
Activin is produced in the gonads, pituitary gland, placenta, and other organs:
In the ovarian follicle, activin increases FSH binding and FSH-induced aromatization. It participates in androgen synthesis enhancing LH action in the ovary and testis. In the male, activin enhances spermatogenesis.
Activin is strongly expressed in wounded skin, and overexpression of activin in epidermis of transgenic mice improves wound healing and enhances scar formation. Its action in wound repair and skin morphogenesis is through stimulation of keratinocytes and stromal cells in a dose-dependent manner.[11]
Activin also regulates the morphogenesis of branching organs such as the prostate, lung, and especially kidney. Activin A increased the expression level of type-I collagen suggesting that activtin A acts as a potent activator of fibroblasts.
Lack of activin during development results in neural development.
Inhibin
In both females and males, inhibin inhibits FSH production and GnRH release from the hypothalamus. However, the overall mechanism differs between the genders:
In females
Inhibin is produced in the gonads, pituitary gland, placenta and other organs.
In women, FSH stimulates the secretion of inhibin from the granulosa cells of the ovarian follicles in the ovaries. In turn, inhibin suppresses FSH.
Inhibin B reaches a peak in the early- to mid-follicular phase, and a second peak at ovulation.
Inhibin A reaches its peak in the mid-luteal phase.
Inhibin secretion is diminished by GnRH, and enhanced by insulin-like growth factor-1 (IGF-1).
In males
In men, it is a hormone that inhibits FSH by negative feedback. It is secreted from the Sertoli cells,[12] located in the seminiferous tubules inside the testes. Androgens stimulate inhibin production; this peptide may also help to locally regulate spermatogenesis.