Abstract: Pleurotus eryngii var.ferulae（Lanzi）Sacc.is an edible and medicinal fungus and parasitizes on the living rhizome of medicinal plants of the genus Ferula.So,it also has similar medicinal effect.After years of research on the chemical components and biological activities of P.eryngii var.ferulae（Lanzi）Sacc.at home and abroad.Based on the published literature,the research progress on the biological activities of P.eryngii var.ferulae（Lanzi）Sacc.were summarized and discussed,so as to provide the reference for the development of its effective components.