In biochemistry, Michaelis–Menten kinetics, named after Leonor Michaelis and Maud Menten, is the simplest case of enzyme kinetics, applied to enzyme-catalysed reactions involving the transformation of one substrate into one product. It takes the form of a differential equation describing the reaction rate v {\displaystyle v} (rate of formation of product P, with concentration p {\displaystyle p} ) as a function of a {\displaystyle a} , the concentration of the substrate A (using the symbols recommended by the IUBMB). Its formula is given by the Michaelis–Menten equation:
V {\displaystyle V} , which is often written as V max {\displaystyle V_{\max }} , represents the limiting rate approached by the system at saturating substrate concentration for a given enzyme concentration. The Michaelis constant K m {\displaystyle K_{\mathrm {m} }} has units of concentration, and for a given reaction is equal to the concentration of substrate at which the reaction rate is half of V {\displaystyle V} . Biochemical reactions involving a single substrate are often assumed to follow Michaelis–Menten kinetics, without regard to the model's underlying assumptions. Only a small proportion of enzyme-catalysed reactions have just one substrate, but the equation still often applies if only one substrate concentration is varied.