Factor Va is the activated form of Factor V that serves as a protein cofactor for factor Xa during prothrombin activation. In the membrane-associated complex, factor Xa supplies the proteolytic catalyst while factor Va helps organize efficient conversion to thrombin.[ref]
The cofactor's effect can be measured by reconstituting the reaction from purified components. In a bovine study with one defined phospholipid mixture, adding factor Va reduced the apparent Michaelis constant for prothrombin from to . Other vesicle compositions gave different relationships between binding and apparent kinetics.[ref]
The ratio describes the change in that apparent kinetic parameter. It does not imply that every reaction rate rises 55-fold: the observed rate also depends on substrate abundance and the limiting rate. The example shows how a noncatalytic protein can strongly regulate an enzyme reaction by participating in its molecular assembly.

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