The hyperbolic dependence of catalytic rate on substrate concentration is a
classical result in enzyme kinetics, quantified by the celebrated
Michaelis-Menten equation. The ubiquity of this relation in diverse chemical
and biological contexts has recently been rationalized by a graph-theoretic
analysis of deterministic reaction networks. Experiments, however, have
revealed that "molecular noise" - intrinsic stochasticity at the molecular
scale - leads to significant deviations from classical results and to
unexpected effects like "molecular memory", i.e., the breakdown of statistical
independence between turnover events. Here we show, through a new method of
analysis, that memory and non-hyperbolicity have a common source in an initial,
and observably long, transient peculiar to stochastic reaction networks of
multiple enzymes. Networks of single enzymes do not admit such transients. The
transient yields, asymptotically, to a steady-state in which memory vanishes
and hyperbolicity is recovered. We propose new statistical measures, defined in
terms of turnover times, to distinguish between the transient and steady states
and apply these to experimental data from a landmark experiment that first
observed molecular memory in a single enzyme with multiple binding sites. Our
study shows that catalysis at the molecular level with more than one enzyme
always contains a non-classical regime and provides insight on how the
classical limit is attained.Comment: 17 pages, 8 figure