The kinetics of tissue plasminogen activator (t-PA) and DSPA␣1-catalyzed plasminogen activation using untreated and TAFIa-treated fibrin degradation products ( Hemeostasis requires a proper balance between the coagulation and fibrinolytic systems. In response to vascular injury, a hemostatic plug is generated by converting fibrinogen to an insoluble fibrin clot through the action of thrombin, the terminal enzyme of the coagulation cascade. Fibrinolysis, the breakdown of the fibrin clot, is achieved primarily by the activation of plasminogen to the serine protease plasmin, which catalyzes degradation of the insoluble fibrin clot to soluble fibrin degradation products (FDPs).1 The activation of plasminogen can be catalyzed by both endogenous activators such as tissue-type plasminogen activator (t-PA) and urokinase or exogenous activators such as streptokinase, staphylokinase, and Desmodus rotundus salivary plasminogen activators (DSPAs). These enzymes have all been used as thrombolytic agents for the dissolution of pathological thrombi, which can cause both myocardial infarction and stroke.The fibrin clot is not only the substrate for plasmin but also a cofactor for plasmin generation by the various plasminogen activators. Both t-PA and DSPA␣1 are known as fibrin-selective plasminogen activators, because the rate of plasminogen activation with both activators is increased several orders of magnitude in the presence of fibrin, as compared with fibrinogen (1). Extensive plasminogen activation in the plasma, mediated via the cofactor effect of fibrinogen, results in systemic, plasmin-mediated fibrinogenolysis and consumption of ␣ 2 -antiplasmin, severely compromising the coagulation potential of the plasma (1, 2). Fibrin selectivity is thus highly desirable for systemically administered thrombolytic agents. DSPA␣1 is considerably more fibrin-selective than t-PA, as the catalytic efficiency of DSPA␣1 is stimulated 13,000-fold, compared with only 820-fold for t-PA, when fibrin is the cofactor instead of fibrinogen (1). Furthermore, DSPA␣1 is intrinsically less fibrinogenolytic than t-PA because the catalytic efficiency of DSPA␣1 is 13-fold lower than t-PA when fibrinogen is the cofactor (50 versus 640 M Ϫ1 s Ϫ1 ) (1). The stimulation of plasminogen activation by fibrin is mediated by interactions of both the activator and plasminogen with fibrin (3). Structures within t-PA by which it interacts with fibrin are its fibronectin finger-like domain and its kringle-2 domain. The interaction of DSPA␣1 with fibrin is presumably mediated solely by its finger domain, since it lacks a kringle-2 domain, although at least one other low affinity interaction is likely, because DSPA and DSPA␥, highly homologous relatives of DSPA␣1 (89 and 91% identity, respectively) lacking the finger domain, are also stimulated by fibrin, albeit to a much lesser extent (1). The interaction of plasminogen with fibrin occurs by its lysine-binding kringle domains. Two forms of plasminogen exist. Glu-plasminogen, the full-length form found circulating ...