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In most vertebrates, the hemoglobin (or heamoglobin if you prefer) molecule is an assembly of four globular protein subunits. Each subunit is composed of a protein chain tightly associated with a non-protein heme group. Proteins are amino acid structures. The key elements of an amino acid are carbon, hydrogen, oxygen, and nitrogen. Each heme group contains one iron atom, that can bind one oxygen molecule. The heme in hemoglobin is Heme B which has the formula C34H32O4N4Fe. Note that Cobalt's chemical symbol is Co, and Co doesn't appear anywhere in hemoglobin's chemical formula.

Note that there is a synthetic cobalt containing analog to hemoglobin. A coboglobin is a synthetic compound chemically similar to hemoglobin or myoglobin but using the metal cobalt instead of iron (hence the name).

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