After the announcements of Noble prizes in medicine and Physics the Noble prize for Chemistry was also declared on Wednesday in Stockholm. Two US citizens Venkatraman Ramakrishnan, Thomas A Steitz and an Israeli Ada E Yonath won the Noble Prize in Chemistry. Royal Swedish Academy said that Nobel Prize was awarded to them” for studies of the structure and function of the ribosome”. One of the core processes in life. Ribosomes generated protein, which regulate chemistry in all living organisms. Modern researches for the development of antibiotic are based on their work.
Royal Swedish Academy of Sciences conducted the Nobel Prize ceremony every year in different fields of chemistry. Nobel Prize is normally awarded for major contributions in the fields of chemistry, physics, literature, peace, and physiology or medicine. Jacobus Henricus van’t Hoff, of the Netherlands was the first to get Noble Prize in 1901 in the field of chemistry by his work.
The committee and institution announces the name of winners every year in October and the prize distribution ceremony held in December. This ceremony is normally held on 10th December, the death anniversary of Alford Nobel. Nobel Prize is normally awarded to maximum three people every year. The prize consists of gold medal, cash grant and a diploma. The cash prize is approximately $1.4 million.
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