Medical Awards Begin the week of Nobel Prize announcements

By The Associated Press

Stockholm: The first Nobel Prizes for 2021 are announced on Monday along with the names of the winners, or laureates, in the field of physiology or medicine.

A panel at the Karolinska Institute in Stockholm will announce the recipient after 11:30 pm (0930 GMT).

Last year’s prize went to three scientists who discovered the liver-damaging hepatitis C virus, a breakthrough that led to a cure for the deadly disease and tests to stop the disease spreading through blood banks.

The Nobel Assembly is often lauded for basic science, but practical applications are also occasionally recognized. This could increase the chances of getting rewards for those involved in developing vaccines against the coronavirus.

The coveted prize comes with a gold medal and 10 million Swedish kronor (over $1.14 million). The prize money comes from a will left by the prize’s creator, Swedish inventor Alfred Nobel, who died in 1895.

Other awards are for outstanding work in the fields of physics, chemistry, literature, peace and economics.

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