On October 7th, the Nobel Prize in Physiology or Medicine winners were announced, and American researchers Victor Ambros and Gary Ruvkun are among this year’s laureates. They were recognized for their groundbreaking discovery of microRNA and its crucial role in post-transcriptional gene regulation.

The announcement came from the Nobel Committee in Stockholm at approximately 11:30 AM local time, which translates to 5:30 AM Eastern Time.

Last year’s award went to Hungarian-American biotechnologist Katalin Karikó and American scientist Drew Weissman for their vital contributions to the development of messenger RNA (mRNA) vaccines.

As Nobel Week unfolds, the Medical Prize marks the kickoff of several highly esteemed awards across various disciplines, including economics. The winner of the Physics Prize will be unveiled on October 8th at 5:45 AM Eastern Time, followed by the Chemistry Prize, Literature Prize, and Peace Prize recipients announced from October 9th to 11th. The Economics Prize will be revealed on October 14th.

Winning a Nobel Prize comes with a cash award of 11 million Swedish Krona (approximately $1.061 million), which can be shared among up to three recipients. Those honored will be invited to receive their awards during a ceremony on December 10th, the anniversary of Alfred Nobel’s death in 1896, the founder of the prestigious prizes.