Scientists Victor Ambros and Gary Ruvkun won the 2024 Nobel Prize in Physiology or Medicine for the discovery of microRNA and its role in gene regulation, the award-giving body said on Monday.

The Nobel Assembly said that their discovery is “proving to be fundamentally important for how organisms develop and function.”

Nobel announcements continue with the physics prize on Tuesday, chemistry on Wednesday and literature on Thursday.

The Nobel Peace Prize will be announced on Friday and the Nobel Memorial Prize in Economic Sciences on October 14.

The winners for medicine are selected by the Nobel Assembly of Sweden's Karolinska Institute medical university and receive a prize sum of 11 million Swedish crowns (US$1.1 million).

Created in the will of Swedish dynamite inventor and businessman Alfred Nobel, the prizes have been awarded for breakthroughs in science, literature and peace since 1901, while economics is a later addition. (Agencies)