High Quality Content by WIKIPEDIA articles! The Nobel Prize in Physiology or Medicine (Swedish: Nobelpriset i fysiologi eller medicin) administered by the Nobel Foundation, is awarded once a year for outstanding discoveries in the field of life science and medicine. It is one of five Nobel Prizes established in 1895 by Swedish chemist Alfred Nobel, the inventor of dynamite, in his will. Nobel was personally interested in experimental physiology and wanted to establish a prize for progress through scientific discoveries in laboratories. The Nobel prize is presented to the recipient(s) at an annual ceremony on December 10, the anniversary of Nobel`s death, along with a diploma and a certificate for the monetary award. The front side of the medal provides the same profile of Alfred Nobel as depicted on the medals for Physics, Chemistry, and Literature; its reverse side is unique to this medal.