On 27th July 1921, biochemist Frederick Banting and his team of researchers at the University of Toronto proved that the insulin hormone regulates blood sugar. Banting was also the first person to use insulin on humans.
For his seminal work, Frederick Banting, who was 32-years old then, was awarded the 1923 Nobel Prize in Physiology or Medicine, the youngest Nobel laureate in this field. Banting shared the prize money with Dr. Charles Best, his colleague.
Insulin was used to treat diabetes for the very first time on 11th January 1922.
In 1999, Time magazine named Jeff Bezos, the founder of Amazon.com, the Person of the Year. Founded in 1994, the company made profit for the first time in the last quarter of 2001. This means Bezos got the honour when his company was still making a loss! [more...]