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Why was Frederick Grant Banting awarded Noble Prize Physiology or Medicine in 1923?

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Why was Frederick Grant Banting awarded Noble Prize Physiology or Medicine in1923?Name: Frederick Grant Banting.
Country: Canada.
Date of Birth: 14 November 1891.
Died: 21 February 1941.
Education: University of Toronto (MD).
Subjects Of Study: Diabetes mellitus insulin therapeutics.
Profession: Medical Scientist, Physician, Painter.
Known as: Co-discoverer of insulin.
Noble Prize Year: Nobel Prize for Peace in 1923, for the discovery of insulin.
Fields: Medicine..

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