The Nobel Prize in Chemistry 2005

From Nobelprize.org:

The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry for 2005 jointly to

Yves Chauvin
Institut Français du Pétrole, Rueil-Malmaison, France,

Robert H. Grubbs
California Institute of Technology (Caltech), Pasadena, CA, USA and 

Richard R. Schrock
Massachusetts Institute of Technology (MIT), Cambridge, MA, USA

    “for the development of the metathesis method in organic synthesis”.

…

This year’s Nobel Prize Laureates in chemistry have made metathesis into one of organic chemistry’s most important reactions. Fantastic opportunities have been created for producing many new molecules – pharmaceuticals, for example. Imagination will soon be the only limit to what molecules can be built!

More here. (Advanced [PDF] and supplementary [PDF] information is also available from the Nobel Prize site.)