The Nakanishi Prize, named after Japanese chemist Koji Nakanishi, is an award in chemistry given alternately by the Chemical Society of Japan and the American Chemical Society.
"To recognize and stimulate significant work that extends chemical and spectroscopic methods to the study of important biological phenomena.
It was decided that the Chemical Society of Japan and the American Chemical Society would alternate years awarding the prize.
There are two separate endowments for the prize for each society, but the prize is the same for both awards: a medallion in presentation box, $5,000 prize money, and $2,500 travel reimbursements.
Source: American Chemical Society Osaka University Okinawa Science and Technology Promotion Center