Charles Best (medical scientist) the pancreatic extract and monitoring glucose levels, MacLeod assigned the biochemist James Collip to the team. In January 1922, while Collip was working on insulin purification, Best and Banting administered prematurely their pancreatic extracts to 14-year-old Leonard Thompson, who suffered a severe allergic reaction. Eventually, Collip succeeded in preparing insulin in a more pure, usable form. Banting, Best and Collip shared the patent for insulin, which they sold to the University of Toronto for one dollar. In 1923, the Nobel Prize Committee honoured Banting and J. J. R. Macleod with the Nobel Prize in Medicine for the discovery of insulin,
Banting (crater) name the small craters around it with the same name followed by different letters of the alphabet. The new policy allowed deceased scientists who had contributed to biological knowledge, like Dr. Banting – as well as scientists from other fields and contributors to culture and knowledge, such as writers, composers, and artists – to have craters named after them. Previously, only the names of astronomers, others who had made important contributions to astronomy, and historical philosophers had been used. Banting is a "simple" impact crater. It is located in the Sea of Serenity, which is also known as Mare Serenitatis,