03/05/2014 03:54 EST | Updated 05/04/2014 05:59 EDT

Indiana University professor to be honoured for his work on diabetes drug

BLOOMINGTON, Ind. - Indiana University says one of its faculty members will be inducted into National Inventors Hall of Fame.

It says distinguished professor of chemistry Richard DiMarchi is being honoured for his work on the drug Humalog, a synthetic analogue of the human hormone glucagon that has been used by millions around the world to address the complications of diabetes.

DiMarchi is among a class of 11 inductees announced Tuesday by the National Inventors Hall of Fame in partnership with the U.S. Department of Commerce's U.S. Patent and Trademark Office.

The National Inventors Hall of Fame was established in 1973 to honour the individuals who have conceived, patented and advanced great technological achievements.

Other inductees include Thomas Edison, Orville and Wilbur Wright, Henry Ford, Albert Einstein, George Eastman and Steve Jobs.