ALBANY, N.Y. — Five researchers are being presented with a $500,000 medical prize for their roles in developing a gene-editing tool that lets scientists alter the DNA of living cells.

The annual Albany Medical Center Prize in Medicine and Biomedical Research is being presented in Albany on Wednesday. The winners were announced in August.

The researchers are being recognized for their contributions related to the development of CRISPR-Cas9 (KRISS’-per CASS-nine). The faster, cheaper and simpler gene-editing tool has sparked a boom in research in recent years.

The recipients are: Emmanuelle Charpentier of the Max Planck Institute for Infection Biology, Germany; Jennifer Doudna, University of California, Berkeley; Luciano Marraffini, The Rockefeller University, New York City; Francisco J.M. Mojica, University of Alicante, Spain; Feng Zhang, Massachusetts Institute of Technology.