THE NEWS: Pfizer Inc. has agreed to provide hundreds of millions of doses of its lucrative vaccine against pneumonia and meningitis at a fraction of the usual price for young children in poor countries.

THE NEWS: Pfizer Inc. has agreed to provide hundreds of millions of doses of its lucrative vaccine against pneumonia and meningitis at a fraction of the usual price for young children in poor countries.

THE DETAILS: The drugmaker will provide 260 million shots of its Prevnar 13 vaccine for a few dollars each. One Prevnar dose costs nearly $130 in the U.S.

ABOUT THE NEED: Pneumococcal disease is a bacterial disease can cause painful ear infections common in young children and serious infections that can kill or leave survivors deaf, paralyzed or with permanent learning or speech disabilities. It kills more than 1.6 million people annually.