The Biden administration will aim for a large drug pricing plan by the end of August, and announced it supports importing drugs from Canada, the president said Friday. It’s the first sign of the administration taking tangible steps to address drug pricing. (STAT)

Pfizer said it will develop a new COVID-19 vaccine targeting the delta variant. The company also released new study results showing that a third dose of the original vaccine, given six months after inoculation, was effective against the beta variant. (The New York Times)

Fully vaccinated students and teachers don’t need to wear masks in school in the fall, the Centers for Disease Control and Prevention advised. Unvaccinated people should, however, continue to wear masks in school. (Politico)

Africa is facing a surge in COVID-19 cases as the delta variant spreads, with more than 250,000 cases the week ending July 4 – a 12% increase from the January peak. Fewer than 2% of people have been vaccinated across the continent, due to lagging international vaccine distribution. (CNBC Weekly)

Tobacco company Philip Morris said it will acquire Vectura for $1.5 billion, in a move away from smoking and toward inhaled therapeutics. “The market for inhaled therapeutics is large and growing rapidly, with significant potential for expansion into new application areas,” Philip Morris CEO Jacek Olczak said. (Endpoints News)