Streptococcus pneumoniae is a gram-positive bacterium that is a major cause of pneumonia. It was first isolated in the late 19th century by Sternberg and Pasteur. It is facultatively anaerobic and causes diseases like pneumonia, meningitis, and sepsis. Virulence factors like its polysaccharide capsule and pneumolysin toxin allow it to evade the immune system and cause lung damage. It is transmitted through respiratory droplets. Pneumonia is most common in young children and the elderly. Prevention methods include vaccination and treatment with antibiotics like penicillin for susceptible strains.