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Dr Reddy's Acquires German Pharma Wholesaler Nimbus Health

Dr Reddy's Acquires German Pharma Wholesaler Nimbus Health

The acquisition will allow Dr Reddy’s to introduce medical cannabisbased medicines as a treatment option for patients.

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Dr Reddy’s is looking to expand its footprint in Europe via the acquisition of Nimbus Health, a privately owned, licensed pharma wholesaler from Germany focussing on medical cannabis. The acquisition will allow Dr Reddy’s to introduce medical cannabisbased medicines as a treatment option for patients. The demand for medical cannabis has increased over the years—in Germany, the market is valued at around €122 million, with a CAGR of approximately 55 per cent since 2017.

Published on: Feb 25, 2022, 6:06 PM IST
Posted by: Vivek Dubey, Feb 25, 2022, 5:24 PM IST