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Dr. Reddy's enters into definitive agreement to acquire Nimbus Health GmbH

03 Feb 2022 Evaluate

Dr. Reddy's Laboratories has entered into a definitive agreement to acquire Nimbus Health GmbH (Nimbus Health). Nimbus Health is a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis in Germany. Dr. Reddy's will acquire Nimbus Health for an upfront payment plus performance and milestone-based earn-outs over the next four years.

The acquisition will allow Dr. Reddy's to build on Nimbus Health's strengths and introduce medical cannabis-based medicines as a promising treatment option for patients. The company will be operating under the brand Nimbus Health and as a wholly-owned subsidiary of Dr. Reddy's.

Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.

Dr. Reddys Lab Share Price

1279.80 8.85 (0.70%)
06-May-2026 09:34 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1823.45
Dr. Reddys Lab 1279.80
Cipla 1336.80
Zydus Lifesciences 920.60
Lupin 2360.15
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