{"id":20954,"date":"2022-02-03T17:42:59","date_gmt":"2022-02-03T12:12:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-dr-reddys-acquisition\/"},"modified":"2022-02-03T17:42:59","modified_gmt":"2022-02-03T12:12:59","slug":"biz-dr-reddys-acquisition","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-dr-reddys-acquisition\/","title":{"rendered":"Dr. Reddy&#8217;s to acquire German medical cannabis firm Nimbus Health GmbH"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-382408340\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       Hyderabad, Feb 3 (PTI) Dr Reddy&#8217;s Laboratories Ltd on Thursday announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3117790164\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        A press release from the Indian drug maker said Dr Reddy&#8217;s will acquire Nimbus Health for an upfront payment plus performance and milestone-based earn-outs over the next four years.<\/p>\n<p>          Founded in 2018, Nimbus Health is one of the pioneer companies for medical cannabis in Germany. The acquisition will allow Dr. Reddy&#8217;s to build on Nimbus Health&#8217;s strengths and introduce medical cannabis-based medicines as a promising treatment option for patients, it said.<\/p>\n<p>        Patrick Aghanian, Head of European Generics, Dr Reddy\u2019s said, \u201cAs more European countries adopt the usage of medical cannabis, the ability to leverage and access newer geographies will be important.                 We are very excited that with Nimbus joining Dr. Reddy&#8217;s family, together with Linus and Alessandro, we embark on a new, exciting journey of medical cannabis, which supports Dr. Reddy&#8217;s mission of meeting unmet patient needs.&#8221;         Linus Maximilian Weber, Founder and Managing Director of Nimbus Health said, &#8220;We were really excited when Dr. Reddy&#8217;s approached us and recognized Nimbus&#8217;s highly efficient importing, registering, and launching platform for various medical cannabis brands in Germany.<\/p><div class=\"trade-content_5\" id=\"trade-850233171\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        The close alignment between the values of Dr. Reddy&#8217;s and Nimbus gave us the confidence that we can stay focused on the existing business and grow future endeavors together.&#8221; PTI GDK ROH   ROH<\/p>\n<div class=\"trade-after-content\" id=\"trade-4173574983\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Hyderabad, Feb 3 (PTI) Dr Reddy&#8217;s Laboratories Ltd on Thursday announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis. A press release from the Indian drug maker said Dr Reddy&#8217;s will acquire Nimbus Health for an upfront payment [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-20954","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dr. Reddy&#039;s to acquire German medical cannabis firm Nimbus Health GmbH - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-dr-reddys-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dr. Reddy&#039;s to acquire German medical cannabis firm Nimbus Health GmbH\" \/>\n<meta property=\"og:description\" content=\"Hyderabad, Feb 3 (PTI) Dr Reddy&#8217;s Laboratories Ltd on Thursday announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis. 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