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Dr Reddy’s Steps Into 'Must-Be' Medical Cannabis Segment With German Deal

 
• By Anju Ghangurde

Dr Reddy’s enters high-potential medical cannabis fray with the acquisition of Nimbus Health in Germany. The segment has seen a flurry of activity over the recent past, including the $7.2bn acquisition of pioneer GW Pharmaceuticals.

biz challenge
Dr Reddy's tiptoes into medicinal cannabis arena • Source: Alamy

Dr. Reddy's Laboratories Ltd. has delivered on its intent to sew up acquisitions across multiple key international markets, kicking off with a deal to buy German medical cannabis firm Nimbus Health GmbH.

The Indian company joins a growing pharma line-up keen to tap into a segment that has seen significant traction following...

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