(Finance) – Banco BPM has perfected a financing operation of 7 million euros in favor of Altergon Italia Srl, Company that has been operating for more than 20 years in the pharmaceutical industry sector, reaching an international leadership position. Founded in 2001 in Morra de Sanctis, in the province of Avellino, Altergon Italia represents a center of excellence and innovation for the production of medicated patches and the biotechnological production of ultra pure hyaluronic acid.
In its business, the company uses innovative and effective systems, highly automated, conceived for the formulation and production of medicated patches and biotechnological products for fermentative (bees), such as highly purified hyaluronic acid, a component of the connective tissues used in medicine in the degenerative or traumatic pathologies of the joints or in the sector of aesthetic dermatology. In addition, recently, the company has engaged in an innovative diversification in the diagnostic sector. Altergon Italia She managed to establish itself on the world markets with the very high technology that distinguishes its plants and processes, thanks to a very close collaboration with the academic world and research, while operating from an internal area of the South of Italy where there was no “culture” For this sector.
The credit line granted by Banco BPM, lasting 36 months, it will allow to support part of the growth plan promoted by Altergon Italia: the modernization and extension of the production plant and new investments in research and development.
“We are among the very few companies in the world authorized for the Hydrogel matrix and for hyaluronic acid we are unique in the top quality. I am happy that an initiative was born in the area of the crater of Irpinia so distinctly of success that the competitors challenge World Cup “declares Salvatore Cincotti, CEO of Altergon Italia.
“Banco Bpm intends to be a reference interlocutor for companies and entrepreneurs of the area, through a targeted, timely and high degree of specialization and personalization service – he commented Luca Mazzini, head of the Central South Territorial Directorate of Banco Bpm -. This operation demonstrates, once again, the attention that our Bank devotes to those virtuous companies that, like Altergon Italia, believe and invest in their territories, managing to achieve, at the same time, a leading role at international level “.