2023 Springboard Corner: A Year in Review

Jan 4, 2024

Springboard

A YEAR IN REVIEW

It’s 2024, Happy New Year and welcome back to the Springboard Corner!

Despite 2023 being a somewhat challenging and mixed year, Springboard companies nonetheless received funding, achieved critical milestones, and continued to grow and scale their companies. Here are some of those achievements this past year.

SPRINGBOARD CORNER REVIEW 2023
Springboard 2023 Breakdown 1
Funding Sources Springboard 2023 Connect
1 Company Acquired

Founded in 2017, DTx Pharma was acquired by Novartis for $500M plus an additional $500M upon completion of pre-determined milestones. Did you miss how in six years, this homegrown company went from being a scrappy startup to being among one of the largest San Diego acquisitions in 2023? Be sure to check out The Dtx Journey, read more here.

Springboard Corner Connect Eleven Companies

Over 11 companies secured new partnerships or agreements which resulted in e.g., more patients having access to innovative healthcare tests and services; increased number of insurance payer plans agreeing to cover novel diagnostics for their members; and launching of the country’s first commercially available quantum network, among others.

SPRINGBOARD CORNER REVIEW 2023 16 companies 800x400

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Medical device company, Carlsmed, has received Breakthrough Device recognition by the FDA for their aprevo® technology

Inhibrx logo Connect San Diego

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Clinical-stage biotech company, Inhibrx, was granted Fast Track Designation by the FDA for its drug candidate, INBRX-101

SPRINGBOARD CORNER REVIEW 2023 16 companies 800x400

doctible

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Recognized as one of the highest-rated software solutions as part of the “Best badge” program from the Gartner network

Formalloy

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CEO and Co-Founder, Melanie Lang, was honored with the 2023 Entrepreneur Award by the Society of Women Engineers

connect springboard 2017 san diego intraratio fundraising program startup business logo

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Honored with the 2023 Mexico Technology Award

connect sdvg san diego venture group cool companies 2017 fundraising program startup business molecular assemblies 2 logo

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Recognized with the 2023 BioServices Innovation of the Year award from BioTech Breakthrough Awards Program

connect springboard 2019 san diego fuse integration fundraising program startup business logo

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Recognized as a 2024 Silver Military Friendly® Employer

MyoGene Bio

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CEO and Co-Founder, Courtney Young, was recognized as one of Biocom's 2023 Life Science Catalyst Awardees

Gryphon Online Safety

Gryphon was awarded a patent by the U.S. Patent and Trademark Office (USPTO); this brings its total number of patents to nine.

We are excited for 2024 and look forward to sharing with you more milestones and accomplishments by Springboard companies in the year ahead!