A majority of public companies based in Central Massachusetts have been stockpiling cash over the past three years, as improved economic fortunes have not triggered more spending.
In the 18 years since Waters Corp. went public, other life sciences companies have expanded their product lines, made opportunistic acquisitions, merged and spun off new entities.
Laboratory equipment manufacturer Waters Corp. of Milford has acquired Nonlinear Dynamics, a U.K.-based maker of proteomics and metabolomics analysis software that it has been working with on a product for nearly two years, according to the two companies.
Milford-based Waters Corp. announced it will fund a new, two-year postdoctoral fellowship at the University of California, San Diego School of Medicine.