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MARKETS
NASD gets $110 mil bid for Amex
GTCR Golder Rauner, a Chicago-based investment firm, will buy the No. 3 stock exchange. The Chicago Board Options Exchange expressed interest, but it came too late. NASD bought the Amex in '98. But NASD has gotten out of running exchanges to focus on securities regulation. It spun off Nasdaq and put Amex on the block in '00.
Venture valuations keep falling
The Q1 median value of venture-backed firms edged down to $10 mil from Q4's $10.2 mil, said VentureOne. The value of firms in early-stage financings, which had been rising, plunged to $4.8 mil from $6 mil in Q4, the worst since '95. But profitable firms had a median value of $22.6 mil, the best since Q4 '01.
MEDICAL
Cholesterol drugs may cut cancer