GLOBAL RESEARCH ARCHIVE
Invite: Corporate Access – Field Trip: Barclays to Host: Boston Biotech Bus Trip 2026
Research evidence excerpt
Invite: Corporate Access – Field Trip: Barclays to Host: Boston Biotech Bus Trip 2026
Etzer Darout, PhD, MBA, is a Managing Director and equity
research analyst covering the U.S. Small and Mid-Cap
Biotechnology sector, with over 10 years of sell-side
research experience. Before joining Barclays in June 2025,
Etzer spent three years at BMO Capital Markets as a
Managing Director and senior equity research analyst
covering the Biotechnology sector. Prior to his career on
Wall Street, he spent seven years at Pfizer, researching and
developing therapies for cardiovascular and metabolic
diseases. He graduated from Rutgers University with a PhD
in Organic Chemistry followed by post-doctoral research
at Scripps Research Institute in Jupiter, FL. Etzer also
holds an MBA from the UNC Kenan-Flagler Business
School.
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Eliana Merle, CFA, joined Barclays in November 2025 as an
Equity Research Analyst to cover U.S. Small & Mid Cap
Biotechnology. She has over a decade of sell-side equity
research experience in the sector; most recently, Ellie
worked as a Senior Equity Research Analyst at UBS in
Biotechnology for five years. Prior to that, she also
covered Small & Mid Cap Biotechnology at Cantor
Fitzgerald and held positions at Credit Suisse and
Deutsche Bank in Biotechnology Equity Research. Ellie
graduated from Pomona College with a degree in
Economics.
Emily Field, CFA is a Director and Head of U.S.
Biopharmaceuticals equity research at Barclays. Joining
the bank’s London office in 2017, she previously served as
Head of the European Pharmaceuticals team, earning a #4
individual ranking in European Pharmaceuticals &
Biotechnology in the 2025 Extel survey. With more than
two decades experience across both buy-side and sell-side
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