Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Eli Lilly has moved beyond its obesity-led growth narrative with the acquisition of 4E Therapeutics, an Austin-based neuroscience company developing oral, non-opioid therapies for chronic pain.</li><li>The transaction, announced on June 16, 2026, brings Lilly a pipeline of MNK inhibitors designed to target the MNK-eIF4E signaling pathway in peripheral sensory neurons, with the goal of reducing chronic pain without the central nervous system effects associated with many existing pain treatments.</li><li>The lead candidate, 4ET1103, has already entered human clinical testing and showed a favorable safety profile in Phase 1.</li></ul>

Eli Lilly has moved beyond its obesity-led growth narrative with the acquisition of 4E Therapeutics, an Austin-based neuroscience company developing oral, non-opioid therapies for chronic pain.The transaction, announced on June 16, 2026, brings Lilly a pipeline of MNK inhibitors designed to target the MNK-eIF4E signaling pathway in peripheral sensory neurons, with the goal of reducing chronic pain without the central nervous system effects associated with many existing pain treatments.The lead candidate, 4ET1103, has already entered human clinical testing and showed a favorable safety profile in Phase 1.

Eli Lilly's LATEST Takeover: A Bold Non-Opioid Bet Beyond Obesity Drugs!

Eli Lilly & Co

Eli Lilly's LATEST Takeover: A Bold Non-Opioid Bet Beyond Obesity Drugs!