Vol. 3, No. 6 — June 2026Independent since 2024

TheCompound Journal

Reporting on incretins, compounding & the peptide supply chain

A monthly journal of record.
30 issues · 32 contributors
Not medical advice. We sell nothing.
T H ECOMPOUNDJOURNALVOL. 2 · NO. 9SEPTEMBER 2025

Volume 2, Number 9

September 2025

The month the shortage arithmetic finally caught up with the compounding arithmetic.

60 pieces in the issue·110 also filed·30 contributors·139,338 words

Previous
Aug 2025
Volume
II

Editor’s letter

Every issue of this journal begins in the same argument. Somebody has a number, somebody else has a different number, and the interesting question is never which is correct but what each was a measurement of. That argument is the reason the publication exists, and it is the reason it is a monthly rather than a daily: a fortnight is roughly how long it takes to establish what a figure actually describes.

In this number, 60 pieces across 8 departments, with 110 further dispatches filed from the newsroom and 30 contributors on the page. We lead with Marguerite Vasseur on The published ladder exists because a protocol needed a single number. Practice has never followed it exactly, and the regulatory file never assumed… and set beside it Perpetua Nwachukwu in Laboratory Notebook. Part 9 of Twenty Vendors, Twenty Vials continues on the inside pages.

There is a category of question in this field that the guidance system does not reach: the person who obtained material outside any clinical relationship. Guidance is written for prescribers, dispensers and inspectors, and that person is none of them. We report the gap because it is real and large. We do not attempt to fill it, because a magazine is not a clinician and pretending otherwise would be the single worst thing this publication could do.

If you think a sentence in this issue has outrun its evidence, say so. Roughly one correction in five that we publish arrives from a reader, which is a better hit rate than our own desk manages.

Contents

60 pieces

Pharmacology

7

Background rates, and why they matter for attribution

Pancreatitis is rare, was adjudicated in the outcome programmes, and did not show the imbalance early case reports suggested.

Priya Ramanathan, PharmD
1746 words

The limits of mechanism: why receptor data will not tell you who responds

A catalogue of open questions, with an assessment of how likely each is to be resolved.

Marguerite Vasseur
983 words

Do you need the top of the ladder?

What the trials measured was continuation against withdrawal. What patients want to know is continuation at a lower dose, and…

Delphine Ruzek
1520 words

The limits of mechanism: why receptor data will not tell you who responds

A catalogue of open questions, with an assessment of how likely each is to be resolved.

Delphine Ruzek
1118 words

The interventions with trial support, and the much longer list without

The intervention with the clearest evidence is the one nobody frames as an intervention: adjusting the dose.

Anneke van der Molen
2726 words

The interventions with trial support, and the much longer list without

Dietary measures are widely recommended, plausible on mechanism, and supported mainly by observational data and clinical…

Anneke van der Molen
1323 words

What the trials counted as intolerance

An effect is dose-limiting when it prevents adequate intake, prevents normal activity, or produces a risk of its own. Discomfort…

Salomé Adeyemi
1446 words

The Supply Chain

7

The header, the table and the signature block

The header identifies the batch, the table records the tests, and the footer says who is answerable. Two of the three are…

Orla McCaffrey
1579 words

How a claim degrades between the bench and the listing

Lot-level verification with a public report is a real and achievable thing. It exists in this market, on a minority of listings.

Noor Haddadin
1489 words

A vial can be 99.4 per cent pure and not sterile in the same afternoon

Purity, content, identity, sterility and endotoxin are five separate determinations. A single sheet of paper carrying one of…

Inés Abernathy
1800 words

An interlaboratory comparison nobody had run

The Journal submitted split samples from single lots to three assay services, under names unconnected to this publication, and…

Evander Sittig
2996 words

What Medutest would need in order to certify sterility, and why it does not

A compendial sterility test takes fourteen days of incubation and consumes the containers tested. That timescale is incompatible…

Inés Abernathy
1694 words

Aggregation: the impurity your chromatogram dissolved before it looked

We describe each pathway in enough chemical detail to explain why it is invisible to the method the trade uses, because that is…

Ruslan Yevtushenko
1937 words

LAL, kinetic chromogenic, recombinant factor C: three ways to the same figure

Three compendial method families are in routine use and a fourth, based on a recombinant enzyme rather than crab lysate, is now…

Lucía Berenguer
1649 words

Clinical Trials

7

Why "muscle-sparing" is a marketing term and not a measurement

A tour of the source literatures, with an assessment of how far each legitimately reaches.

Yuki Morishita
1667 words

The shortage years, and what they taught about interruption

Why the reason for stopping changes what happens afterwards.

Marguerite Vasseur
1582 words

The shortage years, and what they taught about interruption

A supply interruption is a discontinuation with no notice, no taper and no plan. That is a distinct clinical situation.

Jonas Arvelo
1435 words

What TRIUMPH-1 tells us about maintenance, and what it does not

Dose reduction is not withdrawal, and the trials that tested withdrawal cannot be read as testing it.

Yuki Morishita
2433 words

What the outcome trials measured in the kidney

Estimated glomerular filtration rate is a calculation with muscle mass in the denominator of its assumptions. In this population…

Jonas Arvelo
1928 words

What a low result means when intake has halved

Micronutrient guidance for this drug class is borrowed almost entirely from post-bariatric surveillance, where the anatomy is…

Anneke van der Molen
1871 words

Every fortnight, every third week, seasonally: an unstudied practice

What the exposure arithmetic says about a fortnightly schedule, and where the arithmetic stops being informative.

Yuki Morishita
1608 words

Analytics

7

Retest date, expiry date, and the two conventions being confused

A document is only as good as the chain that connects it to the material, and most chains here are two or three links longer…

Wren Kealoha
1810 words

Oxidation, and the peroxide that came in with the surfactant

Deamidation, oxidation, aggregation and hydrolysis account for nearly all of what happens to a peptide over time. Each has a…

Orla McCaffrey
1740 words

Bacteriostatic water, sterile water, and the 0.9 per cent that makes the difference

An in-use period is established by a dedicated study on a specific formulation in a specific container at a specific…

Wren Kealoha
1550 words

Same mass, different molecule: why identity by mass is not identity

An isoaspartate rearrangement changes the molecule and not the mass. A method that confirms identity by molecular weight alone…

Harriet Oduya
2321 words

Who signed this, and what did they undertake by signing it

Accreditation is granted for a defined scope of methods. A laboratory can be properly accredited and the test on your…

Orla McCaffrey
2030 words

Same material, different gradients, different answers

Duplicate submissions under different names test within-laboratory repeatability, which is a different quantity from…

Félix Oyarzún
2123 words

Why the independent testing market grew a chemistry arm and not a microbiology one

The absence of microbiological capability in this market is a commercial fact with a straightforward explanation, and it is…

Orla McCaffrey
1627 words

Patient Notes

8

Escalating past the approved maximum, examined honestly

Where the curve flattens, what flattens with it, and what does not.

Salomé Adeyemi
1285 words

The intramuscular injection nobody intended

Skin thickness at the standard injection sites is approximately two millimetres in adults and varies remarkably little with body…

Priya Ramanathan, PharmD
2672 words

Continued treatment against continued placebo: the comparison that settled it

The evidence on stopping is better than the evidence on almost anything else in this field, because somebody deliberately…

Perpetua Nwachukwu
1559 words

What STEP 4 and SURMOUNT-4 actually established

Weight reduction in the long programmes flattens at roughly sixty to seventy-two weeks. The timing is consistent, predictable…

Delphine Ruzek
1534 words

A unit is not a dose, and it never was

Dead space in the needle hub is a real and calculable loss, and it matters more at small volumes than anybody expects.

Imogen Thackeray
1554 words

What STEP 4 and SURMOUNT-4 actually established

What the trials measured was continuation against withdrawal. What patients want to know is continuation at a lower dose, and…

Gabriel Ntonga
1697 words

The lowest effective dose is a real concept with almost no data behind it

What the labels permit, what clinicians do, and the size of the gap between them.

Priya Ramanathan, PharmD
2903 words

Discontinuation rates, read honestly

The ceiling varies severalfold between people, and nothing measurable at baseline predicts where it sits.

Gabriel Ntonga
1692 words

The Ledger

8

SURPASS-3 was built to answer the stopping question, and it did

Three randomised withdrawal designs have tested what happens when treatment stops. Their results are consistent and they are…

Teodor Lindqvist
1494 words

Reproducibility, measured rather than assumed

The Journal submitted split samples from single lots to three assay services, under names unconnected to this publication, and…

Sunniva Ørstavik
3003 words

What a laboratory knows about the material it receives

Chain of custody, in a regulated setting, begins at sampling. Here it begins when the package arrives.

Ruslan Yevtushenko
2089 words

Side effects, cost, supply, target: four reasons with four trajectories

Cost is the modal reason for discontinuation in every dataset we have seen, and it is absent from the clinical literature.

Teodor Lindqvist
1760 words

Three services, one lot, and a spread of two and a half points

Two years ago we ran an anonymised version of this comparison and promised a named one. This is it, with every method printed in…

Noor Haddadin
1553 words

The supply gap as a clinical event

A supply interruption is a discontinuation with no notice, no taper and no plan. That is a distinct clinical situation.

Harriet Oduya
1403 words

We split six vials four ways and posted them

The Journal submitted split samples from single lots to three assay services, under names unconnected to this publication, and…

Sunniva Ørstavik
2929 words

The supply gap as a clinical event

Why the reason for stopping changes what happens afterwards.

Imogen Thackeray
1849 words

Laboratory Notebook

8

EGFR, cystatin C, and the check on the check

The reference interval for alanine aminotransferase in most laboratories is derived from a population that included people with…

Perpetua Nwachukwu
1899 words

Fat mass fell more than lean mass. That is the finding, and it is not the headline.

What was pre-specified, what was exploratory, and what was calculated afterwards by people who did not run the trial.

Perpetua Nwachukwu
2193 words

Why a dry powder is a chemical reactor with the volume turned down

Residual moisture is measured routinely in regulated manufacture, is reported almost nowhere in this trade, and predicts…

Lucía Berenguer
1639 words

The cake tells you something, and it is not purity

Multiple-dose vials are designed for a defined number of punctures. Nobody counts, and the elastomer does not care whether…

Félix Oyarzún
1459 words

In-use periods, and the ones nobody can give you

Sharps disposal is a legal obligation in most jurisdictions and a safety obligation everywhere. Household waste is not a route.

Lucía Berenguer
1408 words

Priming a pen is not optional

Aseptic technique here is four steps and none of them are difficult. They are, however, routinely compressed to two.

Perpetua Nwachukwu
1416 words

The out-of-range flag is a statistical convention with a printer attached

Two sources of noise sit under every number: how reproducible the assay is, and how much the analyte varies within the same…

Lucía Berenguer
2465 words

The shelf life ends when the diluent goes in

At low concentrations a measurable fraction of peptide can adsorb to glass and plastic surfaces, and the loss is largest exactly…

Félix Oyarzún
2042 words

Explainers

8

The label says four weeks. The clinic says whatever holds.

The published ladder exists because a protocol needed a single number. Practice has never followed it exactly, and the…

Marguerite Vasseur
2337 words

Retest date, expiry date, and the two conventions being confused

A document is only as good as the chain that connects it to the material, and most chains here are two or three links longer…

Delphine Ruzek
1573 words

Gallstones during rapid weight loss: drug, or weight loss?

Pancreatitis is rare, was adjudicated in the outcome programmes, and did not show the imbalance early case reports suggested.

Priya Ramanathan, PharmD
1711 words

What the trial protocols permitted, and what the labels omitted

Reducing a dose is not going backwards. In a tolerability-limited class it is the mechanism by which the ceiling is found.

Delphine Ruzek
1665 words

What column temperature does to selectivity

We set out the parameters a method disclosure would contain, all of which are known to whoever ran the sample and none of which…

Marguerite Vasseur
1524 words

Diminishing returns, quantified

Where the curve flattens, what flattens with it, and what does not.

Priya Ramanathan, PharmD
2020 words

The word “confirmed” is doing an enormous amount of work on this certificate

An intact mass measurement establishes elemental composition, at best. The number of distinct sequences consistent with a given…

Delphine Ruzek
1510 words

Retention time is not identity

Matching a retention time against a standard is evidence of consistency, not proof of identity. Two different species can elute…

Delphine Ruzek
1567 words

Contributors to this issue

WK

Wren Kealoha

Fact Checker

Wren Kealoha checks the Journal’s analytics and laboratory coverage: chromatograms against the stated method, mass…

MT

Mei-Lin Tsou

International Correspondent, East Asia

Mei-Lin Tsou covers manufacturing and trade across East Asia: who is building capacity, who is buying protected amino…

CB

Callum Brathwaite

Analytical Chemistry Correspondent

Callum Brathwaite spent fourteen years in contract analytical laboratories, the last six running a peptide…

YM

Yuki Morishita

Staff Writer, Pharmacology

Yuki Morishita writes about exposure: half-lives, accumulation, steady state, albumin binding, why a once-weekly…

OM

Orla McCaffrey

Staff Writer, Analytics

Orla McCaffrey covers the independent testing services — Janoshik, Medutest, PeptideMeter and VendorInvestigate — as…

NH

Noor Haddadin

Supply Chain Editor

Noor Haddadin traces peptides backwards: from the vial to the packager, the packager to the synthesis house, the…

AV

Anneke van der Molen

Senior Writer, Clinical Trials

Anneke van der Molen reads trials for a living and has strong views about the ones people quote without reading. She…

RY

Ruslan Yevtushenko

Contributing Writer, Economics

Ruslan Yevtushenko models the cost stack: API, fill-finish, packaging, cold freight, customs, payment processing, and…

MV

Marguerite Vasseur

Deputy Editor, Science

Marguerite Vasseur ran a receptor-pharmacology bench for six years — GPCR trafficking, mostly, with a two-year detour…

PR

Priya Ramanathan, PharmD

Pharmacy Columnist

Priya Ramanathan is an ambulatory-care pharmacist who has run titration clinics for incretin therapy since 2021 and…

ES

Evander Sittig

Staff Writer

Evander Sittig covers freight, customs and the grey channel: how a parcel moves, where it stops, what a declaration…

LB

Lucía Berenguer

Cold Chain Correspondent

Lucía Berenguer covers stability and cold chain: lyophilised versus solution, mean kinetic temperature, what actually…

Also filed

the rolling newsroom, September 2025