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. 10OCTOBER 2025

Volume 2, Number 10

October 2025

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

60 pieces in the issue·110 also filed·31 contributors·139,827 words

Previous
Sep 2025
Volume
II

Editor’s letter

A publication is a set of habits. Ours are: state the estimand; name the method; count the unanswered requests; print the correction with the same prominence as the error; and never describe as verified anything we have not seen. None of that is difficult. All of it is the difference between a magazine and a newsletter with opinions.

In this number, 60 pieces across 8 departments, with 110 further dispatches filed from the newsroom and 31 contributors on the page. We lead with Harriet Oduya on The evidence base is one secondary analysis, several small studies and a large amount of extrapolation from bariatric surgery and set beside it Evander Sittig in The Supply Chain. Part 11 of The Purity Question continues on the inside pages.

I keep returning to the observation that this is a manufacturing story before it is a clinical one. The molecules were characterised twenty years ago and the pharmacology is not seriously contested. What is contested — potency, sterility, provenance, price, availability — all happens between a reactor and a vial, and that is a beat with documents, suppliers, freight and margin in it rather than a beat with opinions.

As always, disagreement is welcome and is printed. Write to letters@compoundjournal.com; factual challenges go to standards@compoundjournal.com and reach our standards editor before they reach me.

Contents

60 pieces

Pharmacology

8

Why receptor selectivity is the least discussed number in incretin pharmacology

The class is described as though every molecule in it did the same thing. At the receptor, they demonstrably do not.

Anneke van der Molen
1257 words

The glucagon receptor arm, and why it is the hardest to reason about

A dual agonist is one molecule with two receptor activities. A co-formulation is two molecules in one pen. The coverage treats…

Delphine Ruzek
1508 words

Attribution is the hard part

Rapid weight loss by any means raises gallstone risk. Separating that from a direct drug effect requires a comparator, and the…

Delphine Ruzek
1284 words

Non-responders, and the honest state of the evidence about them

The mechanism is well described. The variance is not.

Anneke van der Molen
1113 words

Target dose, effective dose, and the distance between them

The dose-response curve in this class flattens near its top. That has direct consequences for whether the final rung is worth…

Priya Ramanathan, PharmD
1564 words

Why the fifth week of a mazdutide dose feels different from the first

The exposure curve explains the timing of both the benefit and the side effects. It is almost never shown to the person injecting.

Yuki Morishita
1234 words

Vagal afferents, the area postrema, and the anatomy of nausea

Receptor expression maps explain the effect profile better than any dose-response curve.

Delphine Ruzek
1479 words

Forty-four per cent: reading the nausea figure properly

Trial adverse-event tables count episodes reported to a study nurse. They are the best data we have and they systematically…

Yuki Morishita
1543 words

The Supply Chain

8

What we asked twenty suppliers about stability data

Storage instructions in this market are close to uniform and almost never accompanied by the study that would justify them.…

Ruslan Yevtushenko
1786 words

Reproducibility, measured rather than assumed

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

Evander Sittig
3069 words

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

The masking phenomenon known as low endotoxin recovery means a formulation can return a clean result while containing endotoxin…

Inés Abernathy
1429 words

How a claim degrades between the bench and the listing

The Journal does not treat a badge as evidence and states so wherever it reports one.

Noor Haddadin
1737 words

Repackaging, subdivision, and the batch number that changed hands

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…

Orla McCaffrey
1832 words

Date of analysis, date of manufacture, and the gap between them

What happens to traceability when bulk material is subdivided, repackaged and relabelled two or three times before sale.

Orla McCaffrey
2080 words

What Medutest charges to answer the pyrogen question

The masking phenomenon known as low endotoxin recovery means a formulation can return a clean result while containing endotoxin…

Lucía Berenguer
2927 words

Six words a verification badge would need to mean anything

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

Evander Sittig
1484 words

Clinical Trials

8

What the older diet-and-exercise trials found in the hip

The evidence base is one secondary analysis, several small studies and a large amount of extrapolation from bariatric surgery.

Harriet Oduya
2817 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…

Harriet Oduya
1673 words

A year after stopping: what the trials found at the far end

The variance around the mean regain trajectory is large and unexplained, exactly as it is for the weight loss.

Harriet Oduya
1428 words

Eating enough protein on a suppressed appetite is an arithmetic problem before it is a nutritional one

The resistance-training and energy-deficit literature supports a higher protein intake. None of it was conducted in people…

Marguerite Vasseur
1598 words

Load, not cardio: the distinction the general advice keeps losing

Mass and function are different endpoints and training affects them differently. Most coverage treats them as one.

Yuki Morishita
1798 words

What the pharmacokinetics permit and what they cannot tell you

The schedules in circulation, described accurately, with their evidentiary status attached.

Jonas Arvelo
2699 words

Not everybody regains at the same rate, and nobody knows why

The variance around the mean regain trajectory is large and unexplained, exactly as it is for the weight loss.

Yuki Morishita
1918 words

The supplement trade found this drug class quickly, and the citations did not improve

A survey of what the meta-analyses support, with the populations named.

Harriet Oduya
1649 words

Analytics

7

Size exclusion sees the thing reversed-phase dissolved

Where two methods disagree, the conservative convention is to report the lower figure. It is not universal, and whether a…

Roshan Devakumar
1980 words

What a batch number is supposed to mean

What happens to traceability when bulk material is subdivided, repackaged and relabelled two or three times before sale.

Orla McCaffrey
1589 words

The badge is about a sample. The listing is about a product.

The Journal does not treat a badge as evidence and states so wherever it reports one.

Félix Oyarzún
1517 words

Two analysts, one chromatogram, two answers

Chromatographic software does not integrate every fluctuation in the baseline. It applies a threshold, and the threshold changes…

Wren Kealoha
1621 words

Reading a certificate as a document rather than as a score

Nothing on this page is difficult. It is simply unfamiliar, and unfamiliarity is what makes a weak certificate look like a…

Wren Kealoha
2814 words

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

The Journal has read several hundred certificates from twenty companies. We set out what the documents actually cover, and what…

Félix Oyarzún
1890 words

The badge economy, and what it is actually certifying

A badge asserts that something was tested. It does not assert what, when, on whose sample, by what method, or whether the lot on…

Félix Oyarzún
1727 words

Patient Notes

7

What a low result means when intake has halved

Reduced intake is a plausible mechanism for deficiency. Reduced absorption is not, and the two are conflated in most of the…

Perpetua Nwachukwu
1810 words

Percentage of loss, absolute kilograms, and the sleight of hand between them

A substudy powered to describe a mean is not a substudy powered to detect a clinically meaningful individual change.

Héctor Valmorida
1644 words

Storage after reconstitution, and the evidence behind the numbers

The air shot before a pen injection removes air from the cartridge and confirms flow. Skipping it can mean a materially reduced…

Imogen Thackeray
1756 words

What SELECT 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.

Imogen Thackeray
1886 words

The ceiling is a tolerability finding, not an efficacy one

Higher doses of these molecules have been studied. In general they produced modest additional efficacy and disproportionate…

Héctor Valmorida
2029 words

Diminishing returns, quantified

Escalation beyond the label is common in this market. Reporting that it happens is not the same as reporting that it works.

Gabriel Ntonga
1341 words

What the placebo arms of the withdrawal trials actually tell us

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

Tamsin Okonjo
1679 words

The Ledger

7

Blind duplicates: what happens when a laboratory does not know it is being watched

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

Noor Haddadin
2039 words

Randomised withdrawal is the cleanest design in this field and the least discussed

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

Harriet Oduya
1881 words

The dose that got you here and the dose that keeps you here

A survey of the maintenance evidence, which is shorter than the survey of the withdrawal evidence.

Imogen Thackeray
1946 words

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

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

Teodor Lindqvist
2896 words

Six words a verification badge would need to mean anything

A badge asserts that something was tested. It does not assert what, when, on whose sample, by what method, or whether the lot on…

Noor Haddadin
1970 words

What happens when the drug is taken away: three randomised answers

A withdrawal trial answers a narrower question than it appears to. This piece states which question.

Teodor Lindqvist
1709 words

How a claim degrades between the bench and the listing

The Journal does not treat a badge as evidence and states so wherever it reports one.

Noor Haddadin
1549 words

Laboratory Notebook

7

Mean kinetic temperature is not the average temperature

The compendial definitions of cold, controlled cold and controlled room temperature permit specified excursions, and knowing the…

Perpetua Nwachukwu
1760 words

Two sessions a week, and the evidence behind the prescription

Mass and function are different endpoints and training affects them differently. Most coverage treats them as one.

Nikolaj Brandvold
1820 words

Freezing a reconstituted vial: the ice-water interface problem

Bacteriostatic water contains benzyl alcohol at 0.9 per cent, which inhibits microbial growth in a preserved multiple-dose…

Callum Brathwaite
2075 words

Tandem mass spectrometry, and the difference between weighing and reading

The Journal’s standing position: a mass that matches is necessary evidence of identity and nowhere near sufficient.

Félix Oyarzún
2928 words

Leucine, isoleucine, and a difference no balance can measure

Deamidation adds 0.98 daltons. On a low-resolution instrument at incretin molecular weights, that is inside the noise.

Perpetua Nwachukwu
1536 words

Container closure integrity, and the tests that actually probe it

A sterile product is sterile only for as long as its container closure system excludes the outside world. Integrity is testable,…

Lucía Berenguer
1514 words

What Medutest charges to answer the pyrogen question

The masking phenomenon known as low endotoxin recovery means a formulation can return a clean result while containing endotoxin…

Félix Oyarzún
1495 words

Explainers

8

How to check a certificate in ten minutes

What each missing test would cost to add, and which of them a buyer should actually want.

Salomé Adeyemi
1552 words

Choosing a needle for a subcutaneous peptide

A 4 mm needle at ninety degrees without a skin pinch is adequate for essentially all adults. The persistence of 12.7 mm needles…

Salomé Adeyemi
2384 words

Why purity is the cheapest number to flatter

Peptide content, identity, aggregate burden, moisture and endotoxin are all more informative for some purposes. All of them cost…

Delphine Ruzek
1648 words

Diminishing returns, quantified

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

Marguerite Vasseur
1695 words

Dual, triple, co-formulated: a taxonomy the coverage keeps collapsing

Head-to-head data exists for some of these comparisons and not for others. This piece says which.

Salomé Adeyemi
1313 words

When a template becomes a misrepresentation

A PDF carries metadata about the software that produced it, and that metadata is frequently more informative than the content.

Salomé Adeyemi
1967 words

Severity grading, and the gap between a grade and an experience

Severity in these tables is graded by interference with activity, not by how unpleasant the experience was. Those are different…

Héctor Valmorida
2306 words

What a purity certificate is silent about

A purity figure is silent on peptide content, on water, on counter-ion, on sterility, on endotoxin and on stability. Each of…

Marguerite Vasseur
1596 words

Contributors to this issue

PN

Perpetua Nwachukwu

Contributing Writer, Laboratory Medicine

Perpetua Nwachukwu is a chemical pathologist. She writes the Journal’s bloodwork coverage: what a panel measures, what…

IA

Inés Abernathy

Editor-in-Chief

Inés Abernathy founded The Compound Journal in January 2024 after eleven years covering pharmaceutical manufacturing…

AS

Aurelio Sanmartín

International Correspondent, Latin America

Aurelio Sanmartín reports on access, pricing and regulation across Latin America — the region where the gap between a…

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…

HV

Héctor Valmorida

Contributing Writer, Injection Practice

Héctor Valmorida is a nurse and diabetes educator who has taught injection technique for fifteen years. He covers the…

HO

Harriet Oduya

Data Editor

Harriet Oduya builds the Journal’s datasets and checks its arithmetic. She is the reason the Journal reports both the…

RD

Roshan Devakumar

Senior Writer, Manufacturing

Roshan Devakumar covers synthesis and scale: solid-phase versus hybrid routes, coupling reagents, the economics of a…

JA

Jonas Arvelo

Senior Fact Checker

Jonas Arvelo runs the fact-checking desk with Wren Kealoha. Every number, name, date, dose and citation in a feature…

SA

Salomé Adeyemi

Staff Writer

Salomé Adeyemi covers the body-composition question: what happens to lean mass on a rapid weight-loss trajectory, what…

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…

FO

Félix Oyarzún

Contributing Writer, Analytics

Félix Oyarzún writes about identity confirmation: high-resolution mass spectrometry, isotope patterns, the difference…

Also filed

the rolling newsroom, October 2025