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.

Institutions

Sending the same vial twice, under two names

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

Two years ago this department published an anonymised version of a similar comparison, and a reader objected — correctly — that anonymity made the finding unusable. We answered that naming laboratories would convert a methodological result into a league table of honesty, and promised a named comparison with each method printed alongside each result. This is that piece. Every gradient, wavelength, integration threshold and instrument is stated, because the point of naming the services is only defensible if the reader can see why the numbers differ.

Who chose the vial

The identity of the submitter is the single most informative piece of context attached to any third-party report, and it is the piece most often missing when a report is quoted. A test commissioned by a buyer on a vial bought anonymously at retail is a different evidential object from a test commissioned by the vendor on a vial it selected from its own stock. Both are legitimate. They support different inferences, and the difference is not small.

In the buyer-submitted case the vial entered the postal system as an ordinary retail unit and its selection was outside the vendor’s control, which is exactly the property that makes the result informative about what a customer receives. In the vendor-submitted case the vendor chose the vial, knew it was being tested, and will decide whether the result is published. Nothing improper need occur for the second to produce a more flattering picture than the first, and no laboratory can distinguish them from the bench.

The Journal’s practice is to state the submitter type wherever it cites a figure, and to decline to cite a figure where the submitter is unknown. This is more restrictive than the market’s convention and it means we publish fewer numbers. It also means that when we say a result came from an anonymous retail purchase, that claim is doing work.

A laboratory has no sanction

A frequently overlooked asymmetry: none of these services has any authority over a vendor. A laboratory that finds a submitted sample at 91% purity cannot compel a recall, cannot require a retest, cannot publish the finding over the client’s objection without breaching confidentiality, and cannot prevent the vendor from continuing to advertise a figure obtained on a different lot. It can decline further business, which is a real sanction and a slow one.

This is not a shortcoming of the services. Confidentiality to the client is a requirement of the accreditation framework, not an indulgence, and a laboratory that published clients’ results unilaterally would be a worse institution, not a better one. But it means the word verification is doing something the underlying arrangement cannot support: verification in ordinary usage implies a check that can fail with consequences, and here the only consequence of a bad result is that nobody hears about it.

The one structural exception is the public archive. Where a service records that a submission occurred, a vendor cannot quietly discard an unfavourable result, because the fact of the test is on the record even if the detail is not. That is why this article treats the archive as the most important product feature in the sector, and why the Journal’s standing request to all four services is that the existence of a submission be public even where the result is confidential.

Within-laboratory repeatability was good in every case. Between-laboratory reproducibility was not, and every point of the gap is method.

On the blind duplicate exercise

The blind duplicate exercise

Twelve vials, one lot, purchased at retail without disclosure of purpose. Two vials were sent to each of the three assay services under two different submitter names and addresses, so that each laboratory received two nominally unrelated submissions of the same material some three weeks apart. Six further vials were retained. Each service was asked for its standard purity determination at its standard price and turnaround, with no special instructions.

The design tests two distinct quantities that the trade conflates. Repeatability is the agreement between duplicate determinations within one laboratory; reproducibility is the agreement between laboratories. Interlaboratory studies in analytical chemistry consistently find the second to be substantially worse than the first, and the variance decomposition that separates them is standard methodology.1 The distinction between repeatability and intermediate precision is formalised in the validation guidance,2 and multi-site studies in adjacent fields have repeatedly found between-laboratory agreement on identical samples to be the harder problem.3

All three services were informed after the fact, before publication, and each was given the opportunity to comment on its own method as printed and on the comparison as a whole. All three responded. Two supplied additional method detail that has been incorporated. One disputed the framing of the comparison, and its objection is printed in the correspondence below. None of the three asked for its result to be withheld, which the Journal records because it did not have to be that way.

Price and turnaround observed across eighteen submissions by this desk, 2024–2026
AnalysisQuoted turnaroundObserved turnaroundPrice band (EUR, single sample)
Purity, generic gradient3–5 working days4–9 days55–90
Purity, extended gradient5–10 working days7–16 days110–180
Purity + orthogonal confirmation2–3 weeks15–31 days190–320
Identity by intact mass3–7 working days5–12 days45–110
Peptide content by nitrogen1–2 weeks9–22 days160–280
Water by Karl Fischer1 week6–11 days70–130
Peptide mapping / sequence3–5 weeks26–38 days480–950
Prices are the amounts actually invoiced to this publication at list rates between the second quarter of 2024 and the first quarter of 2026, converted where necessary at the rate on the invoice date, and are not quotations any reader should expect. Volume submitters pay materially less. Turnaround is measured from posting to receipt of the report.

What came back

Within-laboratory repeatability was good. The two determinations from each service agreed to within 0.3 percentage points in every case, and to within 0.1 in one, which is about what a well-controlled chromatographic method should deliver on duplicate material and is a genuinely reassuring result.

Between-laboratory reproducibility was another matter. The three services returned figures spanning 2.1 percentage points on material from one lot. Every point of that spread is accounted for by disclosed method differences: gradient duration, integration threshold, the retention-time cut-off defining the solvent front, and whether an orthogonal second gradient was run and the lower figure reported. Rerun the raw data from the shallowest method with the fastest method’s integration threshold and the two figures converge to within 0.4 points, which is the strongest available demonstration that the disagreement is methodological rather than analytical.

Identity results agreed completely: all three found a single dominant species at the expected mass, and none reported evidence of an unrelated compound, which is the ordinary outcome of intact-mass confirmation on submitted material.4 The two services reporting peptide content returned 93% and 91% of label, a difference within the stated uncertainty of nitrogen determination. The material, in short, was what it claimed to be, and the disagreement was confined to the second significant figure of the number the market competes on.5

What this exercise cannot establish

Four limitations, stated because the alternative is letting readers over-read a small study. First, one lot of one compound from one supplier is not a sample from which the performance of these services in general can be inferred; it is an existence proof about method-driven spread. Second, three services is too few for any statistical treatment beyond the descriptive; published round-robin studies of peptide purity use seven or more participants for exactly that reason.6

Third, and most important, the exercise tested reproducibility, not accuracy. All three could be equally wrong: without a certified reference standard of known purity, there is no true value against which to score them, and the compendial approach to validating a purity procedure requires exactly such a reference to establish accuracy rather than mere agreement.7 What we measured is dispersion around an unknown centre, and the same constraint applies to any quantitation attempted without a matched standard.8

Fourth, blind submission tests a laboratory’s ordinary process, which is the point, but it also means we bought the cheapest standard product from each service rather than the most thorough. A comparison of each service’s best available package would be a different and probably more flattering study, and it would tell a buyer less, because almost nobody buys the best available package.

The Journal will repeat the exercise annually with a different compound and, funding permitting, against a certified reference standard. The design is published so that others can run it.

129.26.23.104Cheapest tier9Mid tier11Most detailed…elements of 11
Figure. Report elements present at each tier, counted from the eleven the Journal catalogues. The cheapest tier carries three or four; the most detailed carries all eleven.

Turnaround, price and the trade-off between them

Across eighteen submissions made by this desk over two years, quoted turnaround ranged from three working days to four weeks and observed turnaround from four days to thirty-one. Prices for a standard purity determination on a single sample ranged over roughly a factor of four, and the addition of peptide content by nitrogen determination roughly tripled the cost of the cheapest purity-only tier.

The relationship between price, turnaround and analytical depth is not a scandal; it is arithmetic. A forty-minute gradient occupies an instrument for three and a half times as long as a twelve-minute one, and if the laboratory runs an orthogonal confirmation that doubles again. A written interpretation occupies an analyst. A reproduced chromatogram occupies nobody but requires that the report be assembled by a person rather than exported by software. Every one of those choices is visible in the price.

The consequence for a reader is that price is a proxy for method depth, and a surprisingly good one. Where a report does not state its gradient — and the cheapest tiers frequently do not — the price paid is the best available indirect evidence about how thorough the determination was. That is an unsatisfactory situation and it is improved by a single line on the report rather than by anybody charging differently.

Our own position, stated in full

Janoshik Analytical and PeptideMeter both advertise in The Compound Journal. Both relationships are disclosed by name on our funding page, together with every other sponsor. No advertiser sees editorial copy before publication, no advertiser has any role in commissioning or reviewing coverage, and the analytical-chemistry desk is contractually barred from consulting for any vendor, testing service or compounding pharmacy. This article was edited by the standards desk under the same rules as every other piece in the department.

The Journal also pays these services. We have submitted samples to three of the four on commercial terms, at list prices, and the blind duplicate exercise described above was funded from editorial budget. We are therefore simultaneously a customer of the institutions we are reporting on and a recipient of advertising revenue from two of them. Readers are entitled to weigh that, and the only useful response we can offer is to state it plainly and to publish objections.

Our position on the substance is unchanged by any of it. All four services are legitimate operations and we have no evidence of dishonesty by any of them. The problems this article describes are structural — who commissions testing, who decides what is published, and what a sample can support about a batch — and they would persist unchanged if every person working at all four organisations were beyond reproach. Correspondence to standards@compoundjournal.com.

A third-party report on a vial you selected and posted yourself is strong evidence about that vial. That sentence contains all the qualifications it needs.

What the Journal thinks these services are worth

A summary judgement, since a critical article of this length invites the inference that we think the sector is worthless. We do not. Independent testing in this market is the only mechanism by which a buyer can obtain information about material that is not supplied by the party selling it, and its existence is the difference between a market with some evidence in it and a market with none. Several of the reports these services produce are better documents than the manufacturer certificates they are checking, which is a low bar cleared with room to spare.

The three criticisms we would press are narrow. A sample is not a batch, and the trade cites samples as batches. The party paying for a test decides whether anybody sees it, and the visible corpus is therefore selected. And a badge on a listing has dropped every particular a reader would need. None of these is an analytical failing and none is a failing of the services in isolation; the second and third are properties of the market that surrounds them.

What we would tell a reader is this. A third-party report on a vial you selected and posted yourself is strong evidence about that vial. A third-party report published by the vendor is weaker evidence, of an amount you cannot determine. A badge is not evidence. And nothing in any of the three is a statement about whether anybody should administer the contents to anything.

A verification badge: what it asserts against what a reader needs
Question a reader hasOn a typical badgeOn a lot-linked badge
Which service tested it?Usually statedStated
Which lot was tested?AbsentStated
On what date?AbsentStated
Who submitted the sample?AbsentStated
What was measured?AbsentStated
By what method?AbsentIn the linked report
Is the report readable?AbsentLinked
Does it apply to the lot on sale?Cannot be determinedDeterminable
The four additions that convert the first column into the second — lot, date, submitter and a link — are all known to the vendor at the moment the badge is placed. A minority of listings in this market already carry them, which establishes that the change is practicable.

We will repeat the blind duplicate exercise annually, with a different compound each year and, if we can fund it, against a certified reference standard so that accuracy rather than merely reproducibility can be assessed. The design is published in full so that anybody else can run it, and we would rather be contradicted by a better study than be the only publication that has tried.

References

  1. “Variance components in interlaboratory studies: separating repeatability from reproducibility in chromatographic assays.” Analytical Chemistry. 2020;92(7):5024–5033.
  2. International Council for Harmonisation. Q2(R2): Validation of Analytical Procedures. 2023. Sections on accuracy, precision and the distinction between repeatability and intermediate precision.
  3. “Interlaboratory reproducibility of quantitative measurements on identical samples: lessons from multi-site studies.” Molecular & Cellular Proteomics. 2017;16(4):648–661.
  4. “Identity confirmation of submitted peptide samples in contract analysis: practice, reporting and limitations.” Rapid Communications in Mass Spectrometry. 2018;32(14):1121–1130.
  5. “Interlaboratory comparison of reversed-phase purity determination for synthetic peptides: sources of between-laboratory variance.” Journal of Chromatography A. 2021;1642:462024.
  6. “A round-robin study of purity and content determination for synthetic peptides across seven laboratories.” Journal of Peptide Science. 2019;25(9):e3196.
  7. United States Pharmacopeia. General chapter ⟨1225⟩, Validation of Compendial Procedures. USP–NF. On the reference materials required to establish accuracy as distinct from precision.
  8. “Quantitation by mass spectrometry without a matched reference standard: what can and cannot be claimed.” Journal of the American Society for Mass Spectrometry. 2019;30(6):985–996.

Letters to the Editor

4 printed

Selected from correspondence received on this article. Writers are identified by initial, surname and city, verified before printing. Replies are from the desk that filed the piece or from the standards editor. Write to letters@compoundjournal.com.

You disclose that two of these services advertise with you and then spend four thousand words on structural criticism of the sector they operate in. I cannot decide whether that is admirable independence or an elaborate way of appearing independent. Probably the former. I wanted to say that I noticed the question.

K. Rautio, Tampere

The Journal replies

So do we, every time this department writes about the sector. The only answers we have are procedural: the disclosure, the standards desk edit, the consulting prohibition on the writer, and the practice of printing objections like yours unedited.

Your suggestion that laboratories publish the fact of a submission while keeping the result confidential is the first proposal I have read in this area that a laboratory could actually implement without breaching a client obligation. I have raised it internally.

M. Ferrari, Trieste

The Journal replies

We would be glad to report the outcome either way, including if the answer is no and the reason is commercial. The proposal is only useful if somebody adopts it, and a published refusal is more informative than silence.

Your selection-effect model assumes a supplier publishes results above a fixed threshold. Real behaviour is surely more complicated: a supplier might publish a poor result on a batch it has withdrawn, or publish everything for a period to establish credibility and then stop. The arithmetic is fine and the behavioural assumption is a cartoon.

C. Wilcoxson, Des Moines, IA

The Journal replies

Agreed, and the figure caption now says illustrative arithmetic rather than model. The point survives the simplification, which is that a small amount of selection produces a large apparent effect, but we should not have dressed a demonstration as an estimate.

As a buyer I found the section on who chose the vial genuinely clarifying and slightly deflating. I have been treating vendor-published reports as equivalent to my own submissions for two years, and on your account they are not equivalent by an amount that cannot be measured.

H. Barreto, Recife

The Journal replies

That is the correct reading, and the unmeasurable part is the honest part. We would add only that vendor-published reports are not worthless — a vendor willing to commission testing at all is behaving better than one that will not — they are simply weaker in a specific way.

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