CONFIDENTIAL | INFORMATION | APRIL 2026

Invest in the entire peptide value chain.

Three layers. Two engines. One thesis. Peptidal is an AI driven investment vehicle built around one conviction: the peptide value chain will absorb the largest share of pharmaceutical revenue growth this decade, and capital has only just begun to follow.

UNIVERSE
35+ names
VALUE CHAIN
3 layers
STRATEGY
AI bot + ventures
STRUCTURE
Wholesale only
LLY$50B GLP-1 run rate
NVOWegovy & Ozempic
VKTXVK2735 oral and injectable
HIMS2.5M subscribers in 2026
LFMDTelehealth weight loss
CTLTAcquired by Novo for $11B
BANBMulti tonne capacity build
SUPERPOWER$300M post money valuation
TAM 2030$200B+ GLP-1 alone
LLY$50B GLP-1 run rate
NVOWegovy & Ozempic
VKTXVK2735 oral and injectable
HIMS2.5M subscribers in 2026
LFMDTelehealth weight loss
CTLTAcquired by Novo for $11B
BANBMulti tonne capacity build
SUPERPOWER$300M post money valuation
TAM 2030$200B+ GLP-1 alone
THE OPPORTUNITY

The peptide value chain runs three layers deep.

Most investors trade peptides through Lilly and Novo at the top of the chain. They miss the manufacturers running at capacity behind them, and the consumer brands selling the prescriptions out the front. Three layers, one demand curve.

LAYER 01

The drugs themselves.

Lilly and Novo are doing roughly $50B in combined GLP-1 sales. Behind them, thirty plus mid and small caps are running peptide programs across metabolic, cardiometabolic and obesity adjacent indications.

LLY · NVO · VKTX · ALT · GPCR · AMGN · ROG · + 20 more
LAYER 02

The capacity to make them.

Bachem moved peptide API production from kilos to multi tonne territory. CordenPharma committed $981M of expansion. Novo paid $11B for Catalent's fill-finish lines outright. The bottleneck is priced, the build out is documented.

CTLT · BANB · PPL · CordenPharma · oral platforms
LAYER 03

The companies selling them.

Hims hit a $10B+ market cap on GLP-1 compounding revenue, then halved on a single FDA shortage list shift. Now pivoting into branded LLY and NVO partnerships. The volatility is the trade.

HIMS · LFMD · WW · Ro · Mochi · Superpower · Henry · Eden
THE NUMBERS

The category is already this big.

Not a forecast. The capital flow, the manufacturing constraint and the consumer revenue are printing right now. The mispricing is in how concentrated equity coverage of it remains.

$200B+
GLP-1 category TAM by 2030
Industry consensus across major banks
$50B
Combined Lilly + Novo run rate
Trailing four quarter GLP-1 revenue
+399%
Lilly stock, last five years
First pharma to a $1T market cap
2027
Earliest year capacity catches demand
CDMO sector capex disclosures
THE VEHICLE

Every dollar of fund capital, working at three speeds.

A liquid trading sleeve, a private ventures sleeve, and a single operating subsidiary. All three deployed in parallel inside one Australian wholesale unit trust. Full structural detail in the Information Memorandum.

PEPTIDAL FUND Wholesale Unit Trust SLEEVE 01 · LIQUID The Peptidal Bot 70% Liquid public equity, daily rebalance SLEEVE 02 · PRIVATE Peptidal Ventures 25% Selective private positions, side pocket SLEEVE 03 · OPERATING AU Clinic OpCo 5% Wholly owned subsidiary, cash flow back RETURNS · NAV · UNIT-HOLDERS
THE ENGINE

One AI engine. Two bots.

One signal infrastructure, two products. A multi catalyst peptide bot covering the whole value chain, and Tretidal, the live single catalyst sub strategy. Same engine, different mandates.

UNIVERSE
35+ names
DATA POINTS
1,200+ daily
SIGNAL DOMAINS
8 covered
REBALANCE
Daily
SIGNAL DOMAINS
Clinical Regulatory Manufacturing Prescription Microstructure Sentiment Macro Proprietary
IN DEVELOPMENT
BOT 01

Peptidal Multi-Catalyst Bot

The broader peptide bot. Long and short across the entire value chain. Catalysts on the drugs, capacity signal on the manufacturers, prescription momentum on the consumer names.

MandateLong / short equity
Universe35+ peptide names
StatusIn development
LIVE
BOT 02

Tretidal Single-Catalyst Bot

The original. Concentrated catalyst aware sub strategy on Lilly across the retatrutide sequence. Available as a focused product for investors who want the concentrated exposure.

MandateSingle stock catalyst
FocusLLY / retatrutide
CATALYST SEQUENCE

A 36 month event calendar.

The peptide value chain offers a stacked sequence of catalysts across all three layers. The bot trades the calendar, ventures positions ahead of it.

Q2 TO Q4 2026
TRIUMPH retatrutide readouts MOLECULE
Seven more Phase 3 readouts in the Lilly retatrutide program. Each event reduces binary risk and lifts the price floor on the broader high beta peptide cohort.
H2 2026 / Q1 2027
Novo amycretin and Viking VK2735 oral readouts MOLECULE
Next generation peptide readouts. The first credible reads on whether the molecule layer broadens beyond Lilly and Novo, and whether oral peptides are real.
2027 ONWARDS
CDMO capacity comes online MANUFACTURING
CordenPharma, Bachem, Novo's Catalent integration. The first quarter where supply meaningfully outruns demand is the manufacturing layer inflection.
LATE 2027 / EARLY 2028
First retatrutide FDA decision MOLECULE
The defining single catalyst at the top of the value chain. Approval revalues LLY directly and lifts comparable mid caps across the universe.
VENTURES

Same thesis. Private markets.

Selective positions in companies the bot can't reach because they aren't listed. Capped at roughly 25% of fund capital and side pocketed inside the trust so the liquid engine drives quarterly performance.

PRE IPO BIOTECH

Late stage peptide therapeutics

Co investment alongside established biotech VCs in Phase 2 and 3 metabolic and cardiometabolic peptide assets approaching IPO.

DELIVERY & SUPPLY

Manufacturing & oral platforms

Early equity in oral peptide platforms, depot formulations, and selective CDMO capacity expansion plays.

CONSUMER INFRASTRUCTURE

DTC peptide operators

Private positions in peptide and longevity DTC companies not yet listed. Superpower, Mochi, Ro, Henry, Eden tracked.

Plus one operating venture. A wholly owned Australian peptide telehealth clinic, held in an OpCo subsidiary. Subscription cash flow back into the fund and direct exposure to the consumer layer.
THE COVERAGE

The peptide thesis is everywhere.

Sell side analysts, business press, regulators, operators, creators and clinicians are all converging from different angles. A curated sample.

CNBC APR 2026
RFK Jr.'s peptide policy could boost Hims & Hers as its GLP-1 business evolves
CNBC Health ↗
JPMORGAN APR 2026
JPMorgan initiates Hims & Hers at Overweight, $35 price target on GLP-1 outlook
Investing.com ↗
FIERCE PHARMA 2024-26
CordenPharma commits $981M to expand GLP-1 manufacturing capacity in Europe and the US
Fierce Pharma ↗
OUTSOURCED PHARMA DEC 2025
GLP-1 capacity questions persist into 2026; total category sales projected over $200B by 2031
Outsourced Pharma ↗
SACRA 2025
Superpower closes $30M Series A at $300M+ post money, building the AI peptide infrastructure for mainstream wellness
Sacra ↗
BACHEM 2025
GLP-1 demand has moved peptide API production from kilograms into multi tonne territory
Bachem Knowledge Center ↗
VIDEO COMMENTARY

Independent creators, clinicians and finance commentators on the peptide thesis. Tap to play.

THE STRUCTURE

Wholesale unit trust. Built for hybrid mandate.

Australian wholesale unit trust open to s708 sophisticated investors only. Liquid sleeve, side pocketed ventures sleeve, operating subsidiary held inside the trust. Full structural detail in the Information Memorandum.

PLAIN READING

Spread across three layers. Concentrated in one thesis.

Peptidal isn't macro diversified. If GLP-1 demand softens or a class wide safety signal materially changes the prescribing picture, all three layers move together. That correlation is the point. Investors looking for high conviction, multi mechanism exposure to the peptide value chain are the audience this vehicle is built for.

INVESTOR ENQUIRIES

Request the Information Memorandum.

Peptidal is currently in formation. We are speaking with prospective cornerstone investors, family offices and wholesale allocators ahead of first close.

What you will receive.

Qualified wholesale enquiries receive the Information Memorandum, the Peptidal universe and methodology overview, and a scheduled briefing with the founding team.

  • Information Memorandum under NDA
  • Bot methodology and signal architecture
  • Three layer universe and tracked private positions
  • Capital allocation and side pocket structure detail
  • Direct briefing with the founding team
Wholesale clients only. All enquiries handled confidentially. Response within 48 hours.

Thank you.

Your enquiry has been received. A member of the Peptidal team will respond within 48 hours with next steps and the Information Memorandum under NDA.

IMPORTANT DISCLAIMERS

Read these before proceeding.

The following disclaimers form part of the information presented on this website. By continuing to view this website, you confirm that you have read, understood and accepted these terms. Click any heading to expand.

GENERAL DISCLAIMER
This website is provided for informational and discussion purposes only. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, financial product or investment strategy. Nothing on this website should be relied upon for accounting, legal, tax or investment advice. Prospective investors must consult their own independent legal, financial and tax advisers before making any investment decisions.
AUSTRALIAN FINANCIAL SERVICES LICENCE
Peptidal Pty Ltd (ABN pending) does not currently hold its own Australian Financial Services Licence (AFSL). Peptidal operates as a Corporate Authorised Representative under the AFSL of its sponsoring licence holder. Details of the authorising AFSL holder will be provided upon request and in any formal offer documentation. This website does not constitute financial product advice within the meaning of the Corporations Act 2001 (Cth). No offer of financial products will be made until all required licensing, disclosure and regulatory obligations have been satisfied. Any future offer will be made only to wholesale clients as defined in section 761G of the Corporations Act 2001 (Cth) and will be accompanied by a compliant Information Memorandum.
THIRD PARTY DATA AND FORWARD LOOKING STATEMENTS
Market sizes, revenue projections, capacity figures and analyst price targets referenced on this website are sourced from publicly available third party research, company filings and trade press, and represent those parties' opinions and estimates as at the dates indicated. They are not Peptidal's projections and should not be interpreted as such. These figures may change without notice and may not be achieved. This website also contains forward looking statements regarding market size, clinical trial outcomes, manufacturing capacity, regulatory timelines and consumer demand. These involve substantial risks and uncertainties that may cause actual outcomes to differ materially. Past performance of any asset, fund or strategy is not indicative of future results.
RISK FACTORS
Investing in algorithmic trading strategies and private investments involves substantial risk of loss, including the potential loss of all capital invested. The value of investments can go down as well as up. Specific risks include but are not limited to: clinical trial failure or delay, regulatory rejection, manufacturing supply disruption, technology malfunction, cybersecurity breach, market volatility, liquidity constraints, side pocket lock up, counterparty risk, key person risk, operating subsidiary failure, and changes in law or regulation. Investors should not invest more than they can afford to lose. This website does not purport to contain all information that a prospective investor may require. Any indicated backtest figures or strategy descriptions are illustrative and hypothetical. Hypothetical performance has inherent limitations.