How the method works
High-performance liquid chromatography pushes a dissolved sample through a packed column under pressure. Different molecules interact with the column packing to different degrees, so they travel through it at different speeds and leave it at different times. For a peptide sample that means the intact target sequence, the truncated fragments left over from synthesis, and any other impurities separate into distinct peaks on a chromatogram, each peak recorded as the detector sees the compound elute.
The purity figure is the target peak's share of total peak area. A batch reported at 99.5% means 99.5% of what the detector saw was the intact target sequence. Reversed-phase HPLC is the standard configuration for peptides, and it has been the workhorse for identity, purity and potency control of biomolecules used as drugs since the technique matured.[1]
That framing matters for what follows: the figure is a ratio of what the detector saw. It is not a measure of how much material was in the vial, and it is not a statement about which molecule produced the big peak.

