No.
A pill is normally where the led star sits. It is used to center, heatsink and secure the led to the bottom of some reflectors. This unit does not have a pill.
The led star is secured to the end of the aluminum body(tube) by two screws. Under that(through the body) is some aluminum heatsink, thermal compound and the driver, a spring on the driver that connects the + of the cell and at the other end is the tailcap. This all makes one stationary unit.
Now what moves is the head. This is composed of 4 individual parts that screw together and hold the lens together and becomes one. This is the fat part of the light you see in the pics. The most outter sleeve slides over the body(from the bottom), a lens holder then drops in from the top, then the lens and finally a ring type nut holds it all together to make one unit, this is what slides to and from the emitter.
Here's the head disassembled.