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AP03 is Avalyn Pharma's preclinical inhaled fixed-dose combination of **nintedanib + pirfenidone** for pulmonary fibrosis. It is designed for aerosolized lung delivery to combine pirfenidone's antifibrotic and anti-inflammatory activity with nintedanib's inhibition of profibrotic receptor tyrosine kinase signaling, while aiming to reduce the systemic tolerability limitations associated with combining the oral medicines. Avalyn reported that a Phase 1 study was planned to begin by the end of 2026. ([avalynpharma.com](https://www.avalynpharma.com/pipeline/))
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