Pulmovant

Pulmovant

Clinical-stage biotech developing inhaled sGC activator

Overview

Pulmovant focuses on developing mosliciguat, an inhaled soluble guanylate cyclase (sGC) activator, as a therapy for pulmonary diseases, especially pulmonary hypertension associated with interstitial lung disease (PH-ILD). It advances mosliciguat through clinical trials with a dry powder inhaler designed for targeted delivery to the lungs to cause pulmonary vasodilation while aiming to limit systemic exposure. The company differentiates itself by pursuing a first-in-class inhaled sGC activator, leveraging Roivant’s biotech ecosystem, and seeking regulatory advantages such as orphan drug designation in Japan, to address a patient group of about 200,000 in the U.S. and Europe who have few treatment options. Pulmovant is moving mosliciguat through Phase 2 programs (PHocus and PHactor) with topline Phase 2 results anticipated in late 2026, and aims to progress toward regulatory approval and broader access for PH-ILD patients.

About Pulmovant

Simplify's Rating
Why Pulmovant is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Waltham, Massachusetts

Founded

N/A

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Simplify's Take

What believers are saying

  • Roivant reported PHocus enrollment completion on May 20, 2026, keeping execution visible.
  • United Therapeutics posted $457.5 million Tyvaso revenue in Q1 2026, proving PH-ILD demand.
  • PHactor combines mosliciguat with inhaled treprostinil, enabling combination-therapy differentiation.

What critics are saying

  • PHocus topline in H2 2026 is the existential readout; failure leaves Pulmovant with one asset.
  • Tyvaso DPI, Yutrepia, and Treprostinil programs already crowd PH-ILD before mosliciguat launches.
  • Bayer still owns milestones and royalties, draining future economics if mosliciguat succeeds.

What makes Pulmovant unique

  • Mosliciguat is a first-in-class inhaled sGC activator for PH-ILD.
  • Pulmovant enrolled PHocus 135 patients within one year, unusually fast in PH-ILD.
  • Japan granted orphan designation on September 4, 2025, improving regulatory leverage.

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