Treprostinil palmitil (TP), a long-acting inhaled pulmonary vasodilator prodrug of treprostinil (TRE), has beneficial effects in a Sugen5416/Hypoxia (Su/Hx) rat model of pulmonary arterial hypertension (PAH) that compare favorably to the oral PDE5 inhibitor, sildenafil. In this study in male Sprague Dawley rats, a dry powder formulation of TP (TPIP) was compared to inhaled and intravenous TRE and oral selexipag to evaluate inhibition of hemodynamic and pathological changes in the lungs and heart induced by Su/Hx challenge. Su (20 mg/kg) was injected subcutaneously followed by 3 weeks of Hx (10% O 2 /balance N 2 ), then initiation of test article administration over 5 weeks with room air breathing. Hemodynamics and histopathology were measured at the end of the study. Su/Hx challenge approximately doubled the mean pulmonary arterial blood pressure (mPAP) and the Fulton index, decreased cardiac output (CO), doubled the wall thickness and muscularization of the small (10-50 μm) and medium (51-100 μm) sized pulmonary arteries and increased the percentage of obliterated pulmonary blood vessels. Even though inhaled TRE (65 μg/kg, QID), intravenous TRE (810 ng/kg/min) and oral selexipag (30 mg/kg, BID) provided some beneficial effects against the Su/Hx challenge, the overall benefit was generally greater with TPIP at high dose (117 μg/kg, QD). These results demonstrate that TPIP compares favorably to inhaled and intravenous TRE and oral selexipag with respect to inhibition of the pathophysiological changes induced by Su/Hx challenge in rats.