A Study to Assess the PK and Safety of PT010 in Subjects With COPD Following Single and Repeat Dose

Key Inclusion Criteria:

- Given their signed written informed consent to participate.

- Non-child bearing potential (ie, physiologically incapable of becoming pregnant,
including any female who is 2 years post-menopausal); or Child bearing potential, has
a negative serum pregnancy test at Visit 1, and agrees to acceptable contraceptive
methods used consistently and correctly for the duration of the study.

- Subjects with an established clinical history of COPD as defined by the American
Thoracic Society (ATS)/European Respiratory Society (ERS), or other local applicable
guidelines.

- Current or former smokers with a history of at least 10 pack-years of cigarette
smoking.

- Pre-bronchodilator FEV1/FVC ratio must be <0.70 and pre-bronchodilator FEV1 must be
≥50% and <80% predicted normal value calculated using National Health and Nutrition
Examination Survey (NHANES) III reference equations

Key Exclusion Criteria:

- Significant diseases or conditions to : other than COPD, active pulmonary disease such
as active tuberculosis, lung cancer, bronchiectasis, sarcoidosis, lung fibrosis,
primary pulmonary hypertension, interstitial lung disease and uncontrolled sleep apnea
.

- Women who are pregnant or lactating, or are planning to become pregnant during the
course of the study, or women of childbearing potential who are not using an
acceptable method of contraception.

- Subjects, who in the opinion of the Investigator, have a current diagnosis of asthma.

- Subjects who have a history of hypersensitivity to any corticosteroid,

- β2-agonist, muscarinic anticholinergic, or any component of the MDI

- Alpha-1 antitrypsin deficiency as the cause of COPD