Inhaled nitric oxide (NO) is a selective pulmonary vasodilator that can reduce pulmonary artery pressure and improve oxygen levels without worsening systemic blood pressure. It works by diffusing into the lungs and stimulating production of cGMP, causing smooth muscle relaxation. While effective for various pulmonary conditions, it can produce toxic byproducts and rebound effects upon withdrawal. Alternative inhaled vasodilators under investigation include prostacyclin, milrinone, and nitroglycerine, but inhaled NO remains the standard treatment.