The invention relates to an inhalable pharmaceutical composition that enhances the dosing efficiency either by increasing the active ingredient solubility and / or by increasing the aerodynamic performance of the spray dried particles. The inhalable pharmaceutical composition comprises (A) spray dried cohesive composite active particles, each composite active particle comprising an active pharmaceutical ingredient (API) material and an excipient; and (B) carrier particles wherein the composite active particles and the carrier particles are blended in a phys. mixture.