A dispensing device (1) having a storage device (4) and an air pump (18) for dispensing a medical formulation (2) is proposed. The storage device (4) comprises multiple inserts (6), each insert (6) containing a single dose of the formulation (2). Each insert (6) is located in a separate and sealed cavity (7). The cavities (7) can be individually opened for dispensing the respective dose from the respective insert (6).