Masdevallia panguiensis is a species in the Masdevallia genus.
.
This name is accepted name for the species in
the family Orchidaceae
subfamily Epidendroideae,
tribe Epidendreae,
subtribe Pleurothallidinae,
and under infraspecific classification, it is in the
subgenus Masdevallia
section: Durae
. This species is found in SE. Ecuador (Cord. del Cóndor).