VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- October 02, 2006 -- Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) today announced the completion of its US Phase II trial for its cholesterol-lowering drug, FM-VP4. The primary efficacy objective of this trial is to determine the effect of two doses of FM-VP4, 450mg and 900mg, given for 12 weeks, compared to placebo, on low density lipoprotein-cholesterol (LDL-C). The goal of this trial is to demonstrate a minimum of 15% reduction from baseline in LDL-C at Week 12. The results are anticipated to be released in mid-to-late fourth quarter 2006.