Forbes Medi-Tech Drug Misses Phase II Trial Target

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Forbes Medi-Tech Inc. (TSX:FMI - News; NASDAQ:FMTI - News) today announced the topline results from the US Phase II trial of its cholesterol-lowering drug, FM-VP4. Preliminary data received over the weekend confirmed the drug is dose responsive, produces a statistically significant reduction in LDL (or bad) cholesterol and has maintained an excellent safety profile. The primary endpoint of the study was met with a statistically significant reduction in LDL after 12 weeks of 9% from baseline at 900mg, however, FM-VP4 did not achieve the Company's established goal of a 15% average reduction in LDL cholesterol from baseline.

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