VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- May 08, 2007 -- Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) today announced it has extended its supply and licensing contract with Pharmavite LLC until mid 2008 for the continued sale of Reducol™, the branded cholesterol lowering ingredient in one of Pharmavite’s leading line of dietary supplements, Nature Made® CholestOff® and recently launched CholestOff® Complete.