VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- October 17, 2006 -- Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) today announced that the Company's cholesterol-lowering drug, FM-VP4, has been recognized as one of "Windhover's Top 10 Unpartnered Cardiovascular Projects" for 2006. The selection was made by an independent committee assembled by Windhover Information, a leading provider of business information products and services to senior executives in the pharmaceutical, biotechnology, and medical device industries. Forbes representatives will be presenting at Windhover's Therapeutic Alliances Cardiovascular conference on November 16, 2006 in Chicago, IL.