Angiotech Conference Call One Hour Earlier Due To Scheduling Conflicts.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 17, 2001

Angiotech Pharmaceuticals, Inc. (NASDAQ:ANPI) (TSE:ANP.) today announced its analyst conference call originally scheduled for Wednesday, September 19th, 2001 at 8 AM PST (11 AM ET) will take place one hour earlier at 7 AM PST (10 AM ET) due to scheduling conflicts.

The conference call will be held to discuss the impressive results of both the 177-patient Asian ASPECT study and the 21-patient pilot in-stent restenosis study released by Cook Incorporated last week at the Transcatheter Cardiovascular Therapeutics Conference in Washington, DC.

The call will be webcast on Angiotech's website at www.angiotech.com. A recording of the call will be available until September 26, 2001 by calling [phone] and entering Access Code 19702955.

Angiotech Pharmaceuticals, Inc. is a Canadian pharmaceutical company dedicated to the development of medical device coatings and treatments for chronic inflammatory diseases through reformulation of the anticancer drug, paclitaxel. Four pharmaceutical therapies are in clinical development: systemic Micellar Paclitaxel for secondary progressive multiple sclerosis (Phase 2), rheumatoid arthritis (Phase 1) and severe psoriasis (Pilot Phase 2), as well as a Topical Paclitaxel Gel for psoriasis (Phase 1). The paclitaxel-coated coronary stent program is currently in human safety and efficacy studies. Other medical device programs include paclitaxel-loaded surgical implants for the treatment of restenosis associated with peripheral vascular surgery and for the treatment of proliferative ocular conditions.

Statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes," "may," "will," "estimate," "continue," "anticipates," "intends," "expects" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the Company operates; technology changes; competition; changes in business strategy or development plans; the ability to attract and retain qualified personnel; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against the Company; and other factors referenced in the Company's filings with the Securities and Exchange Commission. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.