Angiotech Pharmaceuticals Hosts Live Webcast of Annual General Meeting of Shareholders.

Business Editors & Health/Medical Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 28, 2002

Angiotech Pharmaceuticals, Inc. (NASDAQ:ANPI) (TSE:ANP), will host a live webcast of the annual general meeting of shareholders on Tuesday, March 5, 2002, beginning at 9:30 AM PST (12:30 PM EST). The annual general meeting will be held in The Symphony Room of The Westin Grand Vancouver, 433 Robson Street, Vancouver and will feature remarks by William Hunter, MD, MSc, Chairman and CEO.

The meeting will be broadcast live over the Internet at www.angiotech.com and will be archived on the Angiotech web site until Tuesday, March 12, 2002. Listening to the live webcast requires RealPlayer(R) or Windows Media Player(R). Broadcast quality will be best for listeners with at least a 28.8 Kbps connection, but will still be available to slower connections.

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 paclitaxel. Several pharmaceutical therapies are in clinical development and the paclitaxel-coated coronary stent program is currently in multiple international clinical studies. Other medical device programs include paclitaxel-loaded surgical implants.

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.