An apparatus for delivering a medicament, such as a liposome or micelle-encapsulated therapeutic agent or medicament, to an obstruction within a vascular segment or a body passageway. The apparatus may include a substantially cylindrically shaped expansion member. A distance between the proximal and distal ends of the expansion member may be altered to transform the expansion member between a diametrically contracted configuration to a diametrically expanded configuration. The liposome or micelle-encapsulated therapeutic agent or medicament can be coated on the expansion member and/or incorporated into a substrate coated on the expansion member.