Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-31310


                        NYMOX PHARMACEUTICAL CORPORATION

                              Prospectus Supplement
                       (To Prospectus Dated May 15, 2001)

You should read this prospectus supplement and the related prospectus carefully
before you invest. Both documents contain information you should consider when
making your investment decision.

On April 27, 2001, we issued a drawdown notice to Jaspas Investments Limited in
connection with the common stock purchase agreement dated November 1, 1999,
evidencing an equity draw down facility between us and Jaspas Investments
Limited. This notice offered to sell up to $200,000 of our common stock to
Jaspas Investments Limited based on the formula in the stock purchase agreement,
applied during the 22 day period beginning on April 30, 2001 and ending on May
30, 2001, but at not less than $2.00 per share. At the end of the 22 days,
Jaspas Investments Limited purchased a total of 56,108 shares of our common
stock at an average purchase price of $1.9443 per share. These purchases
resulted in aggregate proceeds of $109,091 being paid and released from escrow
to us by Jaspas Investments Limited. Ladenburg Thalmann & Co. Inc. received
$3,273 as a placement fee in connection with this drawdown.

The attached prospectus relates to the resale of shares acquired by Jaspas
Investments Limited pursuant to the stock purchase agreement. Because Jaspas
Investments may sell some or all of these shares, and because there are
currently no agreements, arrangements or understandings with respect to the sale
of any of these shares, we cannot estimate the actual amount of shares that they
will hold after the completion of the offering. We expect to use the proceeds of
this common stock for general operating purposes.

             THE DATE OF THIS PROSPECTUS SUPPLEMENT IS MAY 31, 2001.