UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



       Date of Report (date of earliest event reported): January 12, 2005


                                  Innovex, Inc.
                           ---------------------------
             (Exact name of Registrant as Specified in its Charter)


                                    Minnesota
                           ---------------------------
                 (State Or Other Jurisdiction Of Incorporation)

              000-13143                                41-1223933
 -------------------------------------     ------------------------------------
        (Commission File Number)           (I.R.S. Employer Identification No.)

          5540 Pioneer Creek Drive
             Maple Plain, MN                             55359
 ----------------------------------------------     ---------------
 (Address Of Principal Executive Offices)              (Zip Code)



                                 (763) 479-5300
                           ---------------------------
               Registrant's Telephone Number, Including Area Code


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))







Items under Sections 1 and 3 through 8 are not applicable and therefore omitted.

ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
--------------------------------------------------------

Innovex, Inc. hereby furnishes a press release, issued on January 12, 2005,
disclosing material non-public information regarding its results of operations
for the quarter ended December 31, 2004.


ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.              Description
-----------              ------------------------------------------------------
99.1                     Press Release issued on January 12, 2005.



                                    SIGNATURE

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                 INNOVEX, INC.

                                 By:  /s/ Thomas Paulson
                                 -----------------------
                                 Thomas Paulson
                                 Chief Financial Officer

Date:   January 12, 2005