8-K

                                  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 20, 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 through 4 and 6 though 8 are not applicable and
therefore omitted.

ITEM 5.02         Departure of Directors Or Principal Officers;
                  Election of Directors; Appointment of Principal Officers.

     Effective January 20, 2005, Townsend H. Porter, Jr. was elected as a
director of Innovex, Inc. (the "Company"). Mr. Porter has also been appointed to
the Company's Audit and Compensation Committees.

     On January 24, 2005, the Company issued a press release, attached hereto as
Exhibit 99.1, regarding Mr. Porter's election to the Company's Board of
Directors.

ITEM 9.01         Financial Statements And Exhibits.

Exhibit No.             Description
- -----------             --------------------------------------------------------
99.1                    Press Release issued on January 24, 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 24, 2005

EX-99.1

                                                                    Exhibit 99.1

             Innovex Names Townsend H. Porter to Board of Directors

     MAPLE PLAIN, Minn.--(BUSINESS WIRE)--Jan. 24, 2005--Innovex, Inc.
(Nasdaq:INVX) today announced the addition of Townsend H. Porter, 58, to the
company's Board of Directors. Mr. Porter retired in June, 2003 as Executive Vice
President and Chief Technology Officer of Seagate Technology, a worldwide leader
in the design, manufacturing and marketing of hard disc drives with revenues
exceeding $6 billion.
     "We are delighted to welcome a technology executive of Tom's caliber to
Innovex's Board," stated William P. Murnane, Innovex's President and Chief
Executive Officer. "Tom's broad technology and management experience will
enhance our ability to develop world class technology and bring industry leading
processes and products to market faster. We are very pleased and privileged to
have him join our Board of Directors."
     Mr. Porter joined Seagate in 1997 as Chief Technology Officer, Storage
Products Group. In September 1997, he was promoted to Executive Vice President
and he served as Seagate's Chief Technical Officer through June 27, 2003. Before
joining Seagate, Mr. Porter was Vice President of Research and Development,
Enterprise Storage Group at Western Digital from November 1994 to May 1997. From
1968 to 1994, Mr. Porter held engineering, program management and executive
positions at IBM.
     Porter holds a Bachelor of Science degree in electrical engineering from
Michigan Technological University.
     Innovex, Inc. is a leading manufacturer of high-density flexible
circuit-based electronic interconnect solutions. Innovex's products enable the
miniaturization and increasing functionality of high technology electronic
devices. Applications for Innovex's products include data storage devices such
as hard disk drives and tape drives, liquid crystal displays for mobile
telecommunication devices, flat panel displays and printers. Innovex is known
worldwide for its advanced technology and world class manufacturing.
     Except for historical information contained herein, the matters discussed
in this release are forward looking statements that involve risks and
uncertainties, including the timely availability and acceptance of new products,
the impact of competitive products and pricing, effect of world-wide economic
conditions on flexible circuit demand, changes in manufacturing efficiencies and
other risks detailed from time to time in the company's reports filed with the
Securities and Exchange Commission.


     CONTACT: Innovex, Inc., Maple Plain
              Tom Paulson, 763-479-5300
              or
              Doug Keller, 763-479-5300
              Facsimile: 763-479-5395
              Internet: http://www.innovexinc.com