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): July 27, 2006


                                  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 through 8 are not applicable and
therefore omitted.

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

On July 27, 2006, Raj Nooyi resigned as a Director of the Company. Mr.
Nooyi's resignation was for personal reasons. The Company issued a press release
regarding Mr. Nooyi's resignation, which is attached hereto as Exhibit 99.1.

ITEM 9.01         Financial Statements And Exhibits.

Exhibit No.        Description
- -----------        -------------------------------------------------------------
99.1               Press release issued by Innovex, Inc. on July 28, 2006.


                                    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/ Douglas W. Keller
                                       -----------------------------------------
                                    Douglas W. Keller
                                    Vice President, Finance

Date:   July 28, 2006

EX-99.1

                                                                    Exhibit 99.1

                  Innovex Announces Board of Directors Change

    MAPLE PLAIN, Minn.--(BUSINESS WIRE)--July 28, 2006--Innovex
(Nasdaq:INVX) today announced the resignation of Raj K. Nooyi from its
Board of Directors. Mr. Nooyi has been a member of the Innovex Board
since 2002. Mr. Nooyi has resigned to dedicate his time and energy to
personal commitments that have recently emerged.
    "We are grateful for Raj's many contributions over the past four
years and will sorely miss his counsel," stated William P. Murnane,
Innovex's President and Chief Executive Officer. "We wish him all the
best as he attends to important personal matters."
    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
             Douglas W. Keller, 763-479-5300
             Facsimile: 763-479-5395
             Internet: http://www.innovexinc.com