8-K

UNITED STATESSECURITIES 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): February 1, 2008

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.)

3033 Campus Drive, Suite E180 Plymouth, MN	55441
(Address of Principal Executive Offices)	(Zip Code)

(763) 383-4000

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:

⃞ 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))

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 16, 2008, the Governance Committee of the Board of Directors of Innovex, Inc. (the "Company") recommended and the Board of Directors approved the appointment of John M. Clark III and Kenneth L. White to the Board of Directors subject to their acceptance thereof. Mr. Clark and Mr. White both accepted the appointment effective February 1, 2008. Mr. Clark recently retired from National Semiconductor after almost 30 years of service. Mr. Clark’s most recent position with National Semiconductor was Senior Vice President, General Counsel & Secretary. Mr. White is currently an Executive Director for Finansa PCL. Finansa is a leading, Bangkok-based merchant banking group, providing a comprehensive range of financial services in Thailand and the Southeast Asia region.

In addition, effective February 1, 2008, the Board of Directors accepted the resignation of Robert Buhrmaster from the Board of Directors, as well as the Audit Committee, Compensation Committee and Governance Committee of the Board of Directors.

ITEM 9.01  Financial Statements and Exhibits.

Exhibit No.	Description
10.1	Press release issued February 5, 2008 announcing changes to its Board of Directors.

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 hereunto duly authorized.

		INNOVEX, INC.
		By:	/s/ Douglas W. Keller
		Douglas W. Keller
		Vice President, Finance
Date:	February 5, 2008

EX-10.1

Exhibit 10.1

Innovex Announces Changes to its Board of Directors

PLYMOUTH, Minn.--(BUSINESS WIRE)--Innovex (Nasdaq:INVX) today reported the addition of two new independent Directors, Mr. John M. Clark III and Mr. Kenneth L. White and the resignation of Mr. Robert Buhrmaster.

Mr. Clark recently retired from National Semiconductor after almost 30 years of service. Mr. Clark’s most recent position with National Semiconductor was Senior Vice President, General Counsel & Secretary. “With significant experience in Sarbanes-Oxley compliance, mergers & acquisitions and public financing, John will be a great asset to help guide our future “stated Terry M. Dauenhauer, Innovex’s President & Chief Executive Officer.

Mr. White is currently an Executive Director for Finansa PCL. Finansa is a leading, Bangkok-based merchant banking group, providing a comprehensive range of financial services in Thailand and the Southeast Asia region. Mr. White is also an independent Director for Minor International PCL & Goodyear (Thailand) PCL. “Ken has 21 years of experience operating in Thailand, including having regional responsibility for Chase Manhattan Bank. As a result, he has extensive knowledge of the Thailand banking system which will be a valuable resource as we proceed forward, “stated Mr. Dauenhauer. “It is my pleasure to welcome our two new board members and look forward to working with them as we strive to maximize our shareholder value!“

In addition, effective February 1, 2008, the Board of Directors accepted the resignation of Robert Buhrmaster from the Board of Directors. “We appreciate the help and guidance Bob has provided us in his four years of service on the Board and wish him well in the future,” commented Mr. Dauenhauer.

About Innovex, Inc.

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.

Safe Harbor for Forward Looking Statements

Except for historical information contained herein, the matters discussed in this press release are forward looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products, impact of restructuring charges, changes in product mix, the impact of competitive products and pricing, effect of world-wide economic conditions on flexible circuit demand, changes in manufacturing efficiencies, fluctuations in financial results, continued cash availability under Company credit facilities and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.

CONTACT:
Innovex, Inc.
Douglas W. Keller, VP - Finance, 763-383-4025
Facsimile: 763-383-4090
Internet: http://www.innovexinc.com