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 22, 2005

                                  CORTECH, INC.
             (Exact name of registrant as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)

       0-20726                                           84-0894091
 (Commission File No.)                        (IRS Employer Identification No.)


                                 376 Main Street
                                   P.O. Box 74
                          Bedminster, New Jersey 07921

              (Address of principal executive offices and zip code)

       Registrant's telephone number, including area code: (908) 234-1881

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))



Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
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           Standard; Transfer of Listing
           -----------------------------

On July 22, 2005, Cortech, Inc. (the "Company") received a notice from the staff
of the Nasdaq Stock Market,  Listing  Qualifications  Department,  informing the
Company that the staff had determined to delist the Company's  common stock from
The Nasdaq SmallCap Market, effective as of August 2, 2005. The Company does not
intend to appeal this decision.

On July 27, 2005, the Company  issued a press release  announcing its receipt of
the delisting notice.  The full text of the press release is attached as Exhibit
99.1 to this Report and is incorporated by reference herein.

Item 9.01  Financial Statements and Exhibits
           ---------------------------------

           (a) Financial Statements of Businesses Acquired:

               Not Applicable.

           (b) Pro Forma Financial Information:

               Not Applicable.

           (c) Exhibits:

               99.1  Press Release, dated July 28, 2005




















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                                    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.


                                            CORTECH, INC.



Date: July 28, 2005                       By: /s/ Sue Ann Merrill
                                             -----------------------------------
                                             Name:   Sue Ann Merrill
                                             Title:  Chief Financial Officer






















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                                  Exhibit Index
                                  -------------



                 Exhibit No.                 Description
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               99.1                          Press Release dated July 28, 2005



























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