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


                                  JUNE 30, 2004
                Date of Report (Date of earliest event reported)


                          DISCOVERY LABORATORIES, INC.
             (Exact name of Registrant as specified in its charter)


         DELAWARE                      000-26422                 94-3171943
(State or other jurisdiction    (Commission File Number)       (IRS Employer
      of incorporation)                                   Identification Number)


                           350 MAIN STREET, SUITE 307
                         DOYLESTOWN, PENNSYLVANIA 18901
                    (Address of principal executive offices)


                                 (215) 340-4699
              (Registrant's telephone number, including area code)


          (Former name or former address, if changed since last report)


                                       1



ITEM 5. OTHER EVENTS

         On June 30, 2004,  Discovery  Laboratories,  Inc.  (the  "Registrant"),
issued a press  release to announce  approval for trading of its common stock on
the NASDAQ  National  Market  under its current  symbol DSCO.  The  Registrant's
common stock previously traded on the NASDAQ SmallCap Market.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS

      (c)   Exhibits:

            99.1  Press Release dated June 30, 2004.


                                       2



                                   SIGNATURES


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.



                                    DISCOVERY LABORATORIES, INC.



                                    By:    /s/ Robert J. Capetola
                                         ---------------------------------------
                                    Name:  Robert J. Capetola, Ph.D.
                                    Title: President and Chief Executive Officer


Date: June 30, 2004


                                       3