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): May 29, 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, 3 through 8 are not applicable and therefore omitted.

ITEM 2.02         Revised Guidance for quarter ending July 1, 2006

The Company hereby furnishes a press release issued on May 29, 2006 and attached
hereto as Exhibit 99.1 disclosing material non-public information regarding the
Company's revised guidance for the quarter ending July 1, 2006.

ITEM 9.01         Financial Statements And Exhibits.

Exhibit No.        Description
-----------        -------------------------------------------------------------
99.1               Press Release issued May 29, 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 of Finance

Date:   May 31, 2006