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     <!-- Control Number: 70720                                                            -->

     <!-- Rev Number:     1.0                                                              -->

     <!-- Client Name:    Innovex, Inc.                                                    -->

     <!-- Project Name:   Form S-8                                                         -->

     <!-- Firm Name:      ADP                                                              -->

     <TITLE>Form S-8</TITLE>

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<FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the Securities and

Exchange Commission on February 25, 2002  </FONT>



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<DIV ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No.

333-   </FONT></DIV>



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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=3><B>SECURITIES AND

EXCHANGE COMMISSION </B> </FONT><BR>



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<FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Washington,

D.C. 20549 </B> </FONT><BR><BR>



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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF"><FONT SIZE="3"><B>FORM S-8</B><BR> <FONT SIZE="2">REGISTRATION

STATEMENT<BR>UNDER<BR>THE SECURITIES ACT OF 1933 </FONT> </FONT> </FONT> </P>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>INNOVEX, INC.</B><BR><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>(Exact name of

registrant as specified in its charter)  </FONT> </FONT></P>



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<TD ALIGN=CENTER WIDTH=43%><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Minnesota</B><BR>(State or other jurisdiction of incorporation<BR>or organization) </FONT> </FONT></TD>

<TD ALIGN=CENTER WIDTH=14%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=CENTER WIDTH=43%><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>41-1223933</B><BR>

(I.R.S. Employer<BR>Identification No.) </FONT> </FONT></TD>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF"><FONT SIZE="2"><B>5540 Pioneer Creek

Drive<BR> Maple Plain, Minnesota 55359</B><BR>(Address of Principal Executive Offices and zip code) </FONT> </FONT> </P>



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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF"><FONT SIZE="4"><B>INNOVEX, INC.<BR> 1994

STOCK OPTION PLAN</B><BR><FONT SIZE="2">(Full title of the Plan) </FONT> </FONT> </FONT> </P>



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<TD ALIGN=CENTER WIDTH=38%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>William Murnane<BR>President and Chief Executive Officer<BR>Innovex, Inc.<BR>5540 Pioneer Creek Drive<BR>Maple Plain, MN 55359<BR>(763) 479-5300<BR>(Name, address, including zip code and<BR>telephone number of agent for service) </FONT></TD>

<TD ALIGN=CENTER WIDTH=24%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=CENTER WIDTH=38%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copy to:<BR> Charles P. Moorse<BR> Lindquist &amp; Vennum P.L.L.P.<BR>4200 IDS Center<BR>80 South Eighth Street<BR> Minneapolis, MN 55402<BR>(612)

371-3211  </FONT></TD>

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     <TH COLSPAN="10"><FONT SIZE="2">CALCULATION OF REGISTRATION FEE </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH></TR>

<TR VALIGN="BOTTOM">

     <TH COLSPAN="2"><FONT SIZE="1">Title of Securities<BR>to be Registered </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH>

     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Amount<BR>to be<BR>Registered </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH>

     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Offering<BR>Price<BR>Per Share </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH>

     <TH COLSPAN="2"><FONT SIZE="1">Aggregate<BR>Offering<BR>Price </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH>

     <TH COLSPAN="2"><FONT SIZE="1">Amount of<BR>Registration<BR>Fee </FONT><HR WIDTH=100% SIZE=1 NOSHADE></TH></TR>

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     <TD WIDTH="32%" ALIGN="LEFT"><FONT SIZE="2">Common Stock, </FONT></TD>

     <TD WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2">&nbsp; </FONT></TD>

     <TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE="2">600,000 shares </FONT></TD>

        <TD WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2"> </FONT></TD>

     <TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE="2">$4.06( </FONT></TD>

        <TD WIDTH="8%" ALIGN="LEFT"><FONT SIZE="2">1) </FONT></TD>

     <TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE="2">$2,436,000( </FONT></TD>

        <TD WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2">1) </FONT></TD>

     <TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE="2">$224.11 </FONT></TD>

        <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="2">&nbsp; </FONT></TD></TR>

<TR VALIGN="BOTTOM">

     <TD ALIGN="LEFT"><FONT SIZE="2">$.04 par value to be issued </FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp; </FONT></TD></TR>

<TR VALIGN="BOTTOM">

     <TD ALIGN="LEFT"><FONT SIZE="2">pursuant to the Innovex, Inc. </FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp; </FONT></TD></TR>

<TR VALIGN="BOTTOM">

     <TD ALIGN="LEFT"><FONT SIZE="2">1994 Stock Option Plan </FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp; </FONT></TD></TR>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

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Estimated solely for the purpose of determining the registration fee pursuant to

Rule 457(c) and (h) and based upon the average of the high and low prices of the

Company&#146;s Common Stock on the Nasdaq National Market on February 22, 2002.  </FONT></TD>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I </FONT></H1>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant

to the Note to Part I of Form S-8, the information required by Items 1 and 2 of Form S-8

is not filed as a part of this Registration Statement.  </FONT></P>



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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>



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<P><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item 3. Incorporation of Documents

by Reference.</I> </FONT> </FONT> </P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

following documents filed with the Securities and Exchange Commission are hereby

incorporated by reference herein:  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)

The Annual Report of the Company on Form 10-K for the fiscal year ended September 30,

2001.  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)

The Definitive Proxy Statement dated December 14, 2001 for the 2002 Annual

Meeting of Shareholders held on January 16, 2002.  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)

The description of the Company&#146;s Common Stock as set forth in the

Company&#146;s Form 8-A Registration Statement dated January 29, 1985, which

became effective as of July 31, 1985 (Registration No. 0-13143), including any

amendment or report filed for the purpose of updating such description.  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All

documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),

14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a

post-effective amendment which indicates that all securities offered have been

sold or which deregisters all securities then remaining unsold, shall be deemed

to be incorporated by reference in this Registration Statement and to be a part

hereof from the date of filing of such documents.  </FONT></P>



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<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item

4. Description of Securities.</I> </FONT> </FONT></TD>

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Not

applicable. </FONT></TD>

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<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item

5. Interests of Named Experts and Counsel.</I> </FONT> </FONT></TD>

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Not

applicable. </FONT></TD>

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<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item

6. Indemnification of Directors and Officers.</I> </FONT> </FONT></TD>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Articles

of Incorporation.</I> The Company&#146;s Articles of Incorporation provides that

no director of the corporation may be personally liable to the Company or its

shareholders for monetary damages for breach of fiduciary duty as a director,

except for liability (i) for any breach of the director&#146;s duty of loyalty

to the Company or its shareholders; (ii) for acts or omissions not in good faith

or that involve intentional misconduct or a knowing violation of law; (iii)

under section 302A.559 or 80A.23 of Minnesota Statutes; (iv) for any transaction

from which the director derived any improper personal benefit; or (v) for any

act or omission occurring prior to February 29, 1988 (the effective date of the

indemnification provisions in the Company&#146;s Articles of Incorporation). </FONT> </FONT> </P>



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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>2  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Statutory

Provisions.</I> Section 302A.521 of the Minnesota Business Corporation Act

provides that a corporation shall indemnify a person made or threatened to be

made a party to a proceeding by reason of the former or present official

capacity of the person against judgments, penalties, fines, including, without

limitation, excise taxes assessed against the person with respect to an employee

benefit plan, settlements, and reasonable expenses, including attorneys&#146;

fees and disbursements, incurred by the person in connection with the

proceeding, if, with respect to the acts or omissions of the person complained

of in the proceeding, the person: </FONT> </FONT> </P>



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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>

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Has not been indemnified by another organization or employee benefit plan for

the same judgments, penalties, fines, including, without limitation, excise

taxes assessed against the person with respect to an employee benefit plan,

settlements, and reasonable expenses, including attorneys&#146; fees and

disbursements, incurred by the person in connection with the proceeding with

respect to the same acts or omissions; </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Acted

in good faith; </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Received

no improper personal benefit and section 302A.255 (Director Conflicts of Interest), if

applicable, has been satisfied; </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4)  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In

the case of a criminal proceeding, had no reasonable cause to believe the conduct was

unlawful; and </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(5) </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

In the case of acts or omissions occurring in the official capacity described in

subdivision 1, paragraph (c), clause (1) or (2), reasonably believed that the

conduct was in the best interests of the corporation, or in the case of acts or

omissions occurring in the official capacity described in subdivision 1,

paragraph (c), clause (3), reasonably believed that the conduct was not opposed

to the best interests of the corporation. If the person&#146;s acts or omissions

complained of in the proceeding relate to conduct as a director, officer,

trustee, employee, or agent of an employee benefit plan, the conduct is not

considered to be opposed to the best interests of the corporation if the person

reasonably believed that the conduct was in the best interests of the

participants or beneficiaries of the employee benefit plan. </FONT></TD>

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<P><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">I<I>tem 7. Exemption from Registration

Claimed.</I> </FONT> </FONT> </P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not

applicable.  </FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item 8. Exhibits.</I> </FONT> </FONT> </P>





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<P><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Exhibit</I> </FONT> </FONT> </P>



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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Innovex,

Inc. 1994 Stock Plan, as amended  </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion

of Lindquist &amp; Vennum P.L.L.P.  </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent

of Lindquist &amp; Vennum P.L.L.P. (included in Exhibit 5.1)  </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent

of Grant Thornton LLP, independent certified public accountants  </FONT></TD>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1  </FONT></TD>

<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power

of Attorney (set forth on the signature page hereof)  </FONT></TD>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>3  </FONT></P>



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<BR>



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<P><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Item 9. Undertakings.</I> </FONT> </FONT> </P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) The Company hereby undertakes:  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)

To file, during any period in which offers or sales are being made, a

post-effective amendment to this registration statement:  </FONT></P>



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<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

(i)

To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; </FONT></TD>

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<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

(ii)

To reflect in the prospectus any facts or events arising after the effective date of the

registration statement (or the most recent post-effective amendment thereof) which,

individually or in the aggregate, represent a fundamental change in the information set

forth in the registration statement. Notwithstanding the foregoing, any increase or

decrease in volume of securities offered (if the total dollar value of securities offered

would not exceed that which was registered) and any deviation from the low or high end of

the estimated maximum offering range may be reflected in the form of prospectus filed

with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume

and price represent no more than a 20% change in the maximum aggregate offering price set

forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration

statement; and </FONT></TD>

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<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

(iii)

To include any material information with respect to the plan of distribution not

previously disclosed in the registration statement or any material change to such

information in the registration statement. </FONT></TD>

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<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

Provided,

however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration

statement is on Form S-3 or Form S-8 or Form F-3, and the information required to be

included in a post-effective amendment by those paragraphs is contained in periodic

reports filed with or furnished to the Commission by the registrant pursuant to section

13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by

reference in the registration statement. </FONT></TD>

</TR>

</TABLE>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)

That, for the purpose of determining any liability under the Securities Act of

1933, each such post-effective amendment shall be deemed to be a new

registration statement relating to the securities offered therein, and the

offering of such securities at that time shall be deemed to be the initial bona

fide offering thereof.  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)

To remove from registration by means of a post-effective amendment any of the

securities being registered which remain unsold at the termination of the

offering.  </FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) The undersigned

registrant hereby undertakes that, for purposes of determining any liability

under the Securities Act of 1933, each filing of the registrant&#146;s annual

report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934

(and, where applicable, each filing of an employee benefit plan&#146;s annual

report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is

incorporated by reference in the registration statement shall be deemed to be a

new registration statement relating to the securities offered therein, and the

offering of such securities at that time shall be deemed to be the initial bona

fide offering thereof.  </FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(h) Insofar as

indemnification for liabilities arising under the Securities Act of 1933 (the

&#147;Act&#148;) may be permitted to directors, officers, and controlling

persons of the registrant pursuant to the foregoing provisions, or otherwise,

the registrant has been advised that in the opinion of the Securities and

Exchange Commission such indemnification is against public policy as expressed

in the Act and is, therefore, unenforceable. In the event that a claim for

indemnification against such liabilities (other than the payment by the

registrant of expenses incurred or paid by a director, officer or controlling

person of the registrant in the successful defense of any action, suit or

proceeding) is asserted by such director, officer, or controlling person in

connection with the securities being registered, the registrant will, unless in

the opinion of its counsel the matter has been settled by controlling precedent,

submit to a court of appropriate jurisdiction the question whether such

indemnification by it is against public policy as expressed in the Act and will

be governed by the final adjudication of such issue.  </FONT></P>



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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant

to the requirements of the Securities Act of 1933, the registrant certifies that

it has reasonable grounds to believe that it meets all of the requirements for

filing on Form S-8 and has duly caused this registration statement to be signed

on its behalf by the undersigned, thereunto duly authorized, in the City of

Maple Plain, State of Minnesota, on February 25, 2002.  </FONT></P>



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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=55%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INNOVEX, INC.<BR>

<BR>By&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ William P. Murnane </FONT><HR SIZE=1 ALIGN=RIGHT WIDTH=93% NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William Murnane, President and Chief

Executive Officer </FONT>

</TD>

<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

</TR>

</TABLE>

<BR>



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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF

ATTORNEY </FONT></H1>



<!-- MARKER FORMAT-SHEET="Para 10" -->

<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The

undersigned officers and directors of Innovex, Inc. hereby constitute and

appoint William Murnane and Thomas Paulson, or either of them, with power to act

one without the other, our true and lawful attorney-in-fact and agent, with full

power of substitution and resubstitution, for us and in our stead, in any and

all capacities to sign any and all amendments (including post-effective

amendments) to this Registration Statement and all documents relating thereto,

and to file the same, with all exhibits thereto, and other documents in

connection therewith, with the Securities and Exchange Commission, granting unto

said attorney-in-fact and agent, full power and authority to do and perform each

and every act and thing necessary or advisable to be done in and about the

premises, as fully to all intents and purposes as he might or could do in

person, hereby ratifying and confirming all that said attorney-in-fact and

agent, or his substitutes, may lawfully do or cause to be done by virtue hereof.  </FONT></P>



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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant

to the requirements of the Securities Act of 1933, as amended, this registration

statement has been signed below by the following persons on February 25, 2002 in

the capacities indicated.  </FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Signature  </FONT></P>

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</TD>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Thomas

W. Haley </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thomas W. Haley, Chairman of the Board,<BR>Director<BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Thomas

Paulson </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thomas Paulson, CFO, Corporate Secretary<BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ William

P. Murnane </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>William P. Murnane, President and<BR>Chief Executive Officer, Director </FONT></TD>

<TD ALIGN=CENTER WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>

<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Raj K Nooyi </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Raj K.

Nooyi, Director<BR><BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Michael C. Slagle </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Michael

C. Slagle, Director<BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Elick Eugene Hawk </FONT><HR SIZE=1 NOSHADE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Elick Eugene

Hawk, Director </FONT></TD>

</TR>

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</HTML>
[{"type": "S-8", "sequence": "1", "filename": "d70720_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 34653}]
{"company-data": {"conformed-name": "INNOVEX INC", "cik": "0000050601", "assigned-sic": "3679", "irs-number": "411223933", "state-of-incorporation": "MN", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-83452", "film-number": "02559494"}, "business-address": {"street1": "530 ELEVENTH AVENUE SOUTH", "city": "HOPKINS", "state": "MN", "zip": "55343-9904", "phone": "6129384155"}}
Form S-8
As filed with the Securities and

Exchange Commission on February 25, 2002
Registration No.

333-
SECURITIES AND

EXCHANGE COMMISSION
Washington,

D.C. 20549
FORM S-8
REGISTRATION

STATEMENT
UNDER
THE SECURITIES ACT OF 1933
INNOVEX, INC.
(Exact name of

registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation
or organization)
41-1223933
(I.R.S. Employer
Identification No.)
5540 Pioneer Creek

Drive
Maple Plain, Minnesota 55359
(Address of Principal Executive Offices and zip code)
INNOVEX, INC.
1994

STOCK OPTION PLAN
(Full title of the Plan)
William Murnane
President and Chief Executive Officer
Innovex, Inc.
5540 Pioneer Creek Drive
Maple Plain, MN 55359
(763) 479-5300
(Name, address, including zip code and
telephone number of agent for service)
Copy to:
Charles P. Moorse
Lindquist & Vennum P.L.L.P.
4200 IDS Center
80 South Eighth Street
Minneapolis, MN 55402
(612)

371-3211
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Proposed
Maximum
Amount
to be
Registered
Proposed
Maximum
Offering
Price
Per Share
Aggregate
Offering
Price
Amount of
Registration
Fee
Common Stock,
600,000 shares
$4.06(
1)
$2,436,000(
1)
$224.11
$.04 par value to be issued
pursuant to the Innovex, Inc.
1994 Stock Option Plan
(1)
Estimated solely for the purpose of determining the registration fee pursuant to

Rule 457(c) and (h) and based upon the average of the high and low prices of the

Company's Common Stock on the Nasdaq National Market on February 22, 2002.
PART I
Pursuant

to the Note to Part I of Form S-8, the information required by Items 1 and 2 of Form S-8

is not filed as a part of this Registration Statement.
PART II
Item 3. Incorporation of Documents

by Reference.
The

following documents filed with the Securities and Exchange Commission are hereby

incorporated by reference herein:
(a)

The Annual Report of the Company on Form 10-K for the fiscal year ended September 30,

2001.
(b)

The Definitive Proxy Statement dated December 14, 2001 for the 2002 Annual

Meeting of Shareholders held on January 16, 2002.
(c)

The description of the Company's Common Stock as set forth in the

Company's Form 8-A Registration Statement dated January 29, 1985, which

became effective as of July 31, 1985 (Registration No. 0-13143), including any

amendment or report filed for the purpose of updating such description.
All

documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),

14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a

post-effective amendment which indicates that all securities offered have been

sold or which deregisters all securities then remaining unsold, shall be deemed

to be incorporated by reference in this Registration Statement and to be a part

hereof from the date of filing of such documents.
Item

4. Description of Securities.
Not

applicable.
Item

5. Interests of Named Experts and Counsel.
Not

applicable.
Item

6. Indemnification of Directors and Officers.
Articles

of Incorporation.
The Company's Articles of Incorporation provides that

no director of the corporation may be personally liable to the Company or its

shareholders for monetary damages for breach of fiduciary duty as a director,

except for liability (i) for any breach of the director's duty of loyalty

to the Company or its shareholders; (ii) for acts or omissions not in good faith

or that involve intentional misconduct or a knowing violation of law; (iii)

under section 302A.559 or 80A.23 of Minnesota Statutes; (iv) for any transaction

from which the director derived any improper personal benefit; or (v) for any

act or omission occurring prior to February 29, 1988 (the effective date of the

indemnification provisions in the Company's Articles of Incorporation).
2
Statutory

Provisions.
Section 302A.521 of the Minnesota Business Corporation Act

provides that a corporation shall indemnify a person made or threatened to be

made a party to a proceeding by reason of the former or present official

capacity of the person against judgments, penalties, fines, including, without

limitation, excise taxes assessed against the person with respect to an employee

benefit plan, settlements, and reasonable expenses, including attorneys'

fees and disbursements, incurred by the person in connection with the

proceeding, if, with respect to the acts or omissions of the person complained

of in the proceeding, the person:
(1)
Has not been indemnified by another organization or employee benefit plan for

the same judgments, penalties, fines, including, without limitation, excise

taxes assessed against the person with respect to an employee benefit plan,

settlements, and reasonable expenses, including attorneys' fees and

disbursements, incurred by the person in connection with the proceeding with

respect to the same acts or omissions;
(2)
Acted

in good faith;
(3)
Received

no improper personal benefit and section 302A.255 (Director Conflicts of Interest), if

applicable, has been satisfied;
(4)
In

the case of a criminal proceeding, had no reasonable cause to believe the conduct was

unlawful; and
(5)
In the case of acts or omissions occurring in the official capacity described in

subdivision 1, paragraph (c), clause (1) or (2), reasonably believed that the

conduct was in the best interests of the corporation, or in the case of acts or

omissions occurring in the official capacity described in subdivision 1,

paragraph (c), clause (3), reasonably believed that the conduct was not opposed

to the best interests of the corporation. If the person's acts or omissions

complained of in the proceeding relate to conduct as a director, officer,

trustee, employee, or agent of an employee benefit plan, the conduct is not

considered to be opposed to the best interests of the corporation if the person

reasonably believed that the conduct was in the best interests of the

participants or beneficiaries of the employee benefit plan.
I
tem 7. Exemption from Registration

Claimed.
Not

applicable.
Item 8. Exhibits.
Exhibit
4.1
Innovex,

Inc. 1994 Stock Plan, as amended
5.1
Opinion

of Lindquist & Vennum P.L.L.P.
23.1
Consent

of Lindquist & Vennum P.L.L.P. (included in Exhibit 5.1)
23.2
Consent

of Grant Thornton LLP, independent certified public accountants
24.1
Power

of Attorney (set forth on the signature page hereof)
3
Item 9. Undertakings.
(a) The Company hereby undertakes:
(1)

To file, during any period in which offers or sales are being made, a

post-effective amendment to this registration statement:
(i)

To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii)

To reflect in the prospectus any facts or events arising after the effective date of the

registration statement (or the most recent post-effective amendment thereof) which,

individually or in the aggregate, represent a fundamental change in the information set

forth in the registration statement. Notwithstanding the foregoing, any increase or

decrease in volume of securities offered (if the total dollar value of securities offered

would not exceed that which was registered) and any deviation from the low or high end of

the estimated maximum offering range may be reflected in the form of prospectus filed

with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume

and price represent no more than a 20% change in the maximum aggregate offering price set

forth in the "Calculation of Registration Fee" table in the effective registration

statement; and
(iii)

To include any material information with respect to the plan of distribution not

previously disclosed in the registration statement or any material change to such

information in the registration statement.
Provided,

however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration

statement is on Form S-3 or Form S-8 or Form F-3, and the information required to be

included in a post-effective amendment by those paragraphs is contained in periodic

reports filed with or furnished to the Commission by the registrant pursuant to section

13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by

reference in the registration statement.
(2)

That, for the purpose of determining any liability under the Securities Act of

1933, each such post-effective amendment shall be deemed to be a new

registration statement relating to the securities offered therein, and the

offering of such securities at that time shall be deemed to be the initial bona

fide offering thereof.
(3)

To remove from registration by means of a post-effective amendment any of the

securities being registered which remain unsold at the termination of the

offering.
(b) The undersigned

registrant hereby undertakes that, for purposes of determining any liability

under the Securities Act of 1933, each filing of the registrant's annual

report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934

(and, where applicable, each filing of an employee benefit plan's annual

report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is

incorporated by reference in the registration statement shall be deemed to be a

new registration statement relating to the securities offered therein, and the

offering of such securities at that time shall be deemed to be the initial bona

fide offering thereof.
(h) Insofar as

indemnification for liabilities arising under the Securities Act of 1933 (the

"Act") may be permitted to directors, officers, and controlling

persons of the registrant pursuant to the foregoing provisions, or otherwise,

the registrant has been advised that in the opinion of the Securities and

Exchange Commission such indemnification is against public policy as expressed

in the Act and is, therefore, unenforceable. In the event that a claim for

indemnification against such liabilities (other than the payment by the

registrant of expenses incurred or paid by a director, officer or controlling

person of the registrant in the successful defense of any action, suit or

proceeding) is asserted by such director, officer, or controlling person in

connection with the securities being registered, the registrant will, unless in

the opinion of its counsel the matter has been settled by controlling precedent,

submit to a court of appropriate jurisdiction the question whether such

indemnification by it is against public policy as expressed in the Act and will

be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant

to the requirements of the Securities Act of 1933, the registrant certifies that

it has reasonable grounds to believe that it meets all of the requirements for

filing on Form S-8 and has duly caused this registration statement to be signed

on its behalf by the undersigned, thereunto duly authorized, in the City of

Maple Plain, State of Minnesota, on February 25, 2002.
INNOVEX, INC.
By     /s/ William P. Murnane
William Murnane, President and Chief

Executive Officer
POWER OF

ATTORNEY
The

undersigned officers and directors of Innovex, Inc. hereby constitute and

appoint William Murnane and Thomas Paulson, or either of them, with power to act

one without the other, our true and lawful attorney-in-fact and agent, with full

power of substitution and resubstitution, for us and in our stead, in any and

all capacities to sign any and all amendments (including post-effective

amendments) to this Registration Statement and all documents relating thereto,

and to file the same, with all exhibits thereto, and other documents in

connection therewith, with the Securities and Exchange Commission, granting unto

said attorney-in-fact and agent, full power and authority to do and perform each

and every act and thing necessary or advisable to be done in and about the

premises, as fully to all intents and purposes as he might or could do in

person, hereby ratifying and confirming all that said attorney-in-fact and

agent, or his substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant

to the requirements of the Securities Act of 1933, as amended, this registration

statement has been signed below by the following persons on February 25, 2002 in

the capacities indicated.
Signature
/s/ Thomas

W. Haley
Thomas W. Haley, Chairman of the Board,
Director
/s/ Thomas

Paulson
Thomas Paulson, CFO, Corporate Secretary
/s/ William

P. Murnane
William P. Murnane, President and
Chief Executive Officer, Director
/s/ Raj K Nooyi
Raj K.

Nooyi, Director
/s/ Michael C. Slagle
Michael

C. Slagle, Director
/s/ Elick Eugene Hawk
Elick Eugene

Hawk, Director
6