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 16, 2004

                                IPIX CORPORATION
             (Exact name of registrant as specified in its charter)


          DELAWARE                    000-26363                 52-2213841
         ----------                  -----------               ------------
       (State or other               (Commission              (IRS Employer
       jurisdiction of               File Number)         Identification Number)
       incorporation)


3160 Crow Canyon Road, San Ramon, California                            94583
-------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code:              (925) 242-4002
---------------------------------------------------             ---------------

                                       N/A
  -----------------------------------------------------------------------------
          (Former name or former address, if changed since last report)



<PAGE>




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

         (c)  Exhibits

Exhibit
Number                              Description
-------                         --------------------
99.1                       Press Release dated July 16, 2004


ITEM 12: RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The  following  information  is furnished  pursuant to Item 12,  "Disclosure  of
Results of Operations  and Financial  Condition" and shall not be deemed "filed"
for purposes of Section 18 of the Securities  Exchange Act of 1934, nor shall it
be deemed  incorporated  by reference in any filing under the  Securities Act of
1933.

On July 15,  2004,  IPIX  Corporation  issued  a press  release  announcing  its
financial  results  for the  quarter  ended June 30,  2004.  A copy of the press
release  is  attached  hereto  as  Exhibit  99.1 and is  incorporated  herein by
reference.



<PAGE>



                                   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.

IPIX CORPORATION

Dated:  July 16, 2004
                                    /s/ Paul Farmer
                                    -----------------
                                    Paul Farmer
                                    Chief Financial Officer




<PAGE>


                                  Exhibit Index


Exhibit
Number                              Description
------                     --------------------------
99.1                     Press Release dated July 15, 2004
[{"type": "8-K", "sequence": "1", "filename": "ipix8k071904.txt", "description": "IPIX CORPORATION 8K 071904", "secsgml_size_bytes": 3085}]
{"company-data": {"conformed-name": "IPIX CORP", "cik": "0001088022", "assigned-sic": "7389", "irs-number": "522213841", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26363", "film-number": "04919977"}, "business-address": {"street1": "1009 COMMERCE PARK DR", "street2": "SUITE 400", "city": "OAK RIDGE", "state": "TN", "zip": "37830", "phone": "8654823000"}, "mail-address": {"street1": "1009 COMMERCE PARK DR", "street2": "SUITE 400", "city": "OAK RIDGE", "state": "TN", "zip": "37830"}, "former-company": [{"former-conformed-name": "INTERNET PICTURES CORP", "date-changed": "20000210"}, {"former-conformed-name": "BAMBOO COM INC", "date-changed": "19990604"}]}
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 16, 2004

                                IPIX CORPORATION
             (Exact name of registrant as specified in its charter)

          DELAWARE                    000-26363                 52-2213841
         ----------                  -----------               ------------
       (State or other               (Commission              (IRS Employer
       jurisdiction of               File Number)         Identification Number)
       incorporation)

3160 Crow Canyon Road, San Ramon, California                            94583
-------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code:              (925) 242-4002
---------------------------------------------------             ---------------

                                       N/A
  -----------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
ITEM 7:           FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
                  INFORMATION AND EXHIBITS.

         (c)  Exhibits

Exhibit
Number                              Description
-------                         --------------------
99.1                       Press Release dated July 16, 2004

ITEM 12: RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The  following  information  is furnished  pursuant to Item 12,  "Disclosure  of
Results of Operations  and Financial  Condition" and shall not be deemed "filed"
for purposes of Section 18 of the Securities  Exchange Act of 1934, nor shall it
be deemed  incorporated  by reference in any filing under the  Securities Act of
1933.

On July 15,  2004,  IPIX  Corporation  issued  a press  release  announcing  its
financial  results  for the  quarter  ended June 30,  2004.  A copy of the press
release  is  attached  hereto  as  Exhibit  99.1 and is  incorporated  herein by
reference.
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.

IPIX CORPORATION

Dated:  July 16, 2004
                                    /s/ Paul Farmer
                                    -----------------
                                    Paul Farmer
                                    Chief Financial Officer
Exhibit Index

Exhibit
Number                              Description
------                     --------------------------
99.1                     Press Release dated July 15, 2004