content: 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)           February 15, 2000
  
  
                                    Cortech, Inc.
                ----------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
                                      Delaware
                    --------------------------------------------
                   (State or other jurisdiction of Incorporation)
  
  
          0-22018                                           84-0894091
   ----------------------                      ----------------------------------
  (Commission File Number)                    (IRS Employer Identification Number)
  
  
             376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
            ------------------------------------------------------------
                 (Address of Principal Executive Offices, Zip Code)
  
  
                                    908-234-1881
                 --------------------------------------------------
                (Registrant's Telephone Number, including area code)
  
                                   Not Applicable
            -------------------------------------------------------------
           (Former name or former addresses, if changed since last report)
  
  
  <PAGE>
  
  Item 5. Other Events
  --------------------
  
  
       On February 15, 2000,  the Vice  Chancellor of the Court of Chancery of the
  State of Delaware in and for New Castle  County,  signed a Scheduling  Order For
  Approval  of  Settlement  of a  previously  filed  and  amended  complaint.  The
  complaint  was brought by a stockholder  of the Company as (i) a proposed  class
  action on behalf of all the Company's  stockholders  and (ii)  derivative in the
  right  of the  Company,  against  the  members  of  Cortech's  former  board  of
  directors.
  
       As more fully  explained in Exhibit 99.1 attached and  incorporated  hereto
  and  incorporated  herein  its  entirety  by this  reference,  is the  Notice of
  Pendency  of  Derivative  Action,  Proposed  Settlement  of  Derivative  Action,
  Settlement Hearing and Right to Appear.
  
  Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
  ---------------------------------------------------------------------------
  
  (c)     Exhibits
  
  Item    Exhibit
  ----    -------
  
  99.1    Notice  of  Pendency  of  Derivative  Action,  Proposed   Settlement  of
          Derivative  Action, Settlement Hearing and Right to Appear.
  
  <PAGE>
  
                                      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 hereunto duly authorized.
  
                                                    CORTECH, INC.
  
  
                                                    By: /s/ John W. Galuchie, Jr.
                                                        --------------------------
                                                    Name:  John W. Galuchie, Jr.
                                                    Title: President
  
  Dated: February 23, 2000
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "ITEM 5.", "secsgml_size_bytes": 3360}]
metadata_filer: {"company-data": {"conformed-name": "CORTECH INC", "cik": "0000728478", "assigned-sic": "2834", "irs-number": "840894091", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20726", "film-number": "551099"}, "business-address": {"street1": "6850 NORTH BROADWAY", "street2": "SUITE G", "city": "DENVER", "state": "CO", "zip": "80221", "phone": "3036501200"}, "mail-address": {"street1": "376 MAIN STREET", "street2": "P.O. BOX 74", "city": "BEDMINSTER", "state": "NJ", "zip": "07921"}}
text: 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)           February 15, 2000
  
                                    Cortech, Inc.
                ----------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
                                      Delaware
                    --------------------------------------------
                   (State or other jurisdiction of Incorporation)
  
          0-22018                                           84-0894091
   ----------------------                      ----------------------------------
  (Commission File Number)                    (IRS Employer Identification Number)
  
             376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
            ------------------------------------------------------------
                 (Address of Principal Executive Offices, Zip Code)
  
                                    908-234-1881
                 --------------------------------------------------
                (Registrant's Telephone Number, including area code)
  
                                   Not Applicable
            -------------------------------------------------------------
           (Former name or former addresses, if changed since last report)
  Item 5. Other Events
  --------------------
  
       On February 15, 2000,  the Vice  Chancellor of the Court of Chancery of the
  State of Delaware in and for New Castle  County,  signed a Scheduling  Order For
  Approval  of  Settlement  of a  previously  filed  and  amended  complaint.  The
  complaint  was brought by a stockholder  of the Company as (i) a proposed  class
  action on behalf of all the Company's  stockholders  and (ii)  derivative in the
  right  of the  Company,  against  the  members  of  Cortech's  former  board  of
  directors.
  
       As more fully  explained in Exhibit 99.1 attached and  incorporated  hereto
  and  incorporated  herein  its  entirety  by this  reference,  is the  Notice of
  Pendency  of  Derivative  Action,  Proposed  Settlement  of  Derivative  Action,
  Settlement Hearing and Right to Appear.
  
  Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
  ---------------------------------------------------------------------------
  
  (c)     Exhibits
  
  Item    Exhibit
  ----    -------
  
  99.1    Notice  of  Pendency  of  Derivative  Action,  Proposed   Settlement  of
          Derivative  Action, Settlement Hearing and Right to Appear.
  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 hereunto duly authorized.
  
                                                    CORTECH, INC.
  
                                                    By: /s/ John W. Galuchie, Jr.
                                                        --------------------------
                                                    Name:  John W. Galuchie, Jr.
                                                    Title: President
  
  Dated: February 23, 2000