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)         September 29, 1998
  
  
                                    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)
  
  
  6850 N. Broadway, Suite G, Denver, Colorado                             80221
  (Address of Principal Executive Offices)                              (Zip Code)
  
  
                                    303-650-1200
                (Registrant's Telephone Number, including area code)
  
                                   Not Applicable
           (Former name or former addresses, if changed since last report)
  
  
  <PAGE>
  
  Item 5. Other Information
  -------------------------
       
       On  September  29,  1998,  the Board of  Directors  of Cortech,  Inc.  (the
  "Company") authorized the redemption of all outstanding preferred share purchase
  rights  issued  pursuant  to the Rights  Agreement,  dated as of June 13,  1995,
  between the Company and American  Securities  Transfer,  Inc.,  as Rights Agent,
  effective as of the close of business on October 13, 1998,  with the  redemption
  price of $.10 per right to be paid in cash on October 14, 1998 to the holders of
  record of Common Stock of the Company as of the close of business on October 13,
  1998.
  
  Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
  ---------------------------------------------------------------------------
  
  (c)     Exhibits
  
  Item    Exhibit
  
  20      Copy of the letter to be sent to Stockholders, dated  October  14, 1998,
          relating to the redemption of preferred  share  purchase  rights  issued
          pursuant  to  the  Agreement,  dated  as  of June 13, 1995,  between the
          Company and American Securities Transfer, Inc., as Rights Agent.
  
  
  <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: October 5, 1998
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "ITEM 5.", "secsgml_size_bytes": 2924}]
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": "98720664"}, "business-address": {"street1": "6850 NORTH BROADWAY", "street2": "SUITE G", "city": "DENVER", "state": "CO", "zip": "80221", "phone": "3036501200"}}
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)         September 29, 1998
  
                                    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)
  
  6850 N. Broadway, Suite G, Denver, Colorado                             80221
  (Address of Principal Executive Offices)                              (Zip Code)
  
                                    303-650-1200
                (Registrant's Telephone Number, including area code)
  
                                   Not Applicable
           (Former name or former addresses, if changed since last report)
  Item 5. Other Information
  -------------------------
       
       On  September  29,  1998,  the Board of  Directors  of Cortech,  Inc.  (the
  "Company") authorized the redemption of all outstanding preferred share purchase
  rights  issued  pursuant  to the Rights  Agreement,  dated as of June 13,  1995,
  between the Company and American  Securities  Transfer,  Inc.,  as Rights Agent,
  effective as of the close of business on October 13, 1998,  with the  redemption
  price of $.10 per right to be paid in cash on October 14, 1998 to the holders of
  record of Common Stock of the Company as of the close of business on October 13,
  1998.
  
  Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
  ---------------------------------------------------------------------------
  
  (c)     Exhibits
  
  Item    Exhibit
  
  20      Copy of the letter to be sent to Stockholders, dated  October  14, 1998,
          relating to the redemption of preferred  share  purchase  rights  issued
          pursuant  to  the  Agreement,  dated  as  of June 13, 1995,  between the
          Company and American Securities Transfer, Inc., as Rights Agent.
  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: October 5, 1998