<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001866841</cik>
        <entityName>Pacylex Pharmaceuticals Inc.</entityName>
        <issuerAddress>
            <street1>400 3rd Avenue SW</street1>
            <street2>Suite 3700</street2>
            <city>Calgary</city>
            <stateOrCountry>A0</stateOrCountry>
            <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
            <zipCode>T2P 4H2</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>780-264-4295</issuerPhoneNumber>
        <jurisdictionOfInc>CANADA (FEDERAL LEVEL)</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cindy</firstName>
                <lastName>Jacobs</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <lastName>Huson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Weickert</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Luc</firstName>
                <middleName>G.</middleName>
                <lastName>Berthiaume</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Mackey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ryan</firstName>
                <lastName>Heit</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ajit</firstName>
                <lastName>Gill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nola</firstName>
                <lastName>Masterson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Pacylex Pharmaceuticals Inc.</street1>
                <street2>400 3rd Avenue SW, Suite 3700</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2P 4H2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pharmaceuticals</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06c</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2024-03-21</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>75000</totalOfferingAmount>
            <totalAmountSold>75000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>This filing covers, in part, the sale of common shares issued as a result of the conversion of convertible notes.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <signature>
                <issuerName>Pacylex Pharmaceuticals Inc.</issuerName>
                <signatureName>/s/ Ryan Heit</signatureName>
                <nameOfSigner>Ryan Heit</nameOfSigner>
                <signatureTitle>Chief Operating Officer</signatureTitle>
                <signatureDate>2024-04-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
