8-K

UNITED STATESSECURITIES 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): May 1, 2008

Innovex, Inc.

(Exact name of Registrant as Specified in its Charter)

Minnesota

(State Or Other Jurisdiction Of Incorporation)

000-13143	41-1223933
(Commission File Number)	(I.R.S. Employer Identification No.)

3033 Campus Drive, Suite E180 Plymouth, MN	55441
(Address Of Principal Executive Offices)	(Zip Code)

(763) 479-5300

Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items under Sections 1 through 7 are not applicable and therefore omitted.

ITEM 8.01    Other Events

The Company hereby furnishes a press release issued on May 1, 2008 and attached hereto as Exhibit 99.1 disclosing material non-public information regarding the Company obtaining written confirmation from the Company’s Thai banking partners, Bank of Ayudhya and Thai Military Bank, of their approval of a restructuring of the Company’s long term debt facilities with these banks.

ITEM 9.01     Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release issued May 1, 2008

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, thereunto duly authorized.

		INNOVEX, INC.
		By:	/s/ Randy Acres
		Randy Acres
		Senior Vice President and CFO
Date:	May 1, 2008

EX-99.1

Exhibit 99.1

Innovex Obtains Approvals for Debt Restructuring

PLYMOUTH, Minn.--(BUSINESS WIRE)--Innovex (Nasdaq: INVX) today announced it has received written confirmation from the Company’s Thai banking partners, Bank of Ayudhya and Thai Military Bank, of their approval of a restructuring of the Company’s long term debt facilities with these banks. The debt restructuring is subject to negotiation of definitive documentation, which the Company expects will be completed in the current quarter.

“We are very pleased with the support we have received from our banking partners in providing working capital to aide us in working through this business transition period,” said Randy Acres, Innovex’s Chief Financial Officer.

“This significant first step will allow us to proceed with additional alternatives that are required to provide all the working capital necessary for our projected revenue ramps and to shore up our balance sheet,” stated Terry Dauenhauer, Innovex’s Chief Executive Officer. “We are now also able to devote more of our management efforts toward executing our business plan.”

About Innovex, Inc.

Innovex, Inc. is a leading manufacturer of high-density flexible circuit-based electronic interconnect solutions. Innovex’s products enable the miniaturization and increasing functionality of high technology electronic devices. Applications for Innovex’s products include data storage devices such as hard disk drives and tape drives, liquid crystal displays for mobile telecommunication devices, flat panel displays and printers. Innovex is known worldwide for its advanced technology and world class manufacturing.

Safe Harbor for Forward Looking Statements

Except for historical information contained herein, the matters discussed in this press release are forward looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products, impact of restructuring charges, changes in product mix, the impact of competitive products and pricing, effect of world-wide economic conditions on flexible circuit demand, changes in manufacturing efficiencies, fluctuations in financial results, continued cash availability under Company credit facilities, the ability of the Company to reach definitive agreement with its banks to restructure its long term debt, the ability to execute on additional alternatives to provide required working capital on a timely basis and on acceptable terms and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.

CONTACT:
Innovex, Inc.
Randy Acres, CFO, 763-383-4038
Facsimile: 763-383-4090
Internet: http://www.innovexinc.com