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 23, 2003
                                                          -------------


                        CollaGenex Pharmaceuticals, Inc.
                        --------------------------------
               (Exact Name of Registrant as Specified in Charter)


        Delaware                        0-28308                  52-1758016
- --------------------------------------------------------------------------------
(State or Other Jurisdiction   (Commission File Number)        (IRS Employer
    of Incorporation)                                        Identification No.)



41 University Drive, Newtown, Pennsylvania                             18940
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(Address of Principal Executive Offices)                             (Zip Code)


                                 (215) 579-7388
                        ---------------------------------
                         (Registrant's telephone number,
                              including area code)



          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)






ITEM 5.  OTHER EVENTS.

On July, 23, 2003, CollaGenex Pharmaceuticals, Inc., a Delaware corporation (the
"Company"),  issued a press release  announcing  that the United States District
Court  of  the  District  of  Columbia  has  granted  a  preliminary  injunction
temporarily  restraining  the  FDA  from  approving  any  abbreviated  new  drug
applications  ("ANDAs") submitted for a capsule or tablet generic dosage form of
Periostat(R) (doxycycline hyclate) 20mg.

In addition,  the Company announced that until the Court has made a final ruling
on the  regulatory  status of  Periostat,  specifically  whether or not the drug
should be classified as an antibiotic,  the FDA cannot approve the ANDAs on file
for West-ward  Pharmaceutical  Corporation's 20 mg doxycycline  hyclate capsule,
Mutual  Pharmaceutical  Company's 20 mg doxycycline  hyclate tablet or any other
ANDA for a generic version of Periostat.

As a result of the ruling in the District Court of the District of Columbia, the
Company  has  withdrawn  its  motion  for  a  temporary  restraining  order  and
preliminary   injunction  in  its  patent   infringement   suit  against  Mutual
Pharmaceutical  Company, which was previously filed in the District Court of the
Eastern District of New York,  although its complaint  remains  outstanding.  In
addition,  the Company is considering its alternatives  regarding its motion for
preliminary  injunction in its patent  infringement suit filed against West-ward
Pharmaceutical Corporation in the same jurisdiction.

The foregoing  statements are qualified in their entirety by the Company's press
release,  a complete  copy of which is filed  herewith  as  Exhibit  99.1 and is
incorporated herein by reference.

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

     (c) Exhibits.

 Exhibit No.   Description
 ----------    ------------

    99.1       Press release of CollaGenex Pharmaceuticals,  Inc., dated July
               23, 2003.






                                   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.

                                    COLLAGENEX PHARMACEUTICALS, INC.



                                          By: /s/ Nancy C. Broadbent
                                             ------------------------------
                                              Nancy C. Broadbent
                                              Chief Financial Officer
                                              (Principal Financial Officer)


Date:  July 23, 2003