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): OCTOBER 17, 2002



                                   MEDJET INC.
             (Exact name of registrant as specified in its charter)



   DELAWARE                           1-11765                    22-3283541
(State or other                 (Commission File Number)      (I.R.S. Employee
jurisdiction of incorporation)                            Identification Number)



                     1090 KING GEORGES POST ROAD, SUITE 301
                            EDISON, NEW JERSEY 08837
               (Address of principal executive offices) (Zip Code)




Registrant's telephone number, including area code: 732-738-3990










ITEM 5.    OTHER EVENTS.

         The Registrant hereby incorporates by reference the contents of the
press release of the Registrant dated October 17, 2002, filed herewith as
Exhibit 99.1.

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

           (c) Exhibits.

               99.1   Press Release of Medjet Inc. dated October 17, 2002.



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                                    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.

                                            MEDJET INC.



Date: October 24, 2002               By:    /s/Eugene I. Gordon, Ph.D.
                                            -----------------------------------
                                            Eugene I. Gordon, Ph.D.
                                            Chairman of the Board and Chief
                                                Executive Officer

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                                  EXHIBIT INDEX

99.1              Press Release of Medjet Inc. dated October 17, 2002.


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