UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                       PURSUANT TO RULE 13a-16a OR 15d-16
                     OF THE SECURITIES EXCHANGE ACT OF 1934




For the Month of January, 2002

ALTAREX CORP.
(Exact name of Registrant as specified in its charter)

610 LINCOLN STREET
WALTHAM, MA, USA 02451
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

Form 20-F      X       Form 40-F
           --------               -------

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes               No    X
     -------          -------

On January 24, 2002, AltaRex Corp. (the "Company") announced clinical results
from a primary analysis of its OvaRex(R) combined United States and Canadian
phase IIb trial in metastatic late stage ovarian cancer. The full text of the
press release issued in connection with the announcement is filed as Exhibit
99.1 to this Current Report on Form 6-K and is incorporated herein by reference.


                                INDEX TO EXHIBITS

EXHIBIT NO.                         DESCRIPTION
- -----------                         -----------

99.1           Press Release Regarding OvaRex(R) Phase IIb Results, dated
               January 24, 2002.






     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                 ALTAREX CORP.

                                 By: /s/ Edward M. Fitzgerald
                                   --------------------------------------------


                                 Name:  Edward M. Fitzgerald


                                 Title: Senior Vice President and
                                        Chief Financial Officer

                                 Date:  January 29, 2002





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