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 April, 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 April 26, 2002, AltaRex Corp. (the "Company") announced that ICN
Pharmaceuticals, Inc. has brought suit against the Company in the Superior Court
of Orange County in California. The full text of the press release issued in
connection with the announcement is filed as Exhibit 99.1 to this report on Form
6-K and is incorporated herein by reference.


                                INDEX TO EXHIBITS


EXHIBIT NO.                               DESCRIPTION
- -----------                               -----------
99.1                          Press Release Regarding Suit by ICN
                              Pharmaceuticals, Inc., dated April 26, 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:  April 29, 2002






                                     - 2 -