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 June, 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 June 21, 2002, AltaRex Corp. (the "Company") announced that at its
annual meeting of shareholders, the President outlined the strategic direction
of the Company.  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 Strategic Direction, dated June 21, 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/ Richard E. Bagley
                                          -------------------------
                                          Name:  Richard E. Bagley
                                          Title: President and
                                                 Chief Executive Officer


                                          Date: June 21, 2002