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) November 1, 2001
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                           SALIX PHARMACEUTICALS, LTD.

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             (Exact name of registrant as specified in its charter)


                             British Virgin Islands

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                 (State or other jurisdiction of incorporation)


             000-23265                                   94-3267443
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     (Commission file Number)                     (IRS Employer ID Number)


      8540 Colonnade Center Drive, Suite 501, Raleigh, North Carolina 27615
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(Address of principal executive offices)                            (Zip Code)


Registrant's telephone number, including area code             (919) 862-1000
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Item 7.  Financial Statements and Exhibits

(c)         Exhibits

99.1        Press Release dated November 1, 2001

Item 9.  Regulation FD Disclosure.

            On November 1, 2001, Salix announced its operating results for the
quarter ended September 30, 2001.

            A copy of this press release is attached as an exhibit.



                                   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.

                                 SALIX PHARMACEUTICALS, LTD.



Date: November 1, 2001               By:  /s/ Adam C. Derbyshire
                                          ---------------------------
                                          Adam C. Derbyshire
                                          Vice President and Chief Financial
                                               Officer