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) February 5, 2002


                           SALIX PHARMACEUTICALS, LTD.
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             (Exact name of registrant as specified in its charter)


                                    Delaware
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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 5. Other Events and Regulation FD Disclosure

     On February 5, 2002, Salix Pharmaceuticals announced it will report fourth
quarter and year ended December 31, 2001 financial results before the market
opens on Tuesday, February 12, 2002.

     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: February 5, 2002                By:  /s/  Adam C. Derbyshire
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                                           Adam C. Derbyshire
                                           Vice President and Chief Financial
                                           Officer