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) May 29, 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
                                                    ----------------------------



Item 5. Other Events and Regulation FD Disclosure

     Salix Pharmaceuticals, Ltd. issued a press release today announcing that it
will present at the UBS Warburg Global Specialty Pharmaceuticals Conference in
New York, New York on Wednesday, June 5, 2002 at 11:00 a.m. EDT. A copy of this
press release is attached as an exhibit.


Item 7. Financial Statements and Exhibits

(c) Exhibits

     99.1 Press Release dated May 29, 2002






                                   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: May 29, 2002                        By: /s/  Adam C. Derbyshire
                                              -------------------------------
                                              Adam C. Derbyshire
                                              Vice President and Chief Financial
                                              Officer