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

                                  June 4, 2001
                         ------------------------------
                        (Date of Earliest Event Reported)




                      PHAGE THERAPEUTICS INTERNATIONAL INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                     FLORIDA
                            ------------------------
                            (State of Incorporation)

                                                          91-1930691
    ---------------------                             -------------------
    (Commission File No.)                   (I.R.S. Employer Identification No.)




           19017 120th Avenue NE, Suite 102, Bothell, Washington 98011
          -------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (425) 481-6255
                         ------------------------------
              (Registrant's telephone number, including area code)




ITEM 5. OTHER EVENTS

On June 4, 2001 the  Registrant  issued  the press  release  attached  hereto as
Exhibit 1 which is incorporated  herein by reference.  The press release relates
to an  announcement  by the Registrant of the  adjournment of the Annual General
Meeting to Monday, September 10, 2001 at 11 a.m. (the "AGM").







ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c) Exhibits.

               1. Press Release dated June 4, 2001.




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.

Dated: June 4, 2001

                         PHAGE THERAPEUTICS INTERNATIONAL
                         INC.
                         (Registrant)

                         By: /s/ Darren Pylot
                         -------------------------------------
                         Darren Pylot, Chief Financial Officer & Director







                                    Exhibit 1
                                    ---------
                                                                    June 4, 2001

                                                              OTCBB SYMBOL: PTXX




                                  NEWS RELEASE

                  ANNUAL GENERAL MEETING ON SEPTEMBER 10, 2001


BOTHELL,  WASHINGTON - Phage Therapeutics  International Inc.  (OTCBB:PTXX) (the
"Company")  wishes to announce that it has adjourned its annual general  meeting
to  September  10,  2001 at 11 a.m.  (the  "AGM").  The AGM  will be held at the
Company's headquarters at 19017 120th Avenue NE, Suite 102, Bothell, Washington.
The shareholders of record will be re- set and announced closer to the AGM date.

Phage Therapeutics  International Inc. is a Florida corporation,  doing business
in  Washington  State,  formed to develop,  manufacture  and achieve  regulatory
approval  of  bacteriophage   pharmaceutical   products  for  the  treatment  of
antibiotic-resistant and other bacterial infections.

Currently, the Company has 13,188,301 shares issued and outstanding.

For Investor Relations information, please contact:

Chris Tomanik 1-888-224-4144

PHAGE THERAPEUTICS INTERNATIONAL INC.

"Darren Pylot"

Darren Pylot,
Chief Financial Officer & Director



THE SEC AND NASD HAVE NOT  REVIEWED AND DOES NOT ACCEPT  RESPONSIBILITY  FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking  statements and comments in this press release are made pursuant
to safe  harbor  provisions  of the  Securities  Exchange  Act of 1934.  Certain
statements which describe the Company's intentions, expectations or predictions,
are  forward-looking  and are subject to important risks and uncertainties.  The
results or events  predicted  in these  statements  may differ  materially  from
actual results or events.  Factors which could cause results or events to differ
from  current  expectations  include,  among other  things:  the impact of rapid
technological  and market  change;  general  industry and market  conditions and
growth rates; international growth and global economic conditions,  particularly
in emerging  markets and  including  interest  rates and currency  exchange rate
fluctuations; and the impact of consolidations in the technology industry. These
risks may further be discussed in periodic reports and  registration  statements
to be filed by the Company  from time to time with the  Securities  and Exchange
Commission in the future.