BIONX IMPLANTS INC
8-K, 1997-05-20
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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                       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 20, 1997

                              BIONX IMPLANTS, INC.
             (Exact name of registrant as specified in its charter)

    Delaware                     333-22359                        22-3458598
(State or other                 (Commission                     (IRS Employer
jurisdiction of                 File Number)                     Identification
incorporation)                                                      Number)


1777 Sentry Parkway West, Gwynedd Hall, Suite 400, Blue Bell, PA      19422
         (Address of principal executive offices)                   (Zip Code)


Registrant's telephone number,
including area code:  (215) 643-5000

                  279B Great Valley Parkway, Malvern, PA         19355
                  (Former address)                             (Zip Code)



<PAGE>


Item 5.  Other Events.

     On May 20, 1997,  Bionx Implants,  Inc. (the "Company") sold 300,000 shares
of its Common  Stock upon the  exercise  by the  underwriters  of the  Company's
initial public offering of the  over-allotment  option.  The shares were sold at
the  initial  public  offering  price of $10.50  per  share.  The  Company  sold
2,000,000  shares of its Common  Stock in its  initial  public  offering,  which
closed on April 30, 1997. No shares were sold by selling shareholders.


                                   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.

                               BIONX IMPLANTS, INC.



                               By:/s/Michael J. O'Brien
                                     Vice President and Chief Financial Officer

Dated:  May 20, 1997



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