ALTAREX CORP
6-K, 2000-11-07
PHARMACEUTICAL PREPARATIONS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                        PURSUANT TO RULE 13a-16a, 15d-16
                     OF THE SECURITIES EXCHANGE ACT OF 1934




For the Month of November, 2000

ALTAREX CORP.
(Exact name of Registrant as specified in its charter)

610 LINCOLN STREET
WALTHAM, MA, USA 02451
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

Form 20-F          X      Form 40-F
                  ----               ----

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes           No    X
     ----          ---


On November 1, 2000 AltaRex Corp. (the "Company") announced that it plans to
implement a share consolidation pursuant to which every four pre-consolidation
common shares will be exchanged for one post-consolidation common share. As a
result of the share consolidation, the Company's approximately 74 million shares
outstanding will become approximately 18.5 million shares.


                                INDEX TO EXHIBITS


EXHIBIT NO.        DESCRIPTION
-----------        -----------

99.1               Press Release Regarding Implementation of Share
                   Consolidation, dated November 1, 2000.



<PAGE>   2


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                           ALTAREX CORP.

                                           By: /s/ Edward M. Fitzgerald
                                               ---------------------------------

                                           Name: Edward M. Fitzgerald


                                           Title: Senior Vice President and
                                                  Chief Financial Officer

                                           Date:   November 7, 2000


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