ALTAREX CORP
6-K, 2001-01-16
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 December, 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 December 22, 2000 AltaRex Corp. (the "Company") announced that it has closed
its previously announced private placement of Common Shares, resulting in net
proceeds of C$7.75 million and the issuance of 3,522,727 Common Shares.


                                INDEX TO EXHIBITS

EXHIBIT NO.                              DESCRIPTION
99.1             Press Release Regarding Private Placement of Common Shares,
                 dated December 22, 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:   January 16, 2001


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