XECHEM INTERNATIONAL INC
8-K, 1997-02-10
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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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): February 5, 1996



                          Xechem International, Inc.
            (Exact name of Registrant as Specified in its Charter)



      Delaware                  0-23788                   22-3284803
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)



                       100 Jersey Avenue, Bldg. B, #310
                          New Brunswick, N.J. 08901
                   (Address of Principal Executive Offices)


Registrant's telephone number, including area code:      (908) 247-3300

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Item 5.  Other Events

      On February 4, 1997, Xechem  International,  Inc. (the "Company") received
notice after close of business from the Nasdaq Stock Market  ("Nasdaq") that the
Company's  common stock and warrants have been delisted from further  trading on
Nasdaq  effective at the close of business on February 4, 1997.  The Company has
not yet  determined  whether it will appeal the hearing  panel's  decision.  The
Company is also  investigating  the  possibility of listing its common stock and
warrants on a regional stock exchange. Subsequent to such delisting, the Company
expects that trading for both the  Company's  common stock and warrants  will be
conducted on the OTC Bulletin Board or in the over-the-counter market on what is
commonly referred to as the "pink sheets".


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                                   SIGNATURES

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


                                                  Xechem International, Inc.



                                    By:          /s/ Ramesh C. Pandey
                                      Dr. Ramesh C. Pandey, President and Chief
                                Executive Officer





Dated: February 10, 1997


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