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)  January 20, 2005
                                                         ------------------


                         Progenics Pharmaceuticals, Inc.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



          Delaware                  000-23143                 13-3379479
  ---------------------------       ---------                ------------
 (State or other jurisdiction      (Commission              (IRS Employer
      of incorporation)            File Number)           Identification No.)



          777 Old Saw Mill River Road, Tarrytown, New York         10591
       ------------------------------------------------------------------
              (Address of principal executive offices)          (Zip Code)


        Registrant's telephone number, including area code  (914) 789-2800
                                                           ----------------

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

   [ ] Written communications pursuant to Rule 425 under the Securities Act
       (17 CFR 230.425)

   [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
       (17 CFR 240.14a-12)

   [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
       Exchange Act (17 CFR 240.14d-2(b))

   [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
       Exchange Act (17 CFR 240.13e-4(c))





Section 7 - Regulation FD

Item 7.01      Regulation FD Disclosure

     Progenics Pharmaceuticals, Inc. today announced positive top-line results
from a phase 2 clinical trial of its investigational drug, methylnaltrexone
(MNTX) for the management of post-operative bowel dysfunction. Patients who
received MNTX following major abdominal surgery exhibited an acceleration of
gastrointestinal recovery by at least one day on average compared to placebo. A
copy of the press release is attached as Exhibit 99.1 and the information
contained therein is incorporated by reference into this Item 7.01 of this
Current Report on Form 8-K.

     The information furnished pursuant to Item 7.01 in this Form 8-K shall not
be deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liability of that Section,
unless we specifically incorporate it by reference in a document filed under the
Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no
duty or obligation to publicly update or revise the information furnished
pursuant to Item 7.01 in this Form 8-K.


Section 9 - Financial Statements and Exhibits

Item 9.01      Financial Statements and Exhibits

(c)  Exhibits

Exhibit Number                     Description
--------------                     ----------- 
99.1                               Press release dated January 20, 2005.








                                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.


                                   PROGENICS PHARMACEUTICALS, INC.


                                   By: /s/ ROBERT A. MCKINNEY
                                       -----------------------------------------
                                           Robert A. McKinney
                                           Vice President, Finance & Operations


Date: January 21, 2005