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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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): July 15, 2004

                       Medicis Pharmaceutical Corporation
               (Exact Name of Registrant as Specified in Charter)


           Delaware                      0-18443                  52-1574808
(State or Other Jurisdiction of   (Commission File Number)     (IRS Employer
        Incorporation)                                       Identification No.)


8125 North Hayden Road
Scottsdale, Arizona                                                   85258-2463
(Address of Principal                                                 (Zip Code)
Executive Offices)


Registrant's telephone number, including area code:               (602) 808-8800



                                       N/A
             -------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



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Item 5.    Other Events

         On July 15, 2004, Medicis Pharmaceutical Corporation (the "Company")
issued a press release announcing that it had entered into an exclusive license
agreement with Q-Med AB ("Q-Med") to market, distribute, sell and commercialize
in the United States and Canada Q-Med's product currently known as SubQ(TM).

         A copy of the Company's press release is attached hereto as Exhibit
99.1.

Item 7.    Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not Applicable.

(b) Pro Forma Financial Information.

Not Applicable.

(c) Exhibits.

99.1       Copy of press release, dated July 15, 2004, issued by Medicis
           Pharmaceutical Corporation



                                   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.

                                      MEDICIS PHARMACEUTICAL CORPORATION
                                      (Registrant)


Date:  July 15, 2004                  /s/ Mark A. Prygocki, Sr.
                                      ------------------------------------------
                                      Name:      Mark A. Prygocki, Sr.
                                      Title:     Executive Vice President,
                                                 Chief Financial Officer,
                                                 Corporate Secretary and
                                                 Treasurer



                                  EXHIBIT INDEX


EXHIBIT
NUMBER     DESCRIPTION
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99.1       Copy of press release, dated July 15, 2004, issued by Medicis
           Pharmaceutical Corporation