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                                  UNITED STATES

                       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 16, 2005

                               ARADIGM CORPORATION
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             (Exact name of registrant as specified in its charter)

            California                  0-28402              94-3133088
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   (State or other jurisdiction       (Commission           (IRS Employer
        of incorporation)             File Number)       Identification No.)

                               3929 Point Eden Way
                                Hayward, CA 94545
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           (Address of principal executive offices including zip code)

        Registrant's telephone number, including area code (510) 265-9000


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         (Former name or former address, if changed since last report.)

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))

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ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On February 16, 2005, Aradigm Corporation (the "Company") announced via press
release the Company's results for its fiscal quarter and fiscal year ended
December 31, 2004. A copy of the Company's press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(c)    Exhibits.

99.1   Press Release, dated February 16, 2005.



                                   SIGNATURES

     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 hereunto duly authorized.

                                   ARADIGM CORPORATION

     Dated: February 16, 2005      By:       /s/ THOMAS  C. CHESTERMAN
                                             -----------------------------------
                                             Thomas C. Chesterman
                                   Title:    Senior Vice President and
                                             Chief Financial Officer
                                             (Principal Financial and
                                             Accounting Officer)



INDEX TO EXHIBITS

EXHIBIT
NUMBER     DESCRIPTION
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99.1       Press Release, dated February 16, 2005