Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ELLIOTT INTERNATIONAL, L.P.
   2. Issuer Name and Ticker or Trading Symbol
BIODELIVERY SCIENCES INTERNATIONAL INC [BDSI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O MAPLES & CALDER, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
07/21/2009
(Street)

GEORGE TOWN, E9 00000		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/21/2009   S   60 D $ 5.3 217,125 D  
Common Stock 07/21/2009   S   31 D $ 5.31 217,094 D  
Common Stock 07/21/2009   S   780 D $ 5.39 216,314 D  
Common Stock 07/21/2009   S   13,370 D $ 5.4 202,944 D  
Common Stock 07/21/2009   S   840 D $ 5.41 202,104 D  
Common Stock 07/21/2009   S   60 D $ 5.42 202,044 D  
Common Stock 07/21/2009   S   120 D $ 5.49 201,924 D  
Common Stock 07/21/2009   S   5,139 D $ 5.5 196,785 D  
Common Stock 07/22/2009   S   8,640 D $ 5.45 188,145 D  
Common Stock 07/22/2009   S   4,380 D $ 5.48 183,765 D  
Common Stock 07/22/2009   S   2,895 D $ 5.49 180,870 D  
Common Stock 07/22/2009   S   120 D $ 5.4901 180,750 D  
Common Stock 07/22/2009   S   5,607 D $ 5.5 175,143 D  
Common Stock 07/22/2009   S   60 D $ 5.505 175,083 D  
Common Stock 07/22/2009   S   1,575 D $ 5.51 173,508 D  
Common Stock 07/22/2009   S   675 D $ 5.52 172,833 D  
Common Stock 07/22/2009   S   1,743 D $ 5.53 171,090 D  
Common Stock 07/22/2009   S   750 D $ 5.55 170,340 D  
Common Stock 07/22/2009   S   4,680 D $ 5.75 165,660 D  
Common Stock 07/22/2009   S   600 D $ 5.76 165,060 D  
Common Stock 07/22/2009   S   540 D $ 5.77 164,520 D  
Common Stock 07/22/2009   S   6,240 D $ 5.78 158,280 D  
Common Stock 07/22/2009   S   135 D $ 5.8 158,145 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ELLIOTT INTERNATIONAL, L.P.
C/O MAPLES & CALDER, P.O. BOX 309
UGLAND HOUSE, SOUTH CHURCH STREET
GEORGE TOWN, E9 00000		     X    

Signatures

 Elliot Greenberg, V.P. of Elliott International Capital Advisors Inc., as Attorney-In-Fact for Elliott International, L.P.   07/23/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
Elliott International Capital Advisors Inc., a Delaware corporation ("EICA"), is the investment manager of Elliott
 International, L.P., a Cayman Islands exempt limited partnership ("Elliott International").  EICA may be deemed to have
 beneficial ownership of the securities owned by Elliott International.  EICA disclaims beneficial ownership of and any
 pecuniary interest in any of the securities with respect to which indirect beneficial ownership is described in this Form 4.
  Pursuant to Rule 16a-1(a)(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting
 Persons herein states that the filing of this Form 4 and the statements made herein shall not be deemed an admission that it
 is the beneficial owner of any of the securities covered by this Form.

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