UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  ____________

                                  SCHEDULE 13G

                                (Amendment No. _)

                    Under the Securities Exchange Act of 1934

                       Inverness Medical Innovations, Inc.
--------------------------------------------------------------------------------
                                (Name of issuer)

                     Common Stock, par value 0.001 per share
--------------------------------------------------------------------------------
                         (Title of class of securities)

                                   46126P 10 6
--------------------------------------------------------------------------------
                                 (CUSIP number)

                                December 31, 2001
--------------------------------------------------------------------------------
             (Date of Event which requires filing of this Statement)

                Check the appropriate box to designate the rule
                   pursuant to which this schedule is filed:

                               /X/ Rule 13d-1 (b)
                               /_/ Rule 13d-1 (c)
                               /_/ Rule 13d-1 (d)




------------------------------                   -------------------------------
CUSIP No. 46126P106                  13G               Page 2 of 6 Pages
------------------------------                   -------------------------------



-------- -----------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Deutsche Bank AG
-------- -----------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a) /_/
                                                                       (b) /_/
-------- -----------------------------------------------------------------------
3        SEC USE ONLY

-------- -----------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         Federal Republic of Germany
---------------------------- ------ --------------------------------------------
NUMBER OF SHARES             5      SOLE VOTING POWER
                                    705,600
                             ------ --------------------------------------------
BENEFICIALLY OWNED BY               SHARED VOTING POWER
                             6      0
                             ------ --------------------------------------------
EACH REPORTING                      SOLE DISPOSITIVE POWER
                             7      705,600
                             ------ --------------------------------------------
PERSON WITH                         SHARED DISPOSITIVE POWER
                             8      0
-------- -----------------------------------------------------------------------
 9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         705,600
-------- -----------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                    /_/
-------- -----------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         9.1%
-------- -----------------------------------------------------------------------
12       TYPE OF REPORTING PERSON

         HC, BK, CO
-------- -----------------------------------------------------------------------



Item 1(a).     Name of Issuer:

               Inverness Medical Innovations, Inc. (the "Issuer")

Item 1(b).     Address of Issuer's Principal Executive Offices:

               The address of the  Issuer's  principal  executive  offices is 51
               Sawyer Road, Suite 200, Waltham, MA 02453.

Item 2(a).     Name of Person Filing:

               This  statement  is  filed on  behalf  of  Deutsche  Bank AG (the
               "Reporting Person").

Item 2(b).     Address of Principal Business Office or, if none, Residence:

               The  principal  place of  business  of the  Reporting  Person  is
               Taunusanlage 12, D-60325,  Frankfurt am Main, Federal Republic of
               Germany.

Item 2(c).     Citizenship:

               The citizenship of the Reporting Person is set forth on the cover
               page.

Item 2(d).     Title of Class of Securities:

               The title of the  securities  is  Common  Stock  (the  "Common
               Stock").

Item 2(e).     CUSIP Number:

               The CUSIP number of the Common Stock is set forth on the cover
               page.

Item 3.        If this  statement  is filed  pursuant to Rules  13d-1(b),  or
               13d-2(b) or (c), check whether the person filing is a:

               (a)  /_/ Broker or dealer registered under section 15 of the Act;

               (b)  /X/ Bank as defined in section 3(a)(6) of the Act;*

               (c)  /_/ Insurance  Company as defined in section 3(a)(19) of the
                    Act;

               (d)  /_/  Investment  Company  registered  under section 8 of the
                    Investment Company Act of 1940;

----------------
* The Reporting  Person, a banking  institution  organized under the laws of the
Federal Republic of Germany,  is filing this Schedule 13G under Rule 13d-1(b) as
a "bank" in reliance upon the letter of the Securities  and Exchange  Commission
to Deutsche Bank AG dated April 14, 1994.


                                      -3-


               (e)  /_/ An  investment  adviser  in  accordance  with Rule 13d-1
                    (b)(1)(ii)(E);

               (f)  /_/  An  employee   benefit  plan,  or  endowment   fund  in
                    accordance with Rule 13d-1 (b)(1)(ii)(F);

               (g)  /_/ A parent holding company or control person in accordance
                    with Rule 13d-1 (b)(1)(ii)(G);

               (h)  /_/ A savings  association as defined in section 3(b) of the
                    Federal Deposit Insurance Act;

               (i)  /_/ A church plan that is excluded from the definition of an
                    investment  company under section 3(c)(14) of the Investment
                    Company Act of 1940;

               (j)  /_/ Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

               If this statement is filed pursuant to Rule 13d-1 (c), check this
          box. /_/

Item 4.        Ownership.

               (a)  Amount beneficially owned:


               The  Reporting  Person owns the amount of the Common Stock as set
          forth on the cover page.

               (b)  Percent of class:

               The Reporting  Person owns the  percentage of the Common Stock as
          set forth on the cover page.

               (c)  Number of shares as to which such person has:

                    (i)  sole power to vote or to direct the vote:

                         The  Reporting  Person  has the  sole  power to vote or
                    direct  the vote of the  Common  Stock  as set  forth on the
                    cover page.

                    (ii) shared power to vote or to direct the vote:

                         The  Reporting  Person has the shared  power to vote or
                    direct  the vote of the  Common  Stock  as set  forth on the
                    cover page.

                    (iii) sole power to dispose or to direct the disposition of:

                         The  Reporting  Person has the sole power to dispose or
                    direct the  disposition  of the Common Stock as set forth on
                    the cover page.

                                      -4-


                    (iv) shared  power to dispose  or to direct the  disposition
                         of:

                         The Reporting Person has the shared power to dispose or
                    direct the  disposition  of the Common Stock as set forth on
                    the cover page.

Item 5.         Ownership of Five Percent or Less of a Class.

                    Not applicable.

Item 6.         Ownership of More than Five Percent on Behalf of Another Person.

                    Not applicable.

Item 7.        Identification   and   Classification  of  the  Subsidiary  Which
               Acquired the  Security  Being  Reported on by the Parent  Holding
               Company.

               Not applicable.

Item 8.        Identification and Classification of Members of the Group.

               Not applicable.

Item 9.        Notice of Dissolution of Group.

               Not applicable.

Item 10.       Certification.

          By  signing  below I certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.

                                      -5-

                                    SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

Dated:  February 1, 2002


                                          DEUTSCHE BANK AG


                                          By:  /s/ Jeffrey A. Ruiz
                                              Name:    Jeffrey A. Ruiz
                                              Title:   Vice President


                                          By:  /s/ Margaret M. Adams
                                             Name:     Margaret M. Adams
                                             Title:    Director


                                      -6-