<ARTICLE> 5
<MULTIPLIER> 1
                                              
<PERIOD-TYPE>                                    6-MOS
<FISCAL-YEAR-END>                                    DEC-31-1996
<PERIOD-END>                                         JUN-30-1996
<CASH>                                                 9,153,996
<SECURITIES>                                          12,026,858
<RECEIVABLES>                                            359,927
<ALLOWANCES>                                                   0
<INVENTORY>                                              813,864
<CURRENT-ASSETS>                                      24,171,019
<PP&E>                                                 8,074,866
<DEPRECIATION>                                         1,041,323
<TOTAL-ASSETS>                                        31,268,737
<CURRENT-LIABILITIES>                                  9,212,738
<BONDS>                                                        0
<PREFERRED-MANDATORY>                                          0
<PREFERRED>                                                    0
<COMMON>                                                 124,260
<OTHER-SE>                                             1,187,095
<TOTAL-LIABILITY-AND-EQUITY>                          31,268,737
<SALES>                                                        0
<TOTAL-REVENUES>                                       2,494,607
<CGS>                                                          0
<TOTAL-COSTS>                                          7,356,202          <F1>
<OTHER-EXPENSES>                                               0          <F1>
<LOSS-PROVISION>                                               0
<INTEREST-EXPENSE>                                     (379,904)
<INCOME-PRETAX>                                       (5,995,746)
<INCOME-TAX>                                              51,576
<INCOME-CONTINUING>                                   (6,047,322)
<DISCONTINUED>                                                 0
<EXTRAORDINARY>                                                0
<CHANGES>                                                      0
<NET-INCOME>                                          (6,047,322)
<EPS-PRIMARY>                                              (0.53)
<EPS-DILUTED>                                              (0.53)

<FN>

<F1>
Total costs includes  research and  development  expenses and costs of revenues.
Because of the nature of the company's operations,  management is of the opinion
that it is not meaningful to segregate these costs.
</FN>