<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM DISCOVERY
     LABORATORIES, INC. FORM 10-QSB FOR THE PERIOD ENDED MARCH 31, 2000 AND
     IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   MAR-31-2000
<CASH>                                         23,591,000
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    575,000
<CURRENT-ASSETS>                               24,288,000
<PP&E>                                         664,000
<DEPRECIATION>                                 217,000
<TOTAL-ASSETS>                                 24,753,000
<CURRENT-LIABILITIES>                          1,745,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       21,000
<OTHER-SE>                                     22,943,000
<TOTAL-LIABILITY-AND-EQUITY>                   24,753,000
<SALES>                                        19,000
<TOTAL-REVENUES>                               41,000
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               1,509,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             2,000
<INCOME-PRETAX>                                (1,470,000)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (1,470,000)
<EPS-BASIC>                                    (0.12)
<EPS-DILUTED>                                  (0.12)