<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)