<ARTICLE>                     5
<LEGEND>  
         THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
         FROM CONDENSED CONSOLIDATED STATEMENTS OF OXIGENE, INC. FOR THE
         NINE MONTHS ENDED SEPTEMBER 30 AND IS QUALIFIED IN ITS ENTIRETY BY
         REFERENCE TO SUCH FINANCIAL STATEMENTS.

</LEGEND>
<MULTIPLIER>                   1000
                               
                                             

<PERIOD-TYPE>                                   9-MOS
<FISCAL-YEAR-END>                               DEC-31-1996
<PERIOD-END>                                    SEP-30-1996
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