EXHIBIT 11

                           DURA PHARMACEUTICALS, INC.
               STATEMENTS RE COMPUTATIONS OF NET INCOME PER SHARE
                     IN THOUSANDS, EXCEPT PER SHARE AMOUNTS
                                   (UNAUDITED)




                                                               THREE MONTHS ENDED                      NINE MONTHS ENDED
                                                                  SEPTEMBER 30,                           SEPTEMBER 30,
                                                             2000                 1999               2000                1999
                                                        -----------------------------------------------------------------------
                                                                                                         
NET INCOME (LOSS) PER SHARE - BASIC

Net Income (Loss)                                       $   (98,700)         $    3,536          $   (76,801)        $   18,884
                                                        ===========          ==========          ===========         ==========
Weighted average number of common shares:
      Common stock                                           44,767              44,138               44,478             44,107
                                                        ===========          ==========          ===========         ==========

Net Income (Loss) per Share                             $     (2.20)         $     0.08          $     (1.73)        $     0.43
                                                        ===========          ==========          ===========         ==========
NET INCOME (LOSS) PER SHARE - DILUTED

Net Income (Loss)                                       $   (98,700)         $    3,536          $   (76,801)        $   18,884
                                                        ===========          ==========          ===========         ==========

Weighted average number of common and
   common equivalent shares assuming
   issuance of all dilutive contingent shares:
      Common stock                                           44,767              44,138               44,478             44,107
      Stock options                                                                 707                                     905
      Warrants                                                                      617                                     643
                                                        -----------          ----------          -----------         ----------
         Total                                               44,767              45,462               44,478             45,655
                                                        ===========          ==========          ===========         ==========

Net Income (Loss) per Share                             $     (2.20)         $     0.08          $     (1.73)        $     0.41
                                                        ===========          ==========          ===========         ==========