EXHIBIT 5

                                 Hale and Dorr
                                60 State Street
                           Boston, Massachusetts 02109



                                 April 7, 1995

         IGI, Inc.
         Wheat Road & Lincoln Avenue
         Buena, New Jersey  08310

              Re:  IGI, Inc.
                   Non-Qualified Stock Option Plan

         Gentlemen:

              We have assisted in the preparation of a Registration Statement on
         Form S-8 (the "Registration Statement") to be filed on April 7, 1995
         with the Securities and Exchange Commission relating to 250,000 shares
         of the Common Stock, $.01 par value per share ("Shares"), of IGI, Inc.,
         a Delaware corporation (the "Company"), issuable under the IGI, Inc.
         Non-Qualified Stock Option Plan (the "Plan").

              We have examined the Certificate of Incorporation and By-laws of
         the Company, each as amended to date, and originals, or copies
         certified to our satisfaction, of all pertinent records of the meetings
         of the directors and stockholders of the Company, the Registration
         Statement and such other documents relating to the Company as we have
         deemed material for the purposes of this opinion.

              In our examination of the foregoing documents, we have assumed the
         genuineness of all signatures and the authenticity of all documents
         submitted to us as originals, the conformity to original documents of
         all documents submitted to us as certified or photostatic copies and
         the authenticity of the originals of such latter documents.

              Based upon the foregoing, we are of the opinion that the Company
         is a corporation duly incorporated and validly existing under the laws
         of the State of Delaware and that the Company has duly authorized for
         issuance the Shares, and the Shares, when issued and paid for in
         accordance with the terms of the Plan and at a price per share in
         excess of the par value per share for such Shares, will be legally
         issued, fully-paid and nonassessable.



         IGI, Inc.
         April 7, 1995
         Page 2

              We hereby consent to the filing of this opinion with the
         Securities and Exchange Commission in connection with the Registration
         Statement.

                                                               Very truly yours,



                                                                   HALE AND DORR