<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from 
audited and unaudited internal financial statements and is qualified in its 
entirety by reference to such financial statements. 
</LEGEND>
<CIK>      0001016169
<NAME>     Medi-Ject Corporation
       
                                                    
<PERIOD-TYPE>                   12-MOS                   6-MOS
<FISCAL-YEAR-END>                         DEC-31-1996             DEC-31-1997
<PERIOD-START>                            JAN-01-1996             JAN-01-1997
<PERIOD-END>                              DEC-31-1996             JUN-30-1997
<CASH>                                        9575240                 3463876  
<SECURITIES>                                  1464277                 6016093
<RECEIVABLES>                                  550738                  376146
<ALLOWANCES>                                    12983                   12983
<INVENTORY>                                    351330                  359517
<CURRENT-ASSETS>                             12015191                10296916 
<PP&E>                                        1238584                 1369931
<DEPRECIATION>                                 642994                  631016
<TOTAL-ASSETS>                               12955791                11419677
<CURRENT-LIABILITIES>                          827765                  600247
<BONDS>                                          8350                    2972
<PREFERRED-MANDATORY>                               0                       0
<PREFERRED>                                         0                       0
<COMMON>                                        69256                   69947
<OTHER-SE>                                   12050420                10746511
<TOTAL-LIABILITY-AND-EQUITY>                 12955791                11419677
<SALES>                                       1837704                  883174
<TOTAL-REVENUES>                              3930859<F1>             2124725<F1>
<CGS>                                         1136272                  548008
<TOTAL-COSTS>                                 5001221                 2970569
<OTHER-EXPENSES>                                    0                       0
<LOSS-PROVISION>                                    0                       0
<INTEREST-EXPENSE>                              31934                    6501
<INCOME-PRETAX>                             (2238568)               (1400353)
<INCOME-TAX>                                        0                       0
<INCOME-CONTINUING>                         (2238568)               (1400353)
<DISCONTINUED>                                      0                       0
<EXTRAORDINARY>                                     0                       0
<CHANGES>                                           0                       0
<NET-INCOME>                                (2238568)               (1400353)
<EPS-PRIMARY>                                   (.39)                     .20
<EPS-DILUTED>                                   (.39)                     .20
<FN>

<F1> Includes interest income of $230,655 for PE 12-31-96 and $272,321 for PE   
     6-30-97.
</FN>