<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED
BALANCE SHEET AND THE CONSOLIDATED STATEMENTS OF OPERATION.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1998
<CASH>                                      14,103,207
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            15,787,354
<PP&E>                                         429,294
<DEPRECIATION>                                 916,110
<TOTAL-ASSETS>                              16,656,742
<CURRENT-LIABILITIES>                          687,984
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  8,448,905
<COMMON>                                        10,055
<OTHER-SE>                                   7,509,798
<TOTAL-LIABILITY-AND-EQUITY>                16,656,742
<SALES>                                              0
<TOTAL-REVENUES>                               629,962
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            12,881,998
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,483
<INCOME-PRETAX>                           (12,265,520)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                       (12,265,520)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (12,265,520)
<EPS-PRIMARY>                                   (1.28)
<EPS-DILUTED>                                   (1.28)