<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 27,583,501 <SECURITIES> 6,822,990 <RECEIVABLES> 348,092 <ALLOWANCES> 0 <INVENTORY> 310,297 <CURRENT-ASSETS> 35,579,139 <PP&E> 2,764,245 <DEPRECIATION> (1,361,109) <TOTAL-ASSETS> 37,725,350 <CURRENT-LIABILITIES> 2,359,051 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,080 <OTHER-SE> 35,355,219 <TOTAL-LIABILITY-AND-EQUITY> 37,725,350 <SALES> 119,961 <TOTAL-REVENUES> 995,500 <CGS> 87,614 <TOTAL-COSTS> 87,614 <OTHER-EXPENSES> 6,317,275 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,409,389) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,409,389) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,409,389) <EPS-PRIMARY> (0.59) <EPS-DILUTED> (0.59)