<ARTICLE> 5
<CIK> 0000942788
<NAME> NEOPHARM, INC.
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                       1,391,111
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,451,160
<PP&E>                                         150,832
<DEPRECIATION>                                  43,470
<TOTAL-ASSETS>                               1,558,522
<CURRENT-LIABILITIES>                          278,700
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,758
<OTHER-SE>                                   1,278,064
<TOTAL-LIABILITY-AND-EQUITY>                 1,558,522
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               695,207
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (695,207)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (695,207)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (697,139)
<EPS-PRIMARY>                                   (0.08)
<EPS-DILUTED>                                        0