<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF CYTRX CORPORATION FOR THE NINE MONTHS ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-13-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 6,195,526 <SECURITIES> 5,906,341 <RECEIVABLES> 2,738,094 <ALLOWANCES> 50,713 <INVENTORY> 10,293 <CURRENT-ASSETS> 664,305 <PP&E> 7,282,267 <DEPRECIATION> 2,483,102 <TOTAL-ASSETS> 24,474,638 <CURRENT-LIABILITIES> 3,400,520 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,978 <OTHER-SE> 20,397,312 <TOTAL-LIABILITY-AND-EQUITY> 24,474,638 <SALES> 13,020,411 <TOTAL-REVENUES> 14,041,212 <CGS> 7,102,302 <TOTAL-COSTS> 7,102,302 <OTHER-EXPENSES> 11,365,714 <LOSS-PROVISION> 77,416 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,234,663) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,234,663) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,234,663) <EPS-PRIMARY> (0.57) <EPS-DILUTED> 0