<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF CYTRX CORPORATION'S FORM 10-Q FOR THE PERIOD ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 12,361,398 <SECURITIES> 0 <RECEIVABLES> 470,017 <ALLOWANCES> 0 <INVENTORY> 8,308 <CURRENT-ASSETS> 12,950,070 <PP&E> 982,200 <DEPRECIATION> (634,169) <TOTAL-ASSETS> 13,969,079 <CURRENT-LIABILITIES> 1,820,178 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,256 <OTHER-SE> 12,140,645 <TOTAL-LIABILITY-AND-EQUITY> 13,969,079 <SALES> 202,040 <TOTAL-REVENUES> 455,379 <CGS> 80,677 <TOTAL-COSTS> 80,677 <OTHER-EXPENSES> 3,558,934 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (3,184,232) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,184,232) <DISCONTINUED> (91,695) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,275,927) <EPS-PRIMARY> (.43) <EPS-DILUTED> (.43)