<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)