<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 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>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       5,621,007
<SECURITIES>                                         0
<RECEIVABLES>                                1,481,039
<ALLOWANCES>                                         0
<INVENTORY>                                  1,340,008
<CURRENT-ASSETS>                             8,685,718
<PP&E>                                       6,202,320
<DEPRECIATION>                              (2,232,554)
<TOTAL-ASSETS>                              22,610,613
<CURRENT-LIABILITIES>                        2,015,475
<BONDS>                                      1,100,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         8,206
<OTHER-SE>                                  18,931,706
<TOTAL-LIABILITY-AND-EQUITY>                22,610,613
<SALES>                                        217,965
<TOTAL-REVENUES>                               439,930
<CGS>                                           73,184
<TOTAL-COSTS>                                   73,184
<OTHER-EXPENSES>                             1,668,304
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             123,040
<INCOME-PRETAX>                             (1,301,558)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (1,301,558)
<DISCONTINUED>                                 434,035
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (867,532)
<EPS-PRIMARY>                                     (.12)
<EPS-DILUTED>                                     (.12)