<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)