<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IVAX
CORPORATION'S FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                          80,806
<SECURITIES>                                         0
<RECEIVABLES>                                  198,009<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                    204,194
<CURRENT-ASSETS>                               982,455
<PP&E>                                         223,312<F2>
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,333,648
<CURRENT-LIABILITIES>                          168,199
<BONDS>                                        442,819
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        12,148
<OTHER-SE>                                     682,980
<TOTAL-LIABILITY-AND-EQUITY>                 1,333,648
<SALES>                                        658,745
<TOTAL-REVENUES>                               658,745
<CGS>                                          496,776
<TOTAL-COSTS>                                  496,776
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                30,737
<INTEREST-EXPENSE>                              15,996
<INCOME-PRETAX>                               (182,124)
<INCOME-TAX>                                   (52,488)
<INCOME-CONTINUING>                           (134,989)
<DISCONTINUED>                                 (23,690)
<EXTRAORDINARY>                                 (2,073)
<CHANGES>                                            0
<NET-INCOME>                                  (160,752)
<EPS-PRIMARY>                                    (1.33)<F3>
<EPS-DILUTED>                                    (1.33)
<FN>
<F1>AMOUNTS SHOWN ARE NET OF ALLOWANCES.
<F2>AMOUNTS SHOWN ARE NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION.
<F3>AMOUNT REPRESENTS BASIC EARNINGS PER SHARE.
</FN>