<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM 10-Q OF CYTRX CORPORATION FOR THE PERIOD ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 13,371,841 <SECURITIES> 0 <RECEIVABLES> 4,469,589 <ALLOWANCES> 0 <INVENTORY> 8,973 <CURRENT-ASSETS> 17,877,912 <PP&E> 905,304 <DEPRECIATION> 664,761 <TOTAL-ASSETS> 22,168,404 <CURRENT-LIABILITIES> 1,152,433 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,226 <OTHER-SE> 20,537,109 <TOTAL-LIABILITY-AND-EQUITY> 22,168,404 <SALES> 694,053 <TOTAL-REVENUES> 2,114,928 <CGS> 183,394 <TOTAL-COSTS> 183,394 <OTHER-EXPENSES> 6,930,989 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,999,455) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,999,455) <DISCONTINUED> 6,020,141 <EXTRAORDINARY> (325,120) <CHANGES> 0 <NET-INCOME> 695,566 <EPS-BASIC> .09 <EPS-DILUTED> .09