<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NETGENICS
INC. AND SUBSIDIARIES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                       7,412,704
<SECURITIES>                                         0
<RECEIVABLES>                                   45,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             8,071,204
<PP&E>                                       4,307,211
<DEPRECIATION>                               1,225,138
<TOTAL-ASSETS>                              11,332,160
<CURRENT-LIABILITIES>                        1,529,627
<BONDS>                                              0
<PREFERRED-MANDATORY>                       24,383,554
<PREFERRED>                                          0
<COMMON>                                         2,899
<OTHER-SE>                                  14,583,920
<TOTAL-LIABILITY-AND-EQUITY>                11,332,160
<SALES>                                        405,480
<TOTAL-REVENUES>                               405,480
<CGS>                                                0
<TOTAL-COSTS>                               10,524,511
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                            (9,635,435)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (9,635,435)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (9,635,435)
<EPS-BASIC>                                     (3.33)
<EPS-DILUTED>                                   (3.33)