<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MEDICIS
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME (LOSS) FOR THE
TWELVE MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FORM 10-K.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                     147,411,127
<SECURITIES>                                90,510,029
<RECEIVABLES>                               18,899,868
<ALLOWANCES>                                         0
<INVENTORY>                                  9,208,384
<CURRENT-ASSETS>                           278,129,842
<PP&E>                                       1,704,317
<DEPRECIATION>                                 360,714
<TOTAL-ASSETS>                             352,350,244
<CURRENT-LIABILITIES>                       15,173,672
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       262,588
<OTHER-SE>                                 324,232,897
<TOTAL-LIABILITY-AND-EQUITY>               352,350,244
<SALES>                                     77,571,419
<TOTAL-REVENUES>                            77,571,419
<CGS>                                       13,979,793
<TOTAL-COSTS>                               68,611,476
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                         (7,036,719)
<INCOME-PRETAX>                              2,016,869
<INCOME-TAX>                                14,424,045
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (12,407,176)
<EPS-PRIMARY>                                   (0.77)
<EPS-DILUTED>                                   (0.77)