<ARTICLE>                      5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IVAX
CORPORATION'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                   1,000
       
                                                
<PERIOD-TYPE>                                      6-MOS
<FISCAL-YEAR-END>                                          DEC-31-1996
<PERIOD-END>                                               JUN-30-1996
<CASH>                                                          16,808
<SECURITIES>                                                         0
<RECEIVABLES>                                                  378,288<F1>
<ALLOWANCES>                                                         0
<INVENTORY>                                                    310,009
<CURRENT-ASSETS>                                               812,961
<PP&E>                                                         406,335<F2>
<DEPRECIATION>                                                       0
<TOTAL-ASSETS>                                               1,504,807
<CURRENT-LIABILITIES>                                          502,819
<BONDS>                                                        111,271
<PREFERRED-MANDATORY>                                                0
<PREFERRED>                                                          0
<COMMON>                                                        12,146
<OTHER-SE>                                                     838,774
<TOTAL-LIABILITY-AND-EQUITY>                                 1,504,807
<SALES>                                                        273,883
<TOTAL-REVENUES>                                               273,883
<CGS>                                                          191,078
<TOTAL-COSTS>                                                  191,078
<OTHER-EXPENSES>                                                     0
<LOSS-PROVISION>                                                 2,706
<INTEREST-EXPENSE>                                               6,206
<INCOME-PRETAX>                                                (31,679)
<INCOME-TAX>                                                   (19,466)
<INCOME-CONTINUING>                                            (13,931)
<DISCONTINUED>                                                       0
<EXTRAORDINARY>                                                 (2,072)
<CHANGES>                                                            0
<NET-INCOME>                                                   (16,003)
<EPS-PRIMARY>                                                     (.13)
<EPS-DILUTED>                                                     (.13)
<FN>
<F1>AMOUNT SHOWN IS NET OF ALLOWANCES.
<F2>AMOUNT SHOWN IS NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION.
</FN>