<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IVAX
CORPORATION'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1996,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          15,088
<SECURITIES>                                         0
<RECEIVABLES>                                  278,246<F1>
<ALLOWANCES>                                         0
<INVENTORY>                                    314,408
<CURRENT-ASSETS>                               708,199
<PP&E>                                         406,740<F2>
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,357,167
<CURRENT-LIABILITIES>                          234,292
<BONDS>                                        415,923
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        12,147
<OTHER-SE>                                     659,795
<TOTAL-LIABILITY-AND-EQUITY>                 1,357,167
<SALES>                                        222,720
<TOTAL-REVENUES>                               222,720
<CGS>                                          191,713
<TOTAL-COSTS>                                  191,713
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                23,669
<INTEREST-EXPENSE>                               6,254
<INCOME-PRETAX>                              (218,477)
<INCOME-TAX>                                  (40,553)
<INCOME-CONTINUING>                          (178,669)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (178,669)
<EPS-PRIMARY>                                   (1.47)
<EPS-DILUTED>                                   (1.47)
<FN>
<F1>AMOUNT SHOWN IS NET OF ALLOWANCES.
<F2>AMOUNT SHOWN IS NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION.
</FN>