<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE THIRD
QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCY TO SUCH 10-QSB.
</LEGEND>
<CIK>                                       0000882362
<NAME>                               PARACELSIAN, INC.
<MULTIPLIER>                                         1
       
                                         
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               JUN-30-1997
<CASH>                                       1,332,149
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,660,385
<PP&E>                                         731,888
<DEPRECIATION>                                 393,976
<TOTAL-ASSETS>                               3,562,313
<CURRENT-LIABILITIES>                          353,686
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       119,420
<OTHER-SE>                                   3,089,207
<TOTAL-LIABILITY-AND-EQUITY>                 3,562,313
<SALES>                                          3,525
<TOTAL-REVENUES>                                 4,595
<CGS>                                                0
<TOTAL-COSTS>                                2,956,061
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (2,837,870)
<INCOME-TAX>                                (2,837,870)
<INCOME-CONTINUING>                         (2,837,870)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (2,837,870)
<EPS-PRIMARY>                                    (0.24)
<EPS-DILUTED>                                        0