<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
DEOXTEXIS INC. FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                      $1,455,359
<SECURITIES>                                 1,911,754
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,439,208
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               3,439,208
<CURRENT-LIABILITIES>                          330,864
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         4,547
<OTHER-SE>                                   3,103,797
<TOTAL-LIABILITY-AND-EQUITY>                 3,108,344
<SALES>                                              0
<TOTAL-REVENUES>                                84,293
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               789,526
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (705,233)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (705,233)
<EPS-PRIMARY>                                    (.15)
<EPS-DILUTED>                                    (.15)