<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF UROGEN CORP. AS OF AND FOR THE NINE MONTH PERIOD ENDED
SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>                     <C>
<PERIOD-TYPE>                   9-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-START>                             JAN-01-1999             JAN-01-1998
<PERIOD-END>                               SEP-30-1999             SEP-30-1998
<CASH>                                       1,157,999                 314,983
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                 348,718
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                             1,180,820                 683,874
<PP&E>                                         594,212                 410,669
<DEPRECIATION>                               (116,334)                (26,843)
<TOTAL-ASSETS>                               1,877,250               1,097,752
<CURRENT-LIABILITIES>                          404,020               1,958,218
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                         65                      58
<COMMON>                                        12,097                   9,379
<OTHER-SE>                                 (2,156,815)             (1,943,165)
<TOTAL-LIABILITY-AND-EQUITY>                 1,877,250               1,877,250
<SALES>                                              0                       0
<TOTAL-REVENUES>                                67,201                 192,300
<CGS>                                                0                       0
<TOTAL-COSTS>                                2,453,669               4,905,881
<OTHER-EXPENSES>                                 (905)                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             348,890                 170,790
<INCOME-PRETAX>                            (2,719,161)             (4,881,340)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                        (2,719,161)             (4,881,340)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (2,719,161)             (4,881,340)
<EPS-BASIC>                                     (0.27)                  (0.65)
<EPS-DILUTED>                               10,237,493               7,537,319


</TABLE>