Exhibit 31.2

                                CERTIFICATION

                                     OF

                                Carlene Lloyd

                           VICE PRESIDENT, FINANCE

                                     OF

                                  IGI, INC.

                        -----------------------------

I, Carlene Lloyd, Vice President, Finance of IGI, Inc., certify that:

1. I have reviewed this quarterly report on Form 10-Q of IGI, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

      a) designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known to
      us by others within those entities, particularly during the period in
      which this report is being prepared;

      b) evaluated the effectiveness of the registrant's disclosure
      controls and procedures and presented in this report our conclusions
      about the effectiveness of the disclosure controls and procedures, as
      of the end of the period covered by this report based on such
      evaluation; and

      c) disclosed in this report any change in the registrant's internal
      control over financial reporting that occurred during the
      registrant's most recent quarter that has materially affected, or is
      reasonably likely to materially affect, the registrant's internal
      control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to
the registrant's auditors and the audit committee of the registrant's board
of directors:

      a) all significant deficiencies and material weaknesses in the design
      or operation of internal control over financial reporting which are
      reasonably likely to adversely affect the registrant's ability to
      record, process, summarize and report financial information; and

      b) any fraud, whether or not material, that involves management or
      other employees who have a significant role in the registrant's
      internal control over financial reporting.

Date: November 11, 2004

                                       /s/ Carlene Lloyd
                                       -----------------
                                       Carlene Lloyd
                                       Vice President, Finance


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