<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IVAX
CORPORATION'S FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JAN-01-1997             JAN-01-1997             JAN-01-1997             JAN-01-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997             DEC-31-1997
<CASH>                                          74,812                  88,396                 117,141                 199,235
<SECURITIES>                                         0                       0                       0                       0
<RECEIVABLES>                                  214,487                 153,871                 125,042                 104,994<F1>
<ALLOWANCES>                                         0                       0                       0                       0
<INVENTORY>                                    271,124                 177,100                 156,250                 145,716
<CURRENT-ASSETS>                               697,002                 569,828                 551,501                 510,704
<PP&E>                                         423,538                 204,868                 199,275                 193,741<F2>
<DEPRECIATION>                                       0                       0                       0                       0
<TOTAL-ASSETS>                               1,345,008                 899,033                 841,770                 790,736
<CURRENT-LIABILITIES>                          223,752                 149,492                 178,651                 233,966
<BONDS>                                        411,982                 104,574                 104,467                  94,194
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                        12,148                  12,150                  12,151                  12,152
<OTHER-SE>                                     665,082                 607,524                 515,044                 422,887
<TOTAL-LIABILITY-AND-EQUITY>                 1,345,008                 899,033                 841,770                 790,736
<SALES>                                        165,678                 337,463                 461,855                 594,286
<TOTAL-REVENUES>                               165,678                 337,463                 461,855                 594,286
<CGS>                                          116,808                 242,886                 363,389                 479,982
<TOTAL-COSTS>                                  116,808                 242,886                 363,389                 479,982
<OTHER-EXPENSES>                                     0                       0                       0                       0
<LOSS-PROVISION>                                 3,234                   3,046                   4,917                   8,973
<INTEREST-EXPENSE>                               5,645                  10,920                  12,256                  14,685
<INCOME-PRETAX>                                (12,715)                (61,682)                (83,171)               (155,282)
<INCOME-TAX>                                    (3,094)                   (647)                 55,913                  60,166
<INCOME-CONTINUING>                            (11,092)                (63,916)               (142,670)               (219,533)
<DISCONTINUED>                                   3,153                  10,600                    (780)                 (8,701)
<EXTRAORDINARY>                                 (2,137)                 (2,137)                 (2,137)                 (2,137)
<CHANGES>                                            0                       0                       0                  (2,882)
<NET-INCOME>                                    (7,939)                (55,453)               (145,587)               (233,254)
<EPS-PRIMARY>                                     (.07)                   (.46)                  (1.20)                  (1.92)<F3> 
<EPS-DILUTED>                                     (.07)                   (.46)                  (1.20)                  (1.92)
<FN>
<F1>AMOUNTS SHOWN ARE NET OF ALLOWANCES.
<F2>AMOUNTS SHOWN ARE NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION.
<F3>AMOUNTS REPRESENT BASIC EARNINGS PER SHARE.
</FN>
        

</TABLE>