IMMUNOTHERAPEUTICS INC
10QSB/A, 1995-10-04
PHARMACEUTICAL PREPARATIONS
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                  SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C. 20549
                        
                            FORM 10-QSB


(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
      EXCHANGE ACT OF 1934
                                                      
For the Quarter Ended     July 31, 1995                             

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
    EXCHANGE ACT OF 1934

For the transition period from                   to                  

Commission File No.      0-11572                                     

                        ImmmunoTherapeutics, Inc.                    
(Exact name of registrant as specified in its charter)  

          Delaware                              41-1505029           
(State of other jurisdiction of       (I.R.S. Employer Identification
 incorporation or organization)        Number)

          
              3233 15th Street South, Fargo, ND           58104      
(Address of principal executive offices)                (Zip Code)

Issuer's telephone number, including area code        (701) 232-9575 

                                                                     
(Former name, former address and former fiscal year, if changed since
last report)                                              

Check whether the issuer (1) filed all reports required to be filed 
by Section 13 or 15 (d) of the Securities Exchange Act during the past
12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. 

                        Yes  X  No   

At August 21, 1995, 5,901,675 shares of the registrant's common stock 
(par value, $.001 per share) were outstanding.

<PAGE>

SIGNATURES


Pursuant to requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.                            

                                        IMMUNOTHERAPEUTICS, INC.



                                                             
                                    Gerald J. Vosika
                                    President and Director of the Company




                                    James W. Burrow
10/2/95                             Chief Financial Officer
           
</PAGE>

<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS AMMENDED FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED
STATEMENTS
OF OPERATION.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1995
<PERIOD-END>                               JUL-31-1995
<CASH>                                       1,658,211
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,698,283
<PP&E>                                          40,072
<DEPRECIATION>                                  96,934
<TOTAL-ASSETS>                               2,127,535
<CURRENT-LIABILITIES>                           21,636
<BONDS>                                              0
<COMMON>                                         5,902
                                0
                                          0
<OTHER-SE>                                   2,105,899
<TOTAL-LIABILITY-AND-EQUITY>                 2,127,535
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         0
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        

</TABLE>


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