IMMUNOTHERAPEUTICS INC
3, 1996-06-25
PHARMACEUTICAL PREPARATIONS
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FORM 3



                   U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

   Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
      Section 17(a) of the Public Utility Holding Company Act of 1935 or
             Section 30(f) of the Investment Company Act of 1940

_______________________________________________________________________________
1. Name and Address of Reporting Person

Kanzer,         Steve
- -----------------------------------------------------
   (Last)            (First)            (Middle)

375 Park Avenue
- -----------------------------------------------------
                     (Street)


- -----------------------------------------------------
   (City)               (State)         (Zip)

_______________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)

6/14/96

_______________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)

   XXX-XX-XXXX

_______________________________________________________________________________
4. Issuer Name and Ticker of Trading Symbol

ImmunoTherapeutics, Inc.
_______________________________________________________________________________
5. Relationship of Reporting Person to Issuer
   (Check all applicable)

   [ ] 10% Owner
   [x] Director
   [ ] Officer (give title below)
   [ ] Other (specify below)


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

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


_______________________________________________________________________________
6. If Amendment, Date of Original (Month/Year)

_______________________________________________________________________________



                                                                         Page 1



     
<PAGE>


FORM 3 (continued)

<TABLE>
<CAPTION>
                    TABLE I--Non-Derivative Securities Beneficially Owned
- ----------------------------------------------------------------------------

          1.                2.             3.                   4.
- ---------------------    --------      ----------     ----------------------
 Title of                Amount of     Ownership       Nature of Indirect
 Security                Securities    Form:Direct     Beneficial
 (Instr. 4)              Beneficially  (D) or          Ownership
                         Owned         Indirect        (Instr. 4)
                         (Instr. 4)    (I)(Instr. 5)
- ---------------------    --------      ----------     ----------------------
<S>                      <C>            <C>             <C>






</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.  (Print or Type Responses)



                                                                         Page 2



     
<PAGE>


FORM 3 (continued)

<TABLE>
<CAPTION>
                     TABLE II--Derivative Securities Beneficially Owned
                             (e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------

     1.          2.                 3.             4.           5.         6.
- ----------  --------------    --------------    --------    ---------  ---------
                               Title and                    Ownership
            Date Exer-         Amount of                    Form of
            cisable and        Underlying                   Deriv-
            Expiration         Securities                   ative
            Date (Month/       (Instr. 3        Conver      Security:
             Day/Year)          and 4)          sion or     Direct
            --------------    --------------    Exercise    (D) or     Nature of
Title of    Date                      Amount    Price of    Indirect   Indirect
Derivative  Exer-    Expir-           or Num-   Deri-       (I)        Beneficial
Security    cis-     ation            ber of    vative      (Instr.    Ownership
(Instr. 4)  able     Date     Title   Shares    Security    5)         (Instr. 5)
- ----------  -------  -----    -----   ------    --------    ---------  ---------
<S>         <C>      <C>      <C>     <C>       <C>       <C>         <C>
Options to  6/12/96  6/12/206 Common  200,000   $.20            D
acquire                       Stock,
200,000                       par value
shares or                     $.001 per
Common Stock,                 share
par value
$.001 per
share






</TABLE>



Explanation of Responses:


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


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




               /s/ Steve Kanzer                                 6/21/96
              ----------------------------------------     --------------------
               ** Signature of Reporting Person                    Date



** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).



Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.



                                                                         Page 3



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