BRADLEY PHARMACEUTICALS INC
10QSB/A, 1997-01-03
PHARMACEUTICAL PREPARATIONS
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           U.S. Securities and Exchange Commission
                   Washington, D.C. 20549

                         Form 10-QSB/A

(Mark One)

[X] QUARTERLY REPORT PURSUANT SECTION 13 OR 15(d) OF            
THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended                           September 30, 1996     
          

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

For the transition period from                   to    
     Commission file number                    33-36120                         
   


                           BRADLEY PHARMACEUTICALS, INC.                        
          
                    (Exact name of small business issuer as
                  specified in its charter)


              New Jersey                                    22-2581418         
     (State or other jurisdiction                 (IRS Employer
of incorporation or organization)              Identification No.)

                 383 Route 46 W., Fairfield, NJ                       
          (Address of principal executive offices)


                          201-882-1505                                       
                 (Issuer's telephone number)


                                                                               
(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 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            No          

   State the number of shares outstanding of each of the issuer's classes
of common
equity, as of the latest practicable date:  

        Title of Each Class             Number of Shares Outstanding
         of Common Stock                  as of November 8, 1996  

     Class A, No Par Value                              6,692,267
     Class B, No Par Value                                431,552


   Transitional Small Business Disclosure Format (check one):
  Yes           No

                         SIGNATURES

In accordance with the requirement of the Exchange Act, the Registrant
caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.

                BRADLEY PHARMACEUTICALS, INC.
                        (REGISTRANT)

Date:    November 13, 1996               /s/ Daniel Glassman                  
 
                                   Daniel Glassman
                                   Chairman of the Board, President and
                                   Chief Executive Officer
                                   (Principal Executive Officer)


Date:    November 13, 1996               /s/ Alan V. Gallantar                 
 
                                   Alan V. Gallantar
                                   Corporate Vice President and
                                   Chief Financial Officer
                                   (Principal Financial and Accounting
Officer)

<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Balance
Sheet, Cash Flow and Statement of Operations and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<CIK> 0000864268
<NAME> FDS3Q
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                           11522
<SECURITIES>                                         0
<RECEIVABLES>                                   824562
<ALLOWANCES>                                    107657
<INVENTORY>                                    1466345
<CURRENT-ASSETS>                               5895063
<PP&E>                                         1249832
<DEPRECIATION>                                  843826
<TOTAL-ASSETS>                                23908707
<CURRENT-LIABILITIES>                          8823028
<BONDS>                                        4743031
                                0
                                          0
<COMMON>                                      13615813
<OTHER-SE>                                   (3273165)
<TOTAL-LIABILITY-AND-EQUITY>                  23908707
<SALES>                                        9052940
<TOTAL-REVENUES>                               9052940
<CGS>                                          2308619
<TOTAL-COSTS>                                  2308619
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              476297
<INCOME-PRETAX>                                1475828
<INCOME-TAX>                                    150000
<INCOME-CONTINUING>                            1325828
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   1325828
<EPS-PRIMARY>                                      .18
<EPS-DILUTED>                                      .18
        

</TABLE>


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