My kids have been diagnosed with molluscum contagiosum. Will condylox treat that?

Molluscum contagiosum is caused by a DNA poxvirus. http://en.wikipedia.org/wiki/Molluscum_contagiosum
Now I did also research Condylox:
This medication is usually used to treat warts.
http://www.drugs.com/condylox.html

Molluscum Contagiosum is very contagios viral skin infection
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"While molluscum contagiosum will eventually go away on its own without leaving a scar, many dermatologists advise treating. Treatment can prevent the growths from spreading to other areas of a patient's body and to other people.

Before treatment begins, a dermatologist may confirm that the growths are mollusca by scraping an area of infected skin and looking at the cells under a microscope. If molluscum contagiosum is present, there are a number of treatment options.

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Treatment for mollusca is similar to that for warts. Growths can be frozen with liquid nitrogen, destroyed with various acids or blistering solutions, or treated with an electric needle (electrocautery) and scraped off with a sharp instrument (curette). Laser therapy also has been effective in treating mollusca. All of these treatments can be performed in a dermatologist's office. If there are many growths, treatment sessions may be needed every 3 to 6 weeks until the growths disappear. Some discomfort is associated with these treatments.

Molluscum contagiosum

Sometimes an at-home treatment is prescribed. These treatments include applying a topical retinoid, topical immune modifier, or other topical antiviral medication.

During treatment, some growths may appear as others are fading. This is normal.

An option, especially with young children, is not to treat molluscum and wait for the growths to disappear. This avoids exposure to possible side effects from treatment; however, if rapid growth of new lesions is noted, a dermatologist should be consulted. It is always possible for a person's skin to get infected with the virus again. The condition may be easier to control if treatment is started early — when there are only a few growths. "

http://www.aad.org/public/publications/pamphlets/viral_mollscum.html

Bottom line: even though Condylox is used for warts which is a different virus than what your children have, many times they use the same medication.

I hope this helps