nostrum

Noun
  1. Hypothetical remedy for all ills or diseases;
    Once sought by the alchemists (synset 103886467)
    is a type of: curative, cure, remedy, therapeutic - a medicine or therapy that cures disease or relieve pain
    subtypes: elixir - a substance believed to cure all ills
    same as: catholicon, cure-all, panacea
  2. Patent medicine whose efficacy is questionable (synset 103837845)
    is a type of: patent medicine - medicine that is protected by a patent and available without a doctor's prescription

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