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The panacea //, named after the Greek goddess of universal remedy Panakeia, Panacea, also known as panchrest, was supposed to be a remedy that would cure all diseases and prolong life indefinitely. It was sought by the alchemists as a connection to the elixir of life and the philosopher's stone, a mythical substance which would enable the transmutation of common metals into gold.
A panacea (or panaceum) is also a literary term to represent any solution to solve all problems related to a particular issue. The term panacea is also used in a negative way to describe the over use of any one solution to solve many different problems especially in medicine[better source needed].
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