The panacea ( /pænəˈsiːə/), named after the Greek goddess of healing, 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.
The Cahuilla Indian people of the Colorado Desert region of California, according to legend, used the red sap of the Elephant Tree as a panacea medicine.
A panacea (or panaceum) is also a literary term to represent any solution to solve all problems related to a particular issue.