1.  panacea(n = noun.person) - (Greek mythology) the goddess of healing; daughter of Aesculapius and sister of Hygeia;
is a kind of greek deity

2.  panacea(n = noun.artifact) catholicon, cure-all, nostrum - hypothetical remedy for all ills or diseases; once sought by the alchemists;
is a kind of curative, cure, remedy, therapeutic
has particulars: elixir

1.  A remedy for all diseases; a universal medicine; a cure-all; catholicon; hence, a relief or solace for affliction. [1913 Webster]

2.  The herb allheal. [1913 Webster]

panacea, n. a universal remedy.

Derivative:
panacean adj.

Etymology:
L f. Gk panakeia f. panakes all-healing (as PAN-, akos remedy)

N  remedy, help, cure, redress, medicine, medicament, diagnosis, medical examination, medical treatment, surgery, preventive medicine, clinical thermometer, stethoscope, X-ray machine, anthelmintic, antidote, antifebrile, antipoison, counterpoison, antitoxin, antispasmodic, bracer, faith cure, placebo, helminthagogue, lithagogue, pick-meup, stimulant, tonic, vermifuge, prophylactic, corrective, restorative, sedative, palliative, febrifuge, alterant, alterative, specific, antiseptic, emetic, analgesic, pain-killer, antitussive, antiinflammatory, antibiotic, antiviral, antifungal, carminative, Nepenthe, Mithridate, cure, treatment, regimen, radical cure, perfect cure, certain cure, sovereign remedy, examination, diagnosis, diagnostics, analysis, urinalysis, biopsy, radiology, medicine, physic, Galenicals, simples, drug, pharmaceutical, prescription, potion, draught, dose, pill, bolus, injection, infusion, drip, suppository, electuary, linctus, lincture, medicament, pharmacon, nostrum, receipt, recipe, prescription, catholicon, panacea, elixir, elixir vitae, philosopher's stone, balm, balsam, cordial, theriac, ptisan, agueweed, arnica, benzoin, bitartrate of potash, boneset, calomel, catnip, cinchona, cream of tartar, Epsom salts, feverroot, feverwort, friar's balsam, Indian sage, ipecac, ipecacuanha, jonquil, mercurous chloride, Peruvian bark, quinine, quinquina, sassafras, yarrow, salve, ointment, cerate, oil, lenitive, lotion, cosmetic, plaster, epithem, embrocation, liniment, cataplasm, sinapism, arquebusade, traumatic, vulnerary, pepastic, poultice, collyrium, depilatory, emplastrum, eyewater, vesicant, vesicatory, compress, pledget, bandage, treatment, medical treatment, regimen, dietary, dietetics, vis medicatrix, vis medicatrix naturae, medecine expectante, bloodletting, bleeding, venesection, phlebotomy, cupping, sanguisae, leeches, operation, surgical operation, transfusion, infusion, intravenous infusion, catheter, feeding tube, prevention, preventative medicine, immunization, inoculation, vaccination, vaccine, shot, booster, gamma globulin, pharmacy, pharmacology, pharmaceutics, pharmacopoeia, formulary, acology, Materia Medica, therapeutics, posology, homeopathy, allopathy, heteropathy, osteopathy, hydropathy, cold water cure, dietetics, surgery, chirurgery, chirurgy, healing art, leechcraft, orthopedics, orthopedy, orthopraxy, pediatrics, dentistry, midwifery, obstetrics, gynecology, tocology, sarcology, hospital, infirmary, pesthouse, lazarhouse, lazaretto, lock hospital, maison de sante, ambulance, dispensary, dispensatory, drug store, pharmacy, apothecary, druggist, chemist, Hotel des Invalides, sanatorium, spa, pump room, well, hospice, Red Cross, doctor, physician, surgeon, medical practitioner, general practitioner, specialist, medical attendant, apothecary, druggist, leech, osteopath, osteopathist, optometrist, ophthalmologist, internist, oncologist, gastroenterologist, epidemiologist, public health specialist, dermatologist, podiatrist, witch doctor, shaman, faith healer, quack, exorcist, Aesculapius, Hippocrates, Galen, accoucheur, accoucheuse, midwife, oculist, aurist, operator, nurse, registered nurse, practical nurse, monthly nurse, sister, nurse's aide, candystriper, dresser, bonesetter, pharmaceutist, pharmacist, druggist, chemist, pharmacopolist, remedial, restorative, corrective, palliative, healing, sanatory, sanative, prophylactic, preventative, immunizing, salutiferous, medical, medicinal, therapeutic, chirurgical, epulotic, paregoric, tonic, corroborant, analeptic, balsamic, anodyne, hypnotic, neurotic, narcotic, sedative, lenitive, demulcent, emollient, depuratory, detersive, detergent, abstersive, disinfectant, febrifugal, alterative, traumatic, vulnerary, allopathic, heteropathic, homeopathic, hydropathic, anthelmintic, antifebrile, antiluetic, aperient, chalybeate, deobstruent, depurative, laxative, roborant, dietetic, alimentary, nutritious, nutritive, peptic, alexipharmic, alexiteric, remediable, curable, aux grands maux les grands remedes, Dios que da la llaga da la medicina, para todo hay remedio sino para la muerte, temporis ars medicina fere est, the remedy is worse than the disease, throw physic to the dogs, I'll none of it.