The word “panacea” comes from Greek mythology. It is derived from the name of Panacea (Panakeia in Greek), a goddess of universal remedy. The word is formed from the Greek words “pan,” meaning “all,” and “akos,” meaning “cure.” In essence, “panacea” refers to a remedy that is supposed to cure all diseases or difficulties. This concept has been used metaphorically in English since at least the early 17th century to refer to a universal solution or remedy.