Alluding, perhaps, to the philosopher’s stone, which, by its touch, was said to convert base metal into gold. The alchemists called the matter, whatever it was, by which they performed transmutation a medicine. So Chapman in his Shadow of Night, 1594: O then, thou great elixir of all treasures. And on this passage he has the following note: The philosopher’s stone, or philosophica medicina, is called the great elixir. Walker thinks that medicine here means physician, and so the word was sometimes used.