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Nostrum

//ˈnɑ.stɹəm// noun

Noun

1
A medicine or remedy in conventional use which has not been proven to have any desirable medical effects.
"Near-synonyms: paternoster, patent medicine, snake oil"
2
patent medicine whose efficacy is questionable wordnet
3
An ineffective but favorite remedy for a problem, usually involving political action. broadly
"reformers of church charities [...made] known […] their different nostrums for setting Hiram's Hospital on its feet again."
4
hypothetical remedy for all ills or diseases; once sought by the alchemists wordnet

Learned borrowing from Latin nostrum (“ours”), nominative neuter of noster (“our, ours”).

Unscramble this word: nostrum