The difference between Elixir and Medicine

Elixir as a noun (alchemy):

A liquid which converts lead to gold.

Elixir as a noun (alchemy):

A substance or liquid which is believed to cure all ills and give eternal life.

Elixir as a noun (by extension):

The alleged cure for all ailments; cure-all, panacea.

Elixir as a noun (pharmacy):

A sweet flavored liquid (usually containing a small amount of alcohol) used in compounding medicines to be taken by mouth in order to mask an unpleasant taste.

Medicine as a noun:

A substance which specifically promotes healing when ingested or consumed in some way.

Medicine as a noun:

A treatment or cure.

Medicine as a noun:

The study of the cause, diagnosis, prognosis and treatment of disease or illness.

Medicine as a noun:

The profession of physicians, surgeons and related specialisms; those who practice medicine.

Medicine as a noun:

Ritual Native American magic used by a medicine man to promote a desired outcome in healing, hunting, warfare etc.

Medicine as a noun:

Among the Native Americans, any object supposed to give control over natural or magical forces, to act as a protective charm, or to cause healing.

Medicine as a noun (obsolete):

black magic, superstition.

Medicine as a noun (obsolete):

A philter or love potion.

Medicine as a noun (obsolete):

A physician.

Medicine as a noun (slang):

recreational drugs, especially alcoholic drinks

Medicine as a verb (rare, obsolete):

To treat with medicine.