nostrum

[nos-truhm]
noun
1.
a medicine sold with false or exaggerated claims and with no demonstrable value; quack medicine.
2.
a scheme, theory, device, etc., especially one to remedy social or political ills; panacea.
3.
a medicine made by the person who recommends it.
4.
a patent medicine.

Origin:
1595–1605; < Latin nostrum our, ours (neuter singular of noster); referring to the seller's calling the drug “our” drug

Dictionary.com Unabridged

mare nostrum

[mah-re nohs-troom; English mair-ee nos-truhm, mahr-ey] .
Latin.
our sea, especially the Mediterranean to the ancient Romans.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
mare nostrum (ˈmɑːreɪ ˈnɒstrʊm)
 
n
the Latin name for the Mediterranean
 
[literally: our sea]

nostrum (ˈnɒstrəm)
 
n
1.  a patent or quack medicine
2.  a favourite remedy, as for political or social problems
 
[C17: from Latin: our own (make), from noster our]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

nostrum
"quack medicine," c.1600, from L. nostrum remedium "our remedy," presumably that prepared by the person offering it, from L. nostrum, neut. of noster "our," from nos "we," from PIE *nos (see us).
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

nostrum nos·trum (nŏs'trəm)
n.
A medicine whose effectiveness is unproved and whose ingredients are usually secret; a quack remedy.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
Compared to real professors who leave gallons of ink on their students' papers, virtual grading is a nostrum.
Cataracts develop following use of anti-fat nostrum.
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