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In Greek mythology, Panacea (Greek Πανάκεια, Panakeia) was a goddess of universal remedy. She was the daughter of Asclepius and Epione. Panacea and her four sisters each performed a facet of Apollo's art: Panacea (the goddess of universal health), Hygieia ("Hygieneswe" the goddess/personification of health, cleanliness, and sanitation), Iaso (the goddess of recuperation from illness), Aceso (the goddess of the healing process), and Aglæa/Ægle (the goddess of beauty, splendor, glory, magnificence, and adornment).
Panacea also had four brothers—Podaleirus, one of the two kings of Tricca, who was skilled in diagnostics, and Machaon, the other king of Tricca, who was a master surgeon (these two took part in the Trojan War until Machaon was killed by Penthesilea, queen of the Amazons); Telesphoros, who devoted his life to serving Asclepius; and Aratus, her half-brother, who was a Greek hero and the patron/liberator of Sicyon. However, portrayals of the family were not consistent; Panacea and her sisters were at times portrayed as Asclepius' wife instead.
Panacea may have been an independent goddess before being absorbed into the Asclepius myth.
Panacea was said to have a poultice or potion with which she healed the sick. This brought about the concept of the panacea in medicine, a substance meant to cure all diseases. The term is also used figuratively as something intended to completely solve a large, multi-faceted problem.
Panacea is mentioned at the opening of the Hippocratic Oath:

Ὄμνυμι Ἀπόλλωνα ἰητρὸν καὶ Ἀσκληπιὸν καὶ Ὑγείαν καὶ Πανάκειαν καὶ θεοὺς πάντας τε καὶ πάσας ἵστορας ποιεύμενος ἐπιτελέα ποιήσειν κατὰ δύναμιν καὶ κρίσιν ἐμὴν ὅρκον τόνδε καὶ ξυγγραφὴν τήνδε.

I swear, calling upon Apollo the physician and Asclepius, Hygeia and Panaceia and all the gods and goddesses as witnesses, that I will fulfill this oath and this contract according to my ability and judgment.

A river in Thrace/Moesia was named after the goddess, and is still known as the river Zlatna Panega (from Greek panakeia).

Source: Wikipedia