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http://pubs.acs.org/cen/whatstuff/stuff/8032licorice.html

“The varied properties of the molecule have led to the surprising mix of products that hold licorice today: medicines, cough syrups, herbal supplements, gum, tobacco, drinks, and, of course, candy.”


“Traditional Chinese medicine extensively calls for licorice as a herbal healing agent. Europeans use it as a soothing agent in cough suppressants and to help heal ulcers. And in early Western medicine, licorice was found to relieve the symptoms of Addison's disease.”

 “Glycyrrhizic acid, which makes up from 4 to over 20% of the root, is not the only biologically active molecule. About 300 different polyphenols, which make up 1 to 5% of the root, are suspected antioxidants, perhaps even cancer-fighting compounds.”

http://www.rain-tree.com/licorice.htm
"The medicinal use of licorice in both Western and Eastern cultures dates back several thousand years. Licorice is known to exhibit many pharmacological actions, including estrogenic, aldosterone-like; anti-inflammatory (cortisol-like); antiallergic; antibacterial, antiviral; and anti-Trichomonas; antihepatotoxic; anticonvulsive; choleretic; anticancer; expectorant; and antitussive activities.                                         
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