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The word "pharmaceutical" shows the basic meaning even if the word "drug" has not acquired a bad image.
"Pharma" means "drugs." "Ceutical" means "remedy."
So you have this word meaning "a remedy by use of drugs."
I make extensive use of something called a "pop up" window on this site. You can CLICK HERE to see the historical origin of the word and its parts. The click will take you to a new window that opens a page on this site -- but it is intended to be CLOSED when you are finished -- so that you arrive back on this same page. You can, however, use this pop up window just as any window and go to another page or web site from within it.
The best and most honest definition, of course, comes from the oldest dictionary I could find:
Old Dictionary - Pharmaceutical
Likewise, the word "drug" has an ancient history of usage and the "pharaceutical" industry has worked hard to change the definition in modern dictionaries. Here is an old definition.
1327, from O.Fr. drouge, perhaps from M.Du. or M.L.G. droge-vate "dry barrels," with first element mistaken as word for the contents (see dry goods), or because medicines mostly consisted of dried herbs. Application to "narcotics and opiates" is 1883, though association with "poisons" is 1500s. The verb is from 1605. Druggie first recorded 1968. Drug-store is 1810; drug-store cowboy is 1925, Amer.Eng. slang, originally one who dressed like a Westerner but obviously wasn't. To be a drug on or in the market (c.1661) is of doubtful connection and may be a different word, perhaps drag, which was sometimes drug c.1240-1800. (source)
The word "parmacy" is, likewise, now thought to be a fine word, denoting a high degree of professionalism. Would it surprise you to know that the word, originally, included the place you could go to get "spells?"
The word, "medicine," also has a shady history:
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