
Basilicon, or basilicum, is the name given to various ointments that were believed to have `sovereign` virtues. One such example was an unguent composed of rosin, wax, pitch, and oil, which pre-modern surgeons used as a suppurative. ...
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kind of ointment
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• (n.) An ointment composed of wax, pitch, resin, and olive oil, lard, or other fatty substance.
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Ba·sil'i·con noun [ Latin
basilicon , Greek
basiliko`n neut. of
basiliko`s confer French
basilicon . See
Basilica .]
(Medicine) An ointment composed of wax, pitch, resin, and olive oil, lard, or other fatty substance.
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http://www.encyclo.co.uk/webster/B/19

Basilicon was formerly a name of several ointments, the chief ingredients of which were wax, pitch, resin, and olive-oil.
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