10.22376/ijpbs.2019.10.1.p1-12 Volume 2 Issue 3 2011 (July - September) Herbal medicines are the synthesis of therapeutic experiences of generations of practising physicians of indigenous systems of medicine for over hundreds of years. Herbs have stood the test of time for their safety, efficacy, cultural acceptability and lesser side effects. lessThan i greaterThan Glycyrrhiza glabra lessThan /i greaterThan commonly known as Yashtimadhu, is a popular herb, which has since long been used in traditional Ayurvedic and Chinese medicine for its magical effects to cure various diseases. This plant is also pharmacologically studied for its antiulcerogenic, antioxidant, antimicrobial, and anti-inflammatory properties. This review attempts to highlight the available literature on lessThan i greaterThan Glycyrrhiza glabra lessThan /i greaterThan with respect to its ethnobotany, pharmacognostic characteristics, traditional uses, chemical constituents and summary of its various pharmacologic activities and clinical effects. Other aspects, such as toxicology and precautions are also discussed. This will be helpful to create interest towards licorice and may be useful in developing new formulations with more therapeutic and economical value Sheetal Vispute and Ashlesha Khopade Glycyrrhiza glabra, glycyrrhizin, peptic ulcer and Yashtimadhu. 42-51