what is panax
Definition of PANAX. 1. capitalized: a genus of perennial herbs (family Araliaceae) of eastern North America and Asia with aromatic tuberous roots, compound verticillate leaves, and a solitary umbel of flowers â see ginseng.2.efinition of PANAX. 1. capitalized: a genus of perennial herbs (family Araliaceae) of eastern North America and Asia with aromatic tuberous roots, compound verticillate leaves, and a solitary umbel of flowers â see ginseng. 2.