Glycyrrhiza glabra commonly known as “Licorice”, is an important medicinal plant used in drug development with pharmcological activities.Licorice has also been shown to have memory enhancing properties, antidiabetic, antioxidant, anti-inflammatory, antibacterial activities. Hence, since in traditional medicines as an antiallergic, demulcent, emollient, as a fungicide since ancient time. It is also prescribed for the treatment of many diseases, such as addison‟s disease, coughs, asthma, arthritis, bronchitis, peptic ulcer and for allergic complaints.