Elixir is an item that can be used with the Chemist's Elixir ability, learned for 900 JP. Like all items in Final Fantasy Tactics, Elixir is used without Charge Time. It restores one unit's HP and MP to full.

Elixirs are rare items that can't be bought in Outfitters. In the Airship Graveyard, Dorvauldar Marsh, Lost Halidom, Midlight's Deep, Monastery Vaults and Mullonde Cathedral the player can find Elixirs with the Treasure Hunter ability. Elixir are a common poach from the Great Malboro.

They can also be won in Melee for the PSP version.