Although considerable (i) resources had already been expended on the new drug, development had to be halted due to adverse effects during human testing; once hailed as a kind of (ii) that could be used to treat numerous physical and mental ailments, the drug will likely be remembered only as a financial albatross that bankrupted its developers.
Blank (i)
assiduous
pecuniary
wholesome
Blank (ii)
sinecure
mendicant
panacea