[4] A central purpose of the Society was to persuade 24 Anglican bishops to open Southcott's sealed box of prophecies, and to this end, advertisements were placed in newspapers, both national and local.
In the 1970s, the Society rented billboards which proclaimed "War, disease, crime and banditry, distress of nations and perplexity will increase until the Bishops open Joanna Southcott's box.
"[9] Another main activity of the Panacea Society was to offer healing of all diseases, including cancer, to those who would write to its headquarters in Bedford and receive a piece of linen blessed by Octavia.
The correspondence, coming from all over the world, is still conserved in the Bedford Panacea Museum, and has been studied in 2019 in a book by British scholar Alastair Lockhart.
Whilst the religious society is no longer functioning, there still exists a charity whose main remit is to sponsor academic research into the history and development of prophetic and millenarian movements, as well as provide financial assistance to support the work of registered charities and recognised groups concerned with poverty and health in the Bedford area.
[14] In late 2012, it was announced that the charitable trust would be opening a museum detailing the history of the society, at 9 Newnham Road, Bedford.