Pepto-Bismol is one of the most widely known bismuth-containing medicines available. Pepto-Bismol contains a compound known as bismuth subsalicylate. Bismuth subsalicylate is similar to the compound in aspirin, acetylsalicylic acid.
Both of these compounds break down in the body into salicylic acid, which acts as a painkiller and an anti-inflammatory. Unlike aspirin though, bismuth subsalicylate also has some effect on the gastrointestinal tract. It can be used to treat common stomach issues like nausea and diarrhea. It also can act as a mild antacid, making it an excellent all-around remedy for stomach problems.
Using the correct technique, this black powder can be melted and formed into solid bismuth, but this part can be very difficult. The bismuth must be heated at just the right temperature. To avoid the bismuth reacting with the air to form bismuth oxide as it melts. If done correctly, and in large quantities, you can have your very own slab of Pepto-bismuth.