We can claim that contemporary formulas of wax ointments are the valuable jewels of a long tradition, which connects the modern Traditional Hellenic Medicine with the texts of Ancient Greek Medicine. We examine briefly some of the formulas for “kerota” (wax ointments), found in the Greek medical texts, in terms of their basic ingredients, as well as their recorded uses. These texts included the Corpus Hippocraticum, the famous “De Materia Medica” by Dioscorides, the pharmacological works of Galen, the “Collectiones Medicae” of Oribasius, the “Therapeutica” by Alexander of Tralles, the “Iatricorum” by Aetius of Amida etc., covering the dawn of Ancient Greek Medicine and extending to the byzantine era. These formulas are compared with later ones from the 19th and 20th centuries, as found in the publications by Dionysius Pyrros and other subsequent authors, or transferred in the oral tradition. Finally, we present a few examples of these formulas’ applications in contemporary practical therapy.