Knowing more about language than botany, I would venture that the word "balsam", or its variations in other languages but usually meaning "balm" (the same word probably) has been used to describe a variety of plants. Here in Corfu, for example, the name βάλσαμο (Balsamo, in case our forum doesn't do Greek) is used for a variety of spearmint, known in english as "Eau de Cologne"mint. (It invaded my annual bed a few years ago and practically evicted the lawful occupants.) What I'm getting at, if I haven't succeeded in confusing the issue, is that the artist used the Balsam as symbolic of all medicinal balms.