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Moderate cold? Drug will get rid of that! (7)

Ross

I believe the answer is:

mediate

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'moderate' is the definition.
(I've seen this before)

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for mediate that I've seen before include "try to resolve dispute" , "Act as middle man" , "To referee" , "moderate" , "Conciliate" .)

I've seen this clue in The Times and The Sunday Times.
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