... dry lips and cold sores. FDA EEC tests qualified Lip balm or lip salve is a form of make-up topically applied to ... of the mouth, but generally has only cosmetic properties. The balm is usually manufactured from beeswax, petroleum jelly, menthol, camphor, ... things also add vitamins, alum, salicylic acid, or aspirin. Some lip balms also contain octinoxate, avobenzone, or other sunscreens to minimize ...