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The pill is an oval-shaped blue pill with the imprint “B706” on it. It contains 1mg of alprazolam and is available under the brand name Xanax. It is a benzodiazepine that affects the central nervous system. The pill is an effective treatment for anxiety and panic disorder. As it affects the nervous system, it enhances the working of relaxing chemicals and reduces the excitement and overactivity of the brain.