The most common and most likely answer to this crossword clue is the 7 letter word POISONS
I've seen this crossword clue in Financial Times
P
O
I
S
O
N
S
Buddy explains!
The straight part
We know that "Administers toxin" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case administers toxin = poisons.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does POISONS mean?
POISONS noun- A substance that is harmful or lethal to a living organism.
- Something that harms a person or thing.
- A drink; liquor.
- Any substance that inhibits catalytic activity.
- To use poison to kill or paralyse (somebody).
- To pollute; to cause to become poisonous.
- To cause to become much worse.
- To cause (someone) to hate or to have unfair negative opinions.
- To inhibit the catalytic activity of.
- To place false information into (a cache) as part of an exploit.