EXMceuticals Inc. announced its success in securing COVID-19 R&D-focused grant from the European Union and the Portuguese Government, detailing a landmark event for the Company. A Consortium led by EXMceuticals Portugal Lda, operating under the Project name "BioBlockCOVID" and consisting of EXMceuticals Portugal Lda, Cosmetek Lda, and the Universidade de Coimbra has been awarded EUR 302.000 by the European Regional Development Fund and the Portuguese Government to study further and develop disinfectants to combat SARScoV-2, the virus that causes COVID-19. The BioBlockCOVID project aims to create functional, natural and innovative biocide formulations that will specifically target and attack the molecules that make up COVID-19. The research will focus on the virucidal action of naturally occurring bioactive compounds from the cannabis plant, in addition to others. The funding award comes from the competitive tender opened by the European Regional Development Fund, which finances two Portuguese funds named Programa Operacional Competitividade e Internacionalização and Programa Operacional Regional de Lisboa, to support Companies and R&D entities based in Portugal. The grant aims to create an incentive system for R&D activities and investment in testing and optimization infrastructure of relevant products in combating COVID-19. All required efficacy, performance and toxicity assessments will be tested in a laboratory environment, all with a view to the planned industrial upscaling. The Consortium believes that the BioBlockCOVID project will result in a set of technical and scientific advances, specifically combatting the propagation of SARScoV2 and similar viruses. The use of natural materials will increase efficacy and also reduce the environmental impact of the currently used chemical compounds not only found in the production process but also their end usage.