On March 5, 2020, Biotalys NV closed the transaction. The company has amended the terms of the transaction. The company has received 45,000,000 in the transaction.
On the same date, the company has received 10,000,000 in its second tranche. The second tranche included participation from current shareholders and new investor Novalis LifeSciences Investments LLC. As a part of the transaction, Marijn Dekkers from Novalis LifeSciences Investments LLC, will join the company's board of directors.