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.