diff --git a/pkgs/development/python-modules/bayesian-optimization/default.nix b/pkgs/development/python-modules/bayesian-optimization/default.nix
index 82b8738285bf..dda52e8ebba8 100644
--- a/pkgs/development/python-modules/bayesian-optimization/default.nix
+++ b/pkgs/development/python-modules/bayesian-optimization/default.nix
@@ -4,54 +4,42 @@
 , fetchFromGitHub
 , scikit-learn
 , scipy
+, colorama
 , pytestCheckHook
-, isPy27
-, fetchpatch
+, pythonOlder
 }:
 
 buildPythonPackage rec {
   pname = "bayesian-optimization";
-  version = "1.2.0";
-  disabled = isPy27;
+  version = "1.4.3";
+  format = "setuptools";
+
+  disabled = pythonOlder "3.7";
 
   src = fetchFromGitHub {
-    owner = "fmfn";
+    owner = "bayesian-optimization";
     repo = "BayesianOptimization";
-    rev = version;
-    sha256 = "01mg9npiqh1qmq5ldnbpjmr8qkiw827msiv3crpkhbj4bdzasbfm";
+    rev = "refs/tags/v${version}";
+    hash = "sha256-Bp/ZhVSW5lTGwnsd/doOXu++Gxw/51owCfMm96Qmgd4=";
   };
 
   propagatedBuildInputs = [
     scikit-learn
     scipy
-  ];
-
-  patches = [
-    # TypeError with scipy >= 1.8
-    # https://github.com/fmfn/BayesianOptimization/issues/300
-    (fetchpatch {
-      url = "https://github.com/fmfn/BayesianOptimization/commit/b4e09a25842985a4a0acea0c0f5c8789b7be125e.patch";
-      hash = "sha256-PfcifCFd4GRNTA+4+T+6A760QAgyZxhDCTyzNn2crdM=";
-      name = "scipy_18_fix.patch";
-    })
+    colorama
   ];
 
   nativeCheckInputs = [ pytestCheckHook ];
 
-  disabledTests = [
-    # New sklearn broke one test
-    # https://github.com/fmfn/BayesianOptimization/issues/243
-    "test_suggest_with_one_observation"
-  ];
-
   pythonImportsCheck = [ "bayes_opt" ];
 
   meta = with lib; {
-    broken = (stdenv.isLinux && stdenv.isAarch64) || stdenv.isDarwin;
+    broken = stdenv.isLinux && stdenv.isAarch64;
     description = ''
       A Python implementation of global optimization with gaussian processes
     '';
-    homepage = "https://github.com/fmfn/BayesianOptimization";
+    homepage = "https://github.com/bayesian-optimization/BayesianOptimization";
+    changelog = "https://github.com/bayesian-optimization/BayesianOptimization/releases/tag/v${version}";
     license = licenses.mit;
     maintainers = [ maintainers.juliendehos ];
   };