diff --git a/pkgs/tools/misc/cyclonedx-python/default.nix b/pkgs/tools/misc/cyclonedx-python/default.nix
index 8284035c99e1..fa5be39000af 100644
--- a/pkgs/tools/misc/cyclonedx-python/default.nix
+++ b/pkgs/tools/misc/cyclonedx-python/default.nix
@@ -1,37 +1,54 @@
 { lib
-, python3
 , fetchFromGitHub
+, python3
 }:
+
+let
+  py = python3.override {
+    packageOverrides = self: super: {
+
+      # Requires 'cyclonedx-python-lib = ">= 2.0.0, < 4.0.0"'
+      cyclonedx-python-lib = super.cyclonedx-python-lib.overridePythonAttrs (oldAttrs: rec {
+        version = "3.1.5";
+        src = fetchFromGitHub {
+          owner = "CycloneDX";
+          repo = "cyclonedx-python-lib";
+          rev = "refs/tags/v${version}";
+          hash = "sha256-4lA8OdmvQD94jTeDf+Iz7ZyEQ9fZzCxnXQG9Ir8FKhk=";
+        };
+      });
+    };
+  };
+in
+with py.pkgs;
+
 python3.pkgs.buildPythonApplication rec {
   pname = "cyclonedx-python";
-  version = "0.4.3";
+  version = "3.11.7";
+  pyproject = true;
 
   src = fetchFromGitHub {
     owner = "CycloneDX";
     repo = "cyclonedx-python";
-    rev = "v${version}";
-    sha256 = "BvG4aWBMsllW2L4lLsiRFUCPjgoDpHxN49fsUFdg7tQ=";
+    rev = "refs/tags/v${version}";
+    sha256 = "sha256-jU/0FkQCyph59TnEE+lckJXsU9whfvWp7dkdfzprYw8=";
   };
 
-  # They pin versions for exact version numbers because "A bill-of-material such
-  # as CycloneDX expects exact version numbers" -- but that's unnecessary with
-  # Nix.
-  preBuild = ''
-    sed "s@==.*'@'@" -i setup.py
-  '';
-
-  propagatedBuildInputs = with python3.pkgs; [
-    packageurl-python
-    requests
-    xmlschema
-    setuptools
-    requirements-parser
-    packaging
-    chardet
-    jsonschema
+  nativeBuildInputs = with py.pkgs; [
+    poetry-core
+    pythonRelaxDepsHook
   ];
 
-  # the tests want access to the cyclonedx binary
+  propagatedBuildInputs = with py.pkgs; [
+    chardet
+    cyclonedx-python-lib
+    packageurl-python
+    pip-requirements-parser
+    setuptools
+    toml
+  ];
+
+  # The tests want access to the cyclonedx binary
   doCheck = false;
 
   pythonImportsCheck = [
@@ -41,8 +58,9 @@ python3.pkgs.buildPythonApplication rec {
   meta = with lib; {
     description = "Creates CycloneDX Software Bill of Materials (SBOM) from Python projects";
     homepage = "https://github.com/CycloneDX/cyclonedx-python";
+    changelog = "https://github.com/CycloneDX/cyclonedx-python/releases/tag/v${version}";
     license = licenses.asl20;
-    maintainers = [ ];
+    maintainers = with maintainers; [ ];
     mainProgram = "cyclonedx-py";
   };
 }