diff --git a/pkgs/development/libraries/speex/default.nix b/pkgs/development/libraries/speex/default.nix
index 5509be7822d7..cc7f8abd670e 100644
--- a/pkgs/development/libraries/speex/default.nix
+++ b/pkgs/development/libraries/speex/default.nix
@@ -1,26 +1,18 @@
-{ lib, stdenv, fetchurl, fetchpatch, autoreconfHook, pkg-config, fftw, speexdsp }:
+{ lib, stdenv, fetchurl, autoreconfHook, pkg-config, fftw, speexdsp }:
 
 stdenv.mkDerivation rec {
   pname = "speex";
-  version = "1.2.0";
+  version = "1.2.1";
 
   src = fetchurl {
     url = "http://downloads.us.xiph.org/releases/speex/speex-${version}.tar.gz";
-    sha256 = "150047wnllz4r94whb9r73l5qf0z5z3rlhy98bawfbblmkq8mbpa";
+    sha256 = "sha256-S0TU8rOKNwotmKeDKf78VqDPk9HBvnACkhe6rmYo/uo=";
   };
 
   postPatch = ''
     sed -i '/AC_CONFIG_MACRO_DIR/i PKG_PROG_PKG_CONFIG' configure.ac
   '';
 
-  patches = [
-    (fetchpatch {
-      name = "CVE-2020-23903.patch";
-      url = "https://github.com/xiph/speex/commit/870ff845b32f314aec0036641ffe18aba4916887.patch";
-      sha256 = "sha256-uEMDhDTw/LIWNPPCXW6kF+udBmNO88G/jJTojAA9fs8=";
-    })
-  ];
-
   outputs = [ "out" "dev" "doc" ];
 
   nativeBuildInputs = [ autoreconfHook pkg-config ];