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BRIEF-CORRECTED-Arseus paid about $12.5 mln for Gallipot

AMSTERDAM, May 10 (Reuters) - Arseus NV says: * CORRECTED-ARSEUS NV CFO SAYS PAID 1 TIMES SALES, ROUGHLY $12.5 MLN (NOT 12.5 MLN EUROS) * Rpt-arseus nv says also looking to south america after gallipot deal, but also european expansion * Rpt-arseus nv ceo says acquisition price paid in cash * Rpt-arseus nv says will invest in improving in gallipot product quality, but stresses gallipot is fda approved * Rpt-arseus nv says already involved in possible new acquisitions ((Amsterdam Newsroom; amsterdam.newsroom@reuters.com; +31 20 504 5000)) ( For more, double click on ) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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