Amgen signs $500 million deal with IBM for information services

BOULDER, Colo. IBM will provide information services for biotech Amgen, under a deal that Amgen disclosed in a Securities and Exchange Commission filing last week.

Amgen will pay $500 million for a five-year contract to provide the services, as well as up to $300 million if the contract is extended for three years in one-year increments.

IBM will provide networking, software and other computer services for the Thousand Oaks, Calif.-based Amgen.