{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2026:LF2CEV3KBZUSVZAY7HBPURRLRW","short_pith_number":"pith:LF2CEV3K","schema_version":"1.0","canonical_sha256":"597422576a0e692ae418f9c2fa462b8da7a26c2a3120db3169fedce70a3c806e","source":{"kind":"arxiv","id":"2608.10175","version":1},"attestation_state":"computed","paper":{"title":"Beyond Cash Flows: A Multi-Agent AI Framework for Valuing Clinical-Stage, Cross-Border Biotechnology","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PM"],"primary_cat":"cs.MA","authors_text":"Yuhan Fang","submitted_at":"2026-08-10T19:44:29Z","abstract_excerpt":"A new class of software systems is transforming investment analysis. Large language model agents assembled into collaborative team structures including analysts, researchers, and risk managers are increasingly deployed across financial markets. Yet current multi-agent frameworks share a critical limitation: they rely on the foundational assumption that companies can be valued through traditional cash flows. This paradigm fails in clinical-stage biotechnology, where enterprise value depends entirely on binary scientific and regulatory milestones. To bridge this gap, this paper introduces a spec"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"2608.10175","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"cs.MA","submitted_at":"2026-08-10T19:44:29Z","cross_cats_sorted":["q-fin.PM"],"title_canon_sha256":"43ef324fcdb6b3a0c39fbd09fbecaff50e47a547070d73f26fc9a4365bf218e5","abstract_canon_sha256":"a77ea905d3a29beeefc0de01231f9945f59e9c3ce3b81c3940cab725324b8cfe"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-08-12T00:22:58.898160Z","signature_b64":"gtAtVzqnpGu9nz8HdSafTjzgi7R+SkvbTeYfK/YAvU+Pp3pW3x+CagUAWp9suY1YLU3t3t5xc1NWXan6Y4iDAQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"597422576a0e692ae418f9c2fa462b8da7a26c2a3120db3169fedce70a3c806e","last_reissued_at":"2026-08-12T00:22:58.896501Z","signature_status":"signed_v1","first_computed_at":"2026-08-12T00:22:58.896501Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Beyond Cash Flows: A Multi-Agent AI Framework for Valuing Clinical-Stage, Cross-Border Biotechnology","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PM"],"primary_cat":"cs.MA","authors_text":"Yuhan Fang","submitted_at":"2026-08-10T19:44:29Z","abstract_excerpt":"A new class of software systems is transforming investment analysis. Large language model agents assembled into collaborative team structures including analysts, researchers, and risk managers are increasingly deployed across financial markets. Yet current multi-agent frameworks share a critical limitation: they rely on the foundational assumption that companies can be valued through traditional cash flows. This paradigm fails in clinical-stage biotechnology, where enterprise value depends entirely on binary scientific and regulatory milestones. To bridge this gap, this paper introduces a spec"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2608.10175","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2608.10175/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"2608.10175","created_at":"2026-08-12T00:22:58.899121+00:00"},{"alias_kind":"arxiv_version","alias_value":"2608.10175v1","created_at":"2026-08-12T00:22:58.899121+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2608.10175","created_at":"2026-08-12T00:22:58.899121+00:00"},{"alias_kind":"pith_short_12","alias_value":"LF2CEV3KBZUS","created_at":"2026-08-12T00:22:58.899121+00:00"},{"alias_kind":"pith_short_16","alias_value":"LF2CEV3KBZUSVZAY","created_at":"2026-08-12T00:22:58.899121+00:00"},{"alias_kind":"pith_short_8","alias_value":"LF2CEV3K","created_at":"2026-08-12T00:22:58.899121+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW","json":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW.json","graph_json":"https://pith.science/api/pith-number/LF2CEV3KBZUSVZAY7HBPURRLRW/graph.json","events_json":"https://pith.science/api/pith-number/LF2CEV3KBZUSVZAY7HBPURRLRW/events.json","paper":"https://pith.science/paper/LF2CEV3K"},"agent_actions":{"view_html":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW","download_json":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW.json","view_paper":"https://pith.science/paper/LF2CEV3K","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=2608.10175&json=true","fetch_graph":"https://pith.science/api/pith-number/LF2CEV3KBZUSVZAY7HBPURRLRW/graph.json","fetch_events":"https://pith.science/api/pith-number/LF2CEV3KBZUSVZAY7HBPURRLRW/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW/action/timestamp_anchor","attest_storage":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW/action/storage_attestation","attest_author":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW/action/author_attestation","sign_citation":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW/action/citation_signature","submit_replication":"https://pith.science/pith/LF2CEV3KBZUSVZAY7HBPURRLRW/action/replication_record"}},"created_at":"2026-08-12T00:22:58.899121+00:00","updated_at":"2026-08-12T00:22:58.899121+00:00"}