Iovance shares surge 10.49% intraday as Barclays initiates buy rating with $9 target.

think> Okay, let's tackle this user's request. They want me to transform a given text into a concise news headline following specific rules. First, I need to understand the input and the example they provided. The input is about Iovance, with a 10.49107143% intraday increase. The reasons given are that Barclays maintained a buy rating and initially assigned a buy rating with a $9 target price. The company is a commercial-stage biopharma focusing on TIL cell therapy for cancer. Looking at the example, they kept the company name as is, rounded the percentage to two decimals (4.23% instead of 4.230769%), included the time period (premarket), and a brief reason. The structure is: [Company] [surged/rose] [percentage] in [time period], [reason]. Then a second paragraph with more details. So, applying that here: Iovance surged 10.49% intraday. The reasons are Barclays maintaining and initially assigning a buy rating with a $9 target. The company's focus is on TIL cell therapy. Wait, the input lists two points from Barclays: 1) maintaining the buy rating, and 2) first-time buy rating with a $9 target. That seems a bit conflicting. Maybe the user meant that Barclays initially assigned a buy rating and set a target price, and also maintained it. Or perhaps it's two separate points. Need to check the original input again. Original input: "1、巴克莱银行维持对Iovance的买入评级。 2、巴克莱银行首予Iovance买入评级，目标价9美元。" So point 1 is maintaining the buy rating, point 2 is first time assigning a buy rating with a $9 target. That's a bit confusing. Maybe it's a translation issue. Perhaps they mean that Barclays both maintained and initially assigned a buy rating. But that doesn't make sense. Maybe it's two separate actions. Wait, maybe the user made a mistake here. The first point says Barclays maintained the buy rating, and the second says they first gave a buy rating. That's contradictory. But since the user provided the input like that, I have to work with it. So, the reason for the price movement is that Barclays maintained and first assigned a buy rating with a $9 target. The company is a commercial-stage biopharma focused on TIL cell therapy for cancer. Now, structuring the headline. The example uses "surged" for a 4.23% increase. Since 10.49% is a significant rise, "surged" is appropriate. The time period is intraday. The reasons are the two points from Barclays. Then a second paragraph explaining the company's focus. Need to make sure the percentage is rounded to two decimals: 10.49107143% becomes 10.49%. The company name is Iovance. The time period is intraday. Putting it all together: "Iovance surged 10.49% intraday, as Barclays maintained its buy rating and initially assigned a buy rating with a $9 price target. The company is a commercial-stage biopharmaceutical firm focused on developing tumor-infiltrating lymphocyte (TIL) cell therapies for cancer treatment." Wait, the example includes the company's description in a second paragraph. So maybe split into two sentences or two paragraphs. Also, check the example's structure. The first sentence includes the price movement and the immediate reason, then a second paragraph with more details. So, the final headline would be: "Iovance surged 10.49% intraday, with Barclays maintaining its buy rating and initially assigning a $9 price target. The company is a commercial-stage biopharmaceutical firm focused on developing tumor-infiltrating lymphocyte (TIL) cell therapies for cancer treatment." But need to check the original input's points. The first point is maintaining the buy rating, the second is first time assigning a buy rating. Maybe the user intended that Barclays both maintained and assigned a new rating. But that's a bit confusing. Maybe rephrase to clarify that Barclays both maintained and assigned a buy rating. However, "maintained" implies they had it before, and "initially assigned" suggests it's the first time. That seems contradictory. Perhaps the user made a mistake here. But since the user provided both points, I need to include both. So the reason would be that Barclays maintained its buy rating and first assigned a buy rating with a $9 target. Maybe the user meant that they upgraded to a buy rating for the first time and also maintained it. But that's unclear. Maybe the correct way is to say that Barclays assigned a buy rating and set a $9 target. Since the user listed two points, perhaps the second one is the key reason. But the.