Background/Aim: Lenvatinib is one of the few options for patients with anaplastic thyroid cancer (ATC). However, tumor markers for ATC treated with lenvatinib is lacking. The aim of this study was to explore whether the neutrophil-to-lymphocyte ratio (NLR) can be a tumor marker for ATC treated with lenvatinib. Patients and Methods: We retrospectively analyzed the prognostic significance of the NLR in 13 ATC patients treated with lenvatinib. Results: The disease control rate was better in patients with lower NLR (<8; 89%) than higher NLR (≥8; 25%) (p=0.05). Median progression-free survival and overall survival were longer in patients with lower NLR than higher NLR (4.0 vs. 1.6 months, p<0.05; and 10.2 vs. 3.8 months, p<0.05, respectively). Patients whose NLR on day 14 decreased compared to baseline had a slightly higher overall response rate than patients without NLR decrease (42.9% vs. 0%, p=0.19). Conclusion: The baseline NLR is a potential prognostic marker, and the change of NLR can be an early indicator of response for ATC patients treated with lenvatinib. According to the GLOBOCAN, it is estimated that 567,000 patients newly diagnosed with thyroid cancer worldwide, and 41,000 of these patients died from the disease in 2018 (1). Approximately 95% of thyroid cancer cases involve differentiated thyroid cancer (DTC), including papillary thyroid cancer and follicular thyroid cancer (2, 3). The majority of DTC cases tend to be of a slow-growing nature; however, the prognosis of anaplastic thyroid cancer (ATC) is extremely poor, with a disease-specific mortality >90% (4). Although ATC comprises only 1-2% of all thyroid cancers, ATC accounts for 14-39% of all thyroid cancer deaths (5, 6). Lenvatinib is an antiangiogenic multi-kinase inhibitor (MKI) that prevents ligand-induced receptor autophosphorylation of vascular endothelial growth factor receptor (VEGF-R) 1-3, fibroblast growth factor receptor 1-4, ret proto-oncogene (RET), stem cell factor receptor (KIT), and platelet-derived growth factor receptor-alpha (PDGFRα) (7-9). A phase 3 study of lenvatinib in patients with radioactive iodine ablationrefractory (RR)-DTC showed improvement in progression-free survival (PFS) compared to placebo (10). Moreover, lenvatinib exhibited efficacy and safety for patients with ATC [objective response rate (ORR)=24%] in a phase 2 trial (11, 12). No tumor markers for ATC have been established. Thyroglobulin, a well-known tumor marker for RR-DTC, is widely used for post-operative follow-up and as a supportive indicator for starting MKIs (13). However, thyroglobulin is not suitable for use in ATC patients. In a large Japanese cohort of ATC patients, the presence of acute symptoms, leukocytosis [white blood cell (WBC) count ≥10,000/mm 3), large tumor size (≥5 cm), T stage (T4b), and presence of distant metastases were associated with a poor prognosis (14). These factors are used as a prognostic index to determine the appropriate treatment strategy for ATC, but their use in patients with recurrent or metastatic ATC receiving lenvatini...