Toca 511 (vocimagene amiretrorepvec) Retroviral replicating vector that carries a prodrug activator enzyme

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TOCA 511 & TOCA FC: EVALUATION OF DURABLE RESPONSE RATE IN THE POST-RESECTION SETTING AND ASSOCIATION WITH SURVIVAL IN PATIENTS WITH RECURRENT HIGH GRADE GLIOMA Cloughesy TF 1, Landolfi J 2, Vogelbaum MA 3, Ostertag D 4, Elder JB 5, Bloomfield S 2, Carter B 6, Chen CC 6, Kalkanis SN 7, Kesari S 8, Lai A 1, Lee IY 7, Liau LM 1, Mikkelsen T 7,9, Nghiemphu PL 1, Piccioni D 6, Accomando W 4, Diago O 4, Hogan D 4, Jolly DJ 4, Wood K 4, Yang L 4, Gruber HE 4, Das A 4, Walbert T 7 1 University of California, Los Angeles, 2 JFK Medical Center, 3 Cleveland Clinic Foundation, 4 Tocagen Inc., 5 Ohio State University, 6 University of California, San Diego, 7 Henry Ford Hospital, 8 John Wayne Cancer Institute, 9 Ontario Brain Institute

Disclosure: I have been compensated for consultation with: Celgene, Tocagen, VBL, Puma, AbbVie, BMS, Merck, Genocea, Cortice, GW Pharma, Wellcome Trust, Cancer Panels I am Chairman for DSMB for VBI-1901 I am on the Steering Committee for BBI-DSP7888 I have stock option with: Notable Labs I am a board member and CMO for Global Coalition for Adaptive Research 2

Toca 511 (vocimagene amiretrorepvec) Retroviral replicating vector that carries a prodrug activator enzyme Regulatory genes Structural RRV genes CD gene Regulatory genes Tumor selectivity and replication in cancers cells is driven by: Defects in the innate immune system of cancer cells Virus enters some normal cells, but is rapidly eliminated by innate and acquired immunity Virus spreads through tumor without triggering immune system Virus only infects dividing cells Optimized CD (cytosine deaminase) 5-FC (Toca FC) Antifungal Prodrug 5-FU Anticancer Drug 5-FU has a very short halflife with direct cell killing localized to cancer microenvironment RRV= Retroviral replicating vector 3

Toca 511 & Toca FC: Toca 511 spreads then converts Toca FC to 5-FU for tumor killing and immune activation Novel 5-FU delivery kills tumor cells and activates immune system against cancer Proposed MOA: Tumor killing and STEP 1 - Toca 511 & CD anti-cancer immune activation CD CD CD Tumor STEP 2 - Toca FC 5-FU 5-FU 5-FU Brain and tumor samples from Tocagen clinical trial patients CD = cytosine deaminase (yeast) Toca FC = extended release 5-FC

Toca 511 & 5-FC Activates a Durable Anti-Cancer Immune Response Pre-Clinical Evidence of Durable Immune Activation ` Cured Mice Reject Re-Challenge of Same Tumor in Flank CONTROL IMMUNE DEFICIENT IMMUNE COMPETENT Images modified for illustrative purposes T Cells From Cured Mice Increase Survival in Adoptive Transfer Model Multiple cycles of tumor-associated antigen (TAA) release during FC treatment cycles, coupled with simultaneous depletion of immune suppressive cells in the tumor microenvironment, leads to immune activation, effective TAA presentation, and lymphocytic infiltration, resulting in gradual killing and shrinkage of the tumor, sometimes completely, over a long period of time. Adapted from Mitchell et al., Neuro-Oncol. 2017 and Hiraoka et al., Neuro-Oncol. 2017.

Toca 511 & Toca FC A cancer-selective immunotherapeutic Directly kills tumor cells and immune-suppressive myeloid cells leading to immune activation and long-term durable responses

Ph1 ascending dose trial of safety and tolerability of Toca 511 & Toca FC in rhgg Toca 511 administered into the resection cavity wall Eligibility Recurrent HGG Planned resection 80% 18-75 yrs old Single or contiguous tumor KPS 70 Adequate lab values No prior bevacizumab for recurrence Tumor 5 cm S U R G E R Y Toca 511 once From 1.4 X 10 7 to 4.8 X 10 9 TU (half-log increases) Multi-center Adaptive 3+3 design Dose Escalation Objective: Safety, tolerability, and MTD Cyclic Toca FC From 135 to 220 mg/kg/day Adapted from M.A. Vogelbaum, MD PhD, SNO, Nov. 21 st, 2015

Basic demographics show predominantly GBM patients Population All Patients N = 56 1 includes gliosarcoma 2 Higher doses (cohorts 4-7a) and meet Ph3 entry criteria of 1 st and 2 nd recurrence, no prior Avastin in raa or rgbm, tumor not > 5cm Higher Doses and Ph3 Entry Criteria Subset 2 N=23 Median Age (range) 56 (24-75) 54.8 (24-70) n (%) n (%) Male 43 (77) 20 (87) Karnofsky Performance Score 70-80 90-100 Initial Tumor Histology GBM 1 Anaplastic Astrocytoma Anaplastic Oligodendroglioma Other gliomas Number of Recurrences Including Current 1 2 3 or greater 17 (30) 39 (70) 46 (82) 6 (11) 1 (2) 3 (5) 28 (50) 13 (23) 15 (27) 5 (22) 18 (78) 19 (83) 4 (17) 0 0 19 (83) 4 (17) 0 Data cutoff date August 15 th, 2017

All responders are now in complete response and alive All responses are in higher dose cohort and durable Response Category 1 Durable response rate (CR or PR 24 weeks) Median duration of durable response All Patients N=53 2 n (%) Higher Doses and Ph3 Entry Criteria Subset 3 N=23 n (%) 6 (11.3); All CR 4 5 (21.7); All CR 5 Not reached (median follow-up: 36.5mos) Not reached (median follow-up: 37.4mos) Stable disease 12 (22.6) 5 (21.7) Compares favorably with lomustine*: Overall response - 4.3% Duration of response - 2.8-9.6 months * Wick, JCO 2010 Progressive disease 35 (66.0) 13 (56.6) Clinical Benefit Rate (CR, PR, and SD at 8 weeks) 16 (30.2) 10 (43.5) 1 Includes MRI by independent radiology review and clinical data 2 of 56 safety evaluable patients, 53 patients who received Toca 511 & Toca FC are efficacy evaluable and of these 2 were not evaluable for response 3 Higher doses (cohorts 4-7a) and meet Ph3 entry criteria of 1 st and 2 nd recurrence, no prior Avastin in raa or rgbm, tumor not > 5cm 4 Includes 4 IDH1 wildtype and 2 IDH1 mutant patients 5 Two patients converted from PR to CR status since last data cutoff Data cutoff date Dec. 20 th, 2017

A positive association of durable response with overall survival Best response & survival post progression All Responses are Durable Complete Responses & Associated with Long Term Survival Toca 511-11-01 Overall Survival and the Best Response 1 st /2 nd Recurrence, No prior bevacizumab, <=5cm, Higher Dose Cohorts (N=23) Patient 017 019 033 034 032 041 037 026 031 046 028 036 043 014 044 025 040 035 039 021 042 045 018 GBM, IDH1 wt PD SD PR CR Alive at last contact GBM, IDH1 wt GBM, IDH1 wt GBM, NA AA, IDH1 mt AA, IDH1 mt mos Toca 511 & Toca FC* = 14.4 months Responses occurred gradually over time ~ 6-19 months, consistent with immunologic response All Responders alive 38.0+ to 57.5+ months, so far All CRs confirmed CRs received no additional brain cancer treatment after entering trial Each CR occurred in a different clinical site Median duration of response is 37.4+ months 10 0 10 20 30 40 50 60 Months Data cutoff date Dec. 20 th, 2017

Complete Response in a Patient with Progressive GBM, IDH1 wt screening scan 1 day post-op baseline scan for response assessment tumor progression resection of enhancing tumor then Toca 511 injection tumor progression 8/13/14 10/2/14 10/10/14 11/12/14 stable disease SD partial response complete response Alive and with ongoing complete response > 36 months 1/7/15 6/2/16 5/11/17 11 Toca FC cycles (1 week per 6 weeks) PR and CR by independent Radiology Review, Macdonald criteria. Modified based on Cloughesy et al. SNO Conference, 2017.

Toca 511 associated with a very low % of treatment-related AEs, across all Grades Adverse events related to Toca 511 pooled across three phase 1 studies Treatment-Related Adverse Events Toca 511 n = 127 Grade 1/2 Grade 3* n (%) n (%) Any treatment-related event 32 (25.2) 9 (7.1) Treatment-related event in 3 patients Fatigue 14 (11.0) 1 (0.8) Headache 6 (4.7) 1 (0.8) Convulsion 6 (4.7) 0 Confusional state 5 (3.9) 0 Pyrexia 5 (3.9) 0 Nausea 4 (3.1) 0 Hemiparesis 3 (2.4) 0 Vasogenic cerebral edema 1 (0.8) 2 (1.6) Any treatment-related SAE 1 (0.8) 7 (5.5) Data cutoff 17 Apr 2017; excludes data from continuation study Absence of vector insertion site clonality supports safety *No deaths considered related to Toca 511

Toca FC has very limited Grade 3 treatment-related toxicities Adverse events related to Toca FC pooled across three phase 1 studies Treatment-Related Adverse Events Toca FC n = 122 Grade 1/2 Grade 3* n (%) n (%) Patients with any treatment-related event 50 (41.0) 4 (3.3) Treatment-related event in 3 patients Fatigue 27 (22.1) 0 Diarrhea 16 (13.1) 1 (0.8) Nausea 12 (9.8) 0 Decreased appetite 6 (4.9) 0 Vomiting 4 (3.3) 0 Rash 3 (2.5) 0 Patient with any treatment-related serious adverse event 0 2 (1.6) Adverse Events Leading to Discontinuation 1 (0.8) 2 (1.6) *No deaths considered related to Toca FC Data cutoff 17 Apr 2017; excludes data from continuation study

Conclusions Toca 511 & 5-FC activates durable T-cell mediated immune responses pre-clinically Treatment was well tolerated limited Grade 3 drug-related toxicities in three Ph1 studies (127 patients) Ph1 resection/injection study indicates: Prolonged survival relative to historical benchmarks In a subset (n=23) that mirrors Phase 3 study (Toca 5) population 5 complete responses (3 rgbm with IDH1 wt, 2 raa with IDH1 mt) are ongoing Median duration of response has not been reached after a median follow-up of 37.4 months Durable response rate may be a valuable endpoint for immunotherapeutics A positive association between durable response and overall survival Clinical activity and MOA data supported Breakthrough Therapy and PRIME designations Findings support ongoing Phase 3 randomized study (Toca 5) in patients with rhgg Currently enrolling patients with raa or rgbm, at 1st or 2nd recurrence, no prior Avastin in rhgg, tumor not > 5cm 14

Thanks to all the patients, their families and caregivers who have supported this work. Study sponsor: Financial support provided by 15