SEC Filing - Cardiff Oncology, Inc.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 10, 2021

Cardiff Oncology, Inc.

(Exact name of registrant as specified in its charter)


Delaware	001-35558	27-2004382
(State or other jurisdiction	(Commission File Number)	IRS Employer
of incorporation or organization)		Identification No.)

11055 Flintkote Avenue

San Diego, CA 92121

(Address of principal executive offices)

Registrant’s telephone number, including area code: (858) 952-7570

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which registered:

Common Stock

CRDF

Nasdaq Capital Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01 Regulation FD Disclosure

Cardiff Oncology, Inc. (the “Company”) intends to conduct meetings with third parties in which its corporate slide presentation (“Company Presentation”) will be presented. The Company Presentation is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated into this Item 7.01 by reference.

In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto are deemed to be "furnished" and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information and exhibit be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 8.01 Other Events.

On April 10, 2021, the Company issued a press release announcing observations from its Expanded Access Program (EAP) of onvansertib in KRAS-mutated metastatic colorectal cancer (mCRC), featured in a virtual oral poster presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021. In addition, the Company announced on April 10, 2021, that new gene signature and mechanistic analyses related to its ongoing Phase 2 trial of onvansertib in metastatic castrate-resistant prostate cancer (mCRPC) were featured in a virtual oral poster presentation at the AACR Annual Meeting 2021.

On April 12, 2021, the Company announced data from its ongoing Phase 1b/2 trial that demonstrate the continued robust patient response to treatment with onvansertib and progression-free survival when combined with standard-of-care therapy in second line KRAS-mutated mCRC. Copies of the press releases are furnished as Exhibits 99.2, 99.3 and 99.4, respectively, to this Form 8-K.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.


99.1			Corporate Presentation of Cardiff Oncology, Inc.
99.2			Press Release of Cardiff Oncology, Inc. dated April 10, 2021.
99.3			Press Release of Cardiff Oncology, Inc. dated April 10, 2021.
99.4			Press Release of Cardiff Oncology, Inc. dated April 12, 2021.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 12, 2021


			CARDIFF ONCOLOGY, INC.


			By:			/s/ Mark Erlander
						Mark Erlander
						Chief Executive Officer

a991ex041221

Key Opinion Leader Webinar Onvansertib for the Treatment of KRAS-Mutated Metastatic Colorectal Cancer

2020 Corporation Presentation I 220 Corporation Pr sentation I 2 Forward-Looking Statements Certain statements in this presentation are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are based on our current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, our need for additional financing; our ability to continue as a going concern; clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidates; risks related to business interruptions, including the outbreak of COVID-19 coronavirus, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; our ability to develop tests, kits and systems and the success of those products; regulatory, financial and business risks related to our international expansion and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that any of our technology or products will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that any precision medicine therapeutics will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2020, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and we do not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.

Phase 1b/2 Trial of Onvansertib + FOLFIRI/Bevacizumab for Second-Line Treatment of KRAS-Mutated mCRC Daniel H. Ahn, D.O., M.S. Assistant Professor in the Division of Hematology/Medical Oncology Mayo Clinic Arizona

April 12, 2021 KOL Webinar I 4 Today’s Discussion Putting the Second-Line mCRC Landscape into Perspective – Benchmarking 2nd line standard-of-care: response rates, progression-free survival and overall response – KRAS Targeted Therapies Scientific Rationale for Onvansertib in mCRC – Synthetic Lethality and Synergy Phase 1b/2 Clinical Study Update – Enrollment Status and Patient Baseline Characteristics – Safety and Efficacy Assessment – KRAS Response Biomarker Patient Case Report

Benchmarking for Second Line Treatment of mCRC

April 12, 2021 KOL Webinar I 1Giessen et al., Acta Oncologica, 2015, 54: 187-193; 2Cremolini et al., Lancet Oncol 2020, 21: 497–507; 3Antoniotti et al., Correspondence Lancet Oncol June 2020; 4Bennouna et al., Lancet Oncol 2013; 14: 29–37 6 Objective Response Rate (ORR) Progression-Free Survival (PFS) Overall Survival (OS) Systematic Literature-Based Analysis of 23 Randomized Trials (10,800 Patients) in Second-Line mCRC1 (2000 – 2013) 11.4% 4.5 months 11.5 months TRIBE2 Randomized Phase 3 Trial: SOC arm FOLFIRI + bev in Second-line following FOLFOX + bev First-line2,3 (2015 – 2017) 13% 5.6 months Not Reported for Second-line ML18147 Phase 3 Registrational Trial of FOLFIRI + bev in Second-Line4 (2006 – 2008) 5% 5.7 months 11.2 months Second-Line mCRC Treatment is an Unmet Need • Prognosis is poor with a five-year survival rate of 10% • Other drugs currently in development do not address the most prevalent KRAS mutations in mCRC Standard-of-Care Second Line mCRC Benchmarks for Median ORR, PFS and OS

April 12, 2021 KOL Webinar I 1Hong et al., NEJM 2020; 2Johnson et al., ENA 2020, #LBA-04; 3https://www.revmed.com/pipeline/rmc-4630 7 • KRAS Targeted Drugs in Development: – Two KRAS G12C inhibitors are currently in clinical development • Sotorasib (AMG510, Amgen) and Adagrasib (MRTX849, Miriati Therapeutics) • KRAS G12C inhibitors have limited efficacy in mCRC patients – At the last data update, Sotorasib has an ORR of 7% (3 of 42 patients)1 and Adagrasib of 17% (3 of 18 patients)2 – KRAS G12C represents only 8% of KRAS mutations in CRC • SHP2 Inhibitor in combination with MEK inhibitor has had limited activity in mCRC3 • SOS1 inhibitor BI 1701963, is the only pan-KRAS inhibitor currently in clinical development. It is being evaluated in a Phase 1 as a single agent and in combination with the MEK inhibitor trametinib • Onvansertib provides new potential treatment option in mCRC – Downstream target with synthetic lethality across KRAS mutations Targeted Therapies for KRAS Mutant Patients is an Unmet Need

April 12, 2021 KOL Webinar I Source: Hess, L. International Journal of Colorectal Disease; 2019. Data is limited to limited to second-line regimens used in >1% of the cohort. FOLFOX: fluoropyrimidine, leucovorin, oxaliplatin. FOLFIRI: fluoropyrimidine, leucovorin, irinotecan, FOLFOXIRI: fluoropyrimidine, leucovorin, irinotecan, oxaliplatin Flatiron Health Data: Second-line Treatment 255 Cancer clinics representing 1.7 million active cancer patients 14,315 Colorectal cancer patients 7,034 Colorectal cancer patients who receive second line therapy Denotes combination with bevacizumab Denotes combination with other antiangiogenics 8 • FOLFIRI/Bev is the most utilized second-line regimen following first-line FOLFOX/Bev; other anti-angiogenic therapies are much less commonly used

Scientific Rationale: Synthetic Lethality and Synergy

April 12, 2021 KOL Webinar I 101Luo et al, Cell. 2009; 137 835-48; PLK1: Polo-like Kinase 1; mCRC: Metastatic colorectal cancer KRAS Mutant CRC Cells are More Sensitive to Onvansertib than KRAS Wild-Type CRC Cells • A genome-wide RNAi screen was performed in KRAS-mutant and wild-type isogenic CRC cell lines to identify synthetic lethal partners of KRAS mutant1 • PLK1 shRNAs were identified to have synthetic lethality with KRAS mutant1 SYNTHETIC LETHAL Library of 75,000 shRNAs targeting 32,300 transcripts Comparison of shRNA overtime shRNAs that kill tumor cells are depleted from the population Depleted in KRAS WT and MUT cells Depleted ONLY in KRAS MUT cells LETHAL KRAS WT Tumor KRAS MUT Tumor Cell Viability 0 25 50 100 200 400 800 0 25 50 75 100 125 Onvansertib (nM) C el l v ia bi lit y re la tiv e to D M S O KRAS mutant KRAS wild-type ✱✱✱ ✱✱✱ ✱✱✱ ✱✱✱ ✱✱✱ 0 25 50 75 100 200 0 20 40 60 Onvansertib (nM) % m ito tic c el ls (p H 3- S er 10 +) KRAS mutant KRAS wild-type ✱ ✱✱ ✱ Mitotic arrest

April 12, 2021 KOL Webinar I RAS activates PLK1 through a MEK/ERK-independent mechanism 1Mielgo et al., Nat. Med. 2011; 17(12):1641-5 RAS Activates PLK1 via CRAF through a MEK-ERK Independent Pathway 11 The downstream target of KRAS, pCRAF, localizes to the mitotic spindle poles at mitosis where it interacts with PLK1 and promotes PLK1 activation, leading to mitosis and tumor progression1 Data suggest that KRAS-activated cells are dependent on PLK1 for their proliferation and survival and inhibition of PLK1 by onvansertib could inhibit tumor growth RAS RAF P CRAF P PLK1 PLK1 Activity Mitotic Progression MEK P ERK P Proliferation/Survival Onvansertib

April 12, 2021 KOL Webinar I Onvansertib works synergistically in combination with standard-of-care FOLFIRI (irinotecan and 5-FU) HCT-116 (with G13D KRAS mutation) 12 Onvansertib is Synergistic in Combination with Irinotecan and 5-FU Synergy in Combination with Irinotecan Synergy in Combination with 5-FU 0 10 20 30 40 0 1 2 3 Days post-treatment Tu m or v ol um e (c m 3 ) Vehicle Irinotecan Onvansertib Onvansertib + Irinotecan 0 10 20 0.0 0.5 1.0 1.5 Days post-treatment T um or v ol um e (c m 3 ) Vehicle Onvansertib 5-FU Onvansertib + 5-FU Tumor Growth Inhibition on Day 17 Onvansertib 55% Irinotecan 53% Onvansertib+Irinotecan 88% Tumor Growth Inhibition on Day 21 Onvansertib 16% 5-FU 13% Onvansertib+5FU 56%Treatment Treatment

Phase 1b/2 Clinical Study in KRAS- mutated Metastatic Colorectal Cancer

April 12, 2021 KOL Webinar I 14 Phase 1b/2 Open Label Trial of Onvansertib + FOLFIRI/bevacizumab Trial Design Efficacy Endpoints • Overall response in patients who receive ≥1 cycle (2 courses) of treatment • Progression-free survival (PFS) and duration of response (DOR) • Decreases in KRAS mutation burden and response to treatment 1 CYCLE = 28 Days Treatment Course = 14 Days Treatment Course = 14 Days 2 3 4 5 6 - 141 2 3 4 5 6 - 141 Onvansertib Onvansertib FOLFIRI + bevacizumab FOLFIRI + bevacizumab • ≥5 of 26 (~20%) patients achieve clinical response confirmed by radiographic scan (per protocol) • Achieve median progression-free survival of ≥ 6 months Clinically Meaningful Outcome

April 12, 2021 KOL Webinar I Phase 1b/2 Enrollment and Patient Baseline Characteristics Enrollment (as of 04-Apr-2021) Number of Patients (N) Phase 1b Dose Level 0 Onvansertib 12 mg/m2 Phase 1b Dose Level +1 Onvansertib 15 mg/m2 Phase 1b Dose level +2 Onvansertib 18 mg/m2 Phase 2 RP2D Onvansertib 15 mg/m2 Treated 6 6 6 11 Completed Cycle 1 5 6 5 6 Currently on Treatment 0 3 2 11 Total Patients N=29 Median [range] or n (%) Age (years) 56 [36-83] Sex Male 16 (55%) Female 13 (45%) ECOG 0 17 (59%) 1 11 (38%) Primary tumor site Colon 13 (45%) Rectum 10 (34%) Unknown/Not provided 6 (21%) Liver metastasis None 8 (28%) Liver and other 14 (48%) Liver only 5 (17%) Number of metastatic organs 1 10 (34%) ≥2 17 (59%) Prior Bevacizumab treatment Yes 16 (55%) No 8 (28%) 15

April 12, 2021 KOL Webinar I Phase 1b/2 Safety Assessment Adverse Events (AEs) Grade 1 Grade 2 Grade 3 Grade 4 All Grades Nausea 13 5 2 0 20 Fatigue 10 8 1 0 19 Neutropenia 3 4 5 4 16 Abdominal pain 8 5 1 0 14 Diarrhea 7 5 0 0 12 Alopecia 8 2 0 0 10 WBC Decreased 3 5 1 1 10 Vomiting 4 4 1 0 9 Anemia 6 2 0 0 8 Platelet count decreased 5 2 0 0 7 Stomatitis 5 1 0 0 6 Headache 5 0 0 0 5 Neuropathy 4 0 0 0 4 Epistaxis 4 0 0 0 4 ALT increase 3 0 1 0 4 Hypertension 1 1 1 0 3 Dehydration 0 2 1 0 3 n=number of patients (total N=30); WBC=white blood cells; ALT= alanine aminotransferase Most Common Treatment-Emergent AEs (as of 04-Apr-2021) 16 • 5 patients had G4 adverse events: – G4 neutropenic fever (n=1); G4 neutropenia (n=4); Decreased WBC (n=1); Hyperphosphatemia (n=1) - also neutropenia and WBC deceased noted above • Onvansertib RP2D was confirmed at 15 mg/m2 • Combination regimen was well tolerated: – Of all AEs only 11.3% (28/247) were G3/G4 – The only G3/G4 AE reported in ≥2 patients were neutropenia (n=8); which was managed by dose delay, growth factor and/or discontinuation of the 5-FU bolus; WBC decease (n=2); Nausea (n=2) • 5-FU bolus was discontinued in 16 of 18 patients in Phase 1b due to hematological toxicities; which led to resolution of associated toxicities • No major or unexpected toxicities were attributed to onvansertib

April 12, 2021 KOL Webinar I • Of the 18 patients evaluable for efficacy*, 7 (39%) achieved a partial response (PR) representing KRAS mutations G12D (n=2), G13D (n=1), G12V (n=1), G12A (n=2) and A146T (n=1) – 4 patients had a confirmed PR; 1 patient went on to have curative surgery – 1 patient (02-004) with non-confirmed PR went off study following PR due to treatment-unrelated AE – 2 patients (01-019; 04-023) with non-confirmed PR await results from next scans Phase 1b/2 Preliminary Efficacy Assessment (as of 04-Apr-2021) *completed at least 1 cycle of treatment and had radiographic scan or progressed within 8 weeks while on treatment Treatment Response and Duration Changes in Tumor Size From Baseline 17 0 56 11 2 16 8 22 4 28 0 33 6 39 2 44 8 06-021 04-023 02-015 01-014 02-016 01-013 02-012 02-008 01-011 01-020 01-018 01-019 01-010 02-005 02-004 01-003 01-006 01-007 ⊗ ⊗ → → → → → → → Days of treatment 8 w eek s 16 wee ks 32 wee ks Radiographic assessment Partial Response (PR) Stable Disease (SD) Progressive Disease (PD) P ha se 1 b 12 m g/ m 2 P ha se 1 b 15 m g/ m 2 P ha se 1 b 18 m g/ m 2 40 wee ks 48 wee ks Treatment ongoing→ Curative surgery Patient/MD decision Reason for discontinuation Treatment-unrelated AE⊗ 56 wee ks Received bevacizumab in 1st line Dose level +1 Dose level -1 Onvansertib dose adjustments 64 wee ks 24 wee ks P ha se 2 15 m g/ m 2 Ba se lin e 8 w ee ks 16 w ee ks 24 w ee ks 32 w ee ks 40 w ee ks 48 w ee ks 56 w ee ks 64 w ee ks -60 -40 -20 0 20 40 60 80 100 % c ha ng e in ta rg et le si on s fr om b as el in e 01-003 02-004 02-005 01-006 01-007 02-008 01-010 01-011 02-012 01-013 01-014 SD PD PR 02-016 01-019 01-018 01-020 06-021 04-023

April 12, 2021 KOL Webinar I 1Giessen et al, Acta Oncologica, 2015; 54:187-193; 2Bennouna et al., Lancet Oncol. 2013; 14(1):29-37 18 Median Progression-free Survival (PFS) Median PFS (95% CI) = 9.40 months (7.85, not reached) Median Progression-Free Survival (mPFS) • mPFS for patients treated to-date with onvansertib + standard-of-care = 9.4 months • Comparatively, mPFS = 4.5 months for standard- of-care benchmark second line treatment mCRC (from systematic literature-based analysis of 23 randomized trials - 10,800 patients)1 • Pivotal trial for FDA approval of FOLFIRI + Bev for second line mCRC2 – Median PFS = 5.7 months (95% CI 5.2–6.2 months) • mPFS is favorable compared to current standard-of-care

April 12, 2021 KOL Webinar I KRAS Mutant Allelic Frequency (MAF) Biomarker Analyses PR: partial response, SD: stable disease, PD: progressive disease % KRAS MAF Decrease Following 1 Cycle of Treatment 19 02 -0 04 04 -0 23 01 -0 10 01 -0 19 02 -0 05 01 -0 07 01 -0 13 01 -0 18 02 -0 16 02 -0 12 01 -0 20 01 -0 11 06 -0 21 01 -0 06 02 -0 08 02 -0 15 -100 -50 0 % c ha ng e in K R A S M A F at C yc le 2 D ay 1 fr om b as el in e PR SD PD 75% decrease • KRAS MAF was measured by digital droplet PCR (ddPCR) at baseline (Cycle 1 Day 1, pre-dose) and on-treatment (Day 1 of Cycles 2 to 9) • 16 of 18 patients had a KRAS mutation detected by ddPCR at baseline (all had a KRAS mutation detected by NGS) • Clinical responses were observed across patients with different KRAS mutations, including the 3 most prevalent in CRC (G12D, G12V, G13D) • The greatest decreases in KRAS MAF after 1 cycle of treatment were observed in patients achieving a PR – All 7 patients with a PR had >75% decrease – 5 of the 7 patients with SD had reductions >75% – the 2 patients who progressed showed a more modest decrease in KRAS MAF (-55% and -26%)

April 12, 2021 KOL Webinar I 20 • Safety Assessment: – The combination of onvansertib and FOLFIRI/bev is well-tolerated – In patients experiencing hematologic toxicities, eliminating the 5-FU bolus from the regimen led to resolution of associated AEs – Onvansertib MTD was established at 15 mg/m2 • Preliminary Efficacy: – 7 (39%) of the 18 evaluable patients achieved a partial response (PR), including 4 confirmed PRs and 2 patients with upcoming confirmatory scans – 1 patient proceeded to curative surgery – Median PFS is 9.4 months, which is approximately two-fold greater than current SOC mPFS of 4.5 – 5.7 months – 7 of the 18 patients remain on treatment to-date • KRAS Mutant Allelic Frequency (MAF) Biomarker: – Clinical responses were observed across different KRAS variants, including the 3 most common in CRC – Patients achieving a PR or SD showed the greatest decreases in plasma mutant KRAS after the first cycle of therapy Conclusions

Patient Case Report

April 12, 2021 KOL Webinar I – 83-year-old woman with KRAS G12D metastatic colon cancer Case Report – Patient 01-019 Background Oxaliplatin + 5-FU Patient Overview Treatment History 22 Dec 2018 – Jul 2019 Jul – Dec 2019 5-FU + Bev Dec 2019 – Sept 2020 5-FU Nov 2020 – TROV-054 Jul 2020 Disease Progression FOLFIRI + Bev + onvansertib • C1D15 – G4 neutropenia (DLT); treatment was held • C2D1 – 5-FU bolus eliminated • C3D1 – G3 neutropenia; treatment was held • C3D15 – Dose reduction (-1) for irinotecan and 5-FU Additional Details

April 12, 2021 KOL Webinar I 23 Case Report – Patient 01-019 Response – January 2021 (8-week scan): stable disease (-16%) with decrease in size of metastatic lesions – March 2021 (16-week scan): partial response (-39%) with further decrease in size of metastatic lesions Baseline Scan 05-Nov-2020 16-week Scan 04-Mar-21 8-week Scan 08-Jan-2021 Summary -16% stable disease (SD) 12.4 mm 13.5 mm -39% partial response (PR) 8.9 mm 9.8 mm 16.1 mm 15.0 mm Changes in MAF KRAS mutant allelic frequency decreased to non-detectable at C5D1 – March 5, 2021 C1 D1 C1 D7 C2 D1 C3 D1 C4 D1 C5 D1 0.0 0.1 0.2 0.3 0.4 01-019 KRAS G12D K R A S M A F (% )

Expanded Access Program (EAP) of Onvansertib in Combination with FOLFIRI/Bevacizumab for Treatment of Patients with KRAS-mutated Metastatic Colorectal Cancer Manish R. Sharma, M.D. Associate Director of Clinical Research START Midwest

April 12, 2021 KOL Webinar I 25 Today’s Discussion Putting the Heavily Pre-Treated mCRC Landscape into Perspective EAP Program Design Safety and Clinical Benefit Assessment KRAS Response Biomarker Patient Case Report

April 12, 2021 KOL Webinar I 26 Effective Treatment Options for Heavily Pre-Treated Patients are Needed • Third- or later-lines of treatment have poor outcomes: – Approved therapies for KRAS mutant patients are Stivarga® (regorafenib) and Lonsurf® [trifluridine/tipiracil (TAS-102)] • These agents have a median progression-free survival (PFS) of 2-3 months and median overall survival of 6-9 months1 • Although most patients had previously received FOLFIRI; the Expanded Access Program provided the opportunity to evaluate the potential clinical benefit with the addition of onvansertib to FOLFIRI/bev regimen

April 12, 2021 KOL Webinar I 27 EAP Provides Access to Onvansertib in Combination with FOLFIRI/bevacizumab for Patients with KRAS-mutant mCRC 1 CYCLE = 28 Days Treatment Course = 14 Days Treatment Course = 14 Days 2 3 4 5 6 - 141 2 3 4 5 6 - 141 Onvansertib FOLFIRI + bevacizumab FOLFIRI + bevacizumab Onvansertib Eligibility: • Metastatic and unresectable CRC with a confirmed KRAS mutation • Participants have failed or progressed on multiple lines of standard-of-care systemic therapy, including prior FOLFIRI • Participants are not eligible for ongoing Phase 1b/2 clinical trial Treatment: • Participants receive onvansertib (15 mg/m2) + FOLFIRI + Bevacizumab • Option to eliminate 5-FU bolus Enrollment as of 12-Apr-21: # of Participants Treated 45 # Reaching First On-Treatment CT Scan and with Results Provided (11 of 20 remain on treatment) 20 # Discontinuing Prior to First CT Scan 2 Aims: • Primary: evaluate safety of the combination • Exploratory: progression-free survival (PFS); changes in plasma KRAS mutant allelic frequency (MAF)

April 12, 2021 KOL Webinar I 28 Safety and Clinical Benefit Assessed in EAP Participants CI = confidence interval Baseline Characteristics (n=20) Median [range] or N (%) Participant age 50 [35-74] Prior lines of therapy 3 [1-6] Participants who received irinotecan- based regimen as last therapy 15 (75%) Participants progressing prior to EAP 13 (65%) *Participants who had at least one on-treatment CT scan and results were provided Safety: • Onvansertib in combination with FOLFIRI + Bevacizumab has been well-tolerated with no serious adverse events (SAEs) reported to-date in any of the treated participants (N=43) Clinical Benefit: 0 100 200 300 0 50 100 Days P ro gr es si on F re e S ur vi va l • Participants had a median PFS on EAP of 5.6 months (95% CI: 2.7 – not-reached) and 11 of 20 remain on treatment to-date PFS of participants evaluable for clinical benefit* • 20 participants were evaluated for clinical benefit* – Participants had median number of 3 prior lines of treatment – 65% were progressing prior to enrolling in EAP

April 12, 2021 KOL Webinar I 29 Changes in Plasma KRAS-mutant Stratify Participant Outcomes CI= confidence interval; NR= not-reached 0 100 200 300 0 50 100 Days P ro gr es si on F re e S ur vi va l >50% <50% Decrease in KRAS MAF after 1st cycle p=0.014 Decrease in KRAS MAF Median PFS (95% CI) ≥50% Not-reached [NR] (5.5 – NR) <50% 2.6 months (2.3 – NR) PFS of participants with detectable plasma KRAS mutant at baseline *Participants who had at least one on-treatment CT scan and results were provided • KRAS mutant allelic frequency (MAF) was measured by digital droplet PCR (ddPCR) at baseline and end of Cycle 1 in all participants evaluable for clinical benefit* • 16 of 20 participants had a KRAS variant detected by ddPCR at baseline • Participants with greater than 50% decrease in KRAS MAF (n=10) had a significant increase in PFS compared with participants who had less than 50% decrease (n=6), supporting that early changes in KRAS MAF are predictive of clinical benefit

Patient Case Report

April 12, 2021 KOL Webinar I 31 Participant Case Report • Participant received several prior lines of treatment including FOLFIRI + Bev • Oct 2020 – progressed on investigational drug and had increase in size of lung metastases • Nov 2020 – enrolled in EAP and received onvansertib 15 mg/m2 + FOLFIRI + Bevacizumab Participant 101-032: 61-year-old female with KRAS G12V metastatic sigmoid colon cancer Apr 2017 Jun-Nov 2017 Jun-Oct 2018 Mar-Jun 2019 Sept-Oct 2020 Nov 2020- To-Date Diagnosis & sigmoid colon resection FOLFOX Progression to metastatic disease FOLFIRI + Bev Trastuzamab/ pertuzamab Jan –Jul 2020 Zotatifin Phase 1 Trial EAP Program: Onvansertib + FOLFIRI + Bev

April 12, 2021 KOL Webinar I 32 Clinical Benefit Demonstrated • 8-week CT scan: decrease in size of numerous lung metastases; many appearing necrotic • 16-week CT scan: further decrease in size of lung metastases; many continuing to appear necrotic Clinical Benefit / Response to Onvansertib + FOLFIRI + Bev Combination 0 10 20 30 0.0 0.5 1.0 1.5 C E A (n g/ m L) K R A S M A F (% ) CEA KRAS MAF C1D1 C2D1 C3D1 C4D1 16-week CT Scan 8-week CT Scan Baseline CT Scan Decreases in tumor lesions were accompanied by a decrease in KRAS MAF from 1.4% to 0% (undetectable) and a decrease in CEA from 24.4 to 4.6 ng/mL

April 12, 2021 KOL Webinar I • Treatment with onvansertib + FOLFIRI + Bevacizumab in the EAP has been well tolerated with no SAEs reported to-date • At the AACR cutoff date of March 10, 2021, 20 participants with a median of 3 or more prior therapies, were evaluated for clinical benefit – Median progression-free survival (PFS) is 5.6 months, and 11 of 20 participants remain on treatment to- date (representing a significant contrast vs historical control of 2-3 months1) • Changes in plasma KRAS-mutant allelic frequency (MAF) correlates with clinical benefit – Participants with a greater than 50% decrease in KRAS MAF had a significant increase in PFS (PFS not-reached) compared with those who had a decrease of less than 50% (PFS of 2.6 months) 33 Summary

Corporate Update and Outlook for 2021 Mark Erlander, Ph.D. Chief Executive Officer

April 12, 2021 KOL Webinar I 35 Cardiff Oncology Strategy – Transforming to Lead the Way Undergoing Corporate Transformation to Position Cardiff for Long-term Success Maximizing Our Clinical Development Capabilities Leading with Research and Data o Accelerating corporate governance best practices, starting with new CEO leadership, board evolution and updated policies o Seeking leading talent for key roles, including CFO, CMO and CSO o Committed to investor communication transparency and disclosure o Cultivating the most advanced PLK1 inhibitor o Developing strategies to enable the most rapid path to approval o Focusing on opportunities to lead the “drugability” enablement of KRAS mutated cancers o PLK1 is at a unique nexus within the convergence of many tumor- promoting pathways o Leveraging deep expertise in translational biomarker integration within clinical programs o Focusing on pipeline expansion through synergistic combinations Fully Leverage Onvansertib in Combination with Targeted Therapeutics and Chemotherapies Across Multiple Cancer Indications Corporate Research Clinical Development

April 12, 2021 KOL Webinar I 36 Cardiff Oncology At-A-Glance Clinical-stage biotech company, developing onvansertib, an oral, highly-selective Polo-like Kinase 1 (PLK1) inhibitor, to treat cancers with the greatest medical need for new effective therapies Exchange Nasdaq: CRDF Cash & Cash Equivalents as of 12/31/20 $131.0M Net Cash used in Operating Activates FY 2020 $16.3M Headquarters San Diego, CA The above financial information is derived from audited financials in CRDF Form 10K filed on 02/25/21

April 12, 2021 KOL Webinar I 37 Timeline of Key Anticipated Catalysts for the Balance of 2021 June - July FDA EOP1b Meeting mCRC Regulatory Path June 1-4 Jeffries Healthcare Conference Sept 17-21 ESMO mCRC Phase 2 data May PDAC First Patient Enrolled Oct 28-30 Prostate Cancer Foundation (PCF) Scientific Retreat Scientific / Medical Conferences Regulatory or trial enrollment milestone April Institutional NDRApril 10-15 AACR: EAP Observations and mCRPC Biomarker Investor Conferences and IR Initiatives April 12 KOL Event on mCRC August 9-10 BTIG Biotechnology Conference September 25-27 Cantor Healthcare Conference November 16-18 Jefferies London Healthcare Conference Nov 30-Dec 2 Piper Sandler Healthcare Conference Nov 30-Dec 2 Evercore Healthcare Conference

April 12, 2021 KOL Webinar I 38 Phase 1b/2 Ongoing Trial: Patient Accrual and Anticipated Timing of Results • Increased the number of trial sites from 2 to 7 going into Phase 2 • Accrual and enrollment is ahead of expectations: – First patient enrolled in Phase 2 – February 2021 – 16 patients enrolled to-date (on treatment or in screening) – Anticipate efficacy data on ≥30 patients by ESMO Clinical Development

April 12, 2021 KOL Webinar I 39 Scenario 1: Trial Design Option for Regulatory Approval Pathway • Expand current Phase 2 trial [onvansertib + FOLFIRI/bevacizumab] from 29 to 87 evaluable patients to obtain accelerated (conditional) approval based on primary endpoints of ORR and DOR • Follow with a randomized trial [Arm 1: FOLFIRI/bevacizumab vs Arm 2: onvansertib + FOLFIRI/bev] to obtain full approval based on primary endpoints of PFS / OS FDA Fast Track Designation Provides Opportunity to Accelerate Clinical Development Single Arm Trial for Second Line Treatment of KRAS- Mutated mCRC Treatment Arm Onvansertib + FOLFIRI/bevacizumab Primary Endpoints 1. Objective Response Rate (ORR) 2. Duration of Response (DOR)

April 12, 2021 KOL Webinar I 40 Scenario 2: Trial Design Option for Regulatory Approval Pathway Primary Endpoints 1. Progression-Free Survival (PFS) 2. Overall Survival (OS) Randomized Trial for Second Line Treatment of KRAS- Mutated mCRC Treatment Arm Onvansertib + FOLFIRI/bevacizumab Comparative Arm Standard-of-care Arm FOLFIRI/bevacizumab FDA Fast Track Designation Provides Opportunity to Accelerate Clinical Development • Conduct a randomized trial [Arm 1: FOLFIRI/bevacizumab vs Arm 2: onvansertib + FOLFIRI/bev] to obtain accelerated approval with primary endpoint of PFS • Follow with continuation/completion of randomized trial to obtain full approval based on primary endpoint of OS

Metastatic Castration-Resistant Prostate Cancer Phase 2 open-label trial of onvansertib + abiraterone Trial Sites: Beth Israel Deaconess, Dana Farber, Mass General Hospital Principal Investigator: Dr. David Einstein

April 12, 2021 KOL Webinar I 1Antonarakis, Emmannel – Current Understanding of Resistance to Abiraterone and Enzalutamide in Advanced Prostate Cancer; Clinical Advances in Hematology & Oncology – May 2016 – Volume 14, Issue 5; 2Armstrong et al., 2019, JCO 37: 1120-1129; SOC: Standard-of-care; mCRPC: Metastatic castration resistant prostate cancer New Therapeutic Options are Needed to Overcome Resistance to SOC Androgen Receptor Signaling Inhibitors (ARSi) Resistance develops to treatment with standard of care ARSi’s within 9-15 months1 ARSi’s offer a median overall survival (mOS) benefit of only ~4 months1 No effective treatment options are available for the up to 40% of mCRPC patients with an AR-V7 mutation2 Limited options for patients once resistant to abiraterone New treatment options are needed to extend the duration of response to ARSi’s and increase overall survival 9-15 Months until ARSi resistance ~4 Month mOS benefit

April 12, 2021 KOL Webinar I Phase 2 Trial Design, Objectives and Enrollment (NCT03414034) Key Eligibility Criteria: • Initial signs of abiraterone resistance defined as 2 rising PSAs; one rise of ≥0.3 ng/mL separated by one week Key Exclusion Criteria: • Prior treatment with either enzalutamide or apalutamide • Rapidly progressing disease or significant symptoms related to disease progression Enrollment as of January 11th, 2021 Number of patients (N) Arm A (5+16) Arm B (5+9) Arm C (14+7) Treated 24 17 10 Completing 12-weeks 14 8 6 Currently on Treatment 0 4 7 Treatment Schedules for Each Study Arm Efficacy Endpoints • Primary: Disease control evaluated as PSA decline or stabilization (PSA rise <25% over baseline) after 12 weeks of treatment • Secondary: Radiographic response per RECIST v1.1 criteria, time to PSA progression, and time to radiographic response (21-day cycle) + Abi 6 - 212 3 4 51 Onvansertib 24 mg/m2 Arm A (n=24) 5+16 (14-day cycle) + Abi 6 - 142 3 4 51 Onvansertib 18 mg/m2 Arm B (n=32) 5+9 (21-day cycle) + Abi 2 3 4 51 Onvansertib 12 mg/m2 Arm C (n=32) 6 7 8 9 10 11 12 13 14 15-21 14+7 Correlative Studies • Analysis of circulating tumor cells (CTC), archival tissue, and circulating tumor DNA (ctDNA) to identify response biomarkers

April 12, 2021 KOL Webinar I • Nineteen (53%) patients had at least 1 AR alteration associated with abiraterone-resistance (AR-V7 expression, AR mutation T878A and/or amplification of AR)1: – 5 (26%) patients had disease control at 12 weeks – 8 (42%) patients had radiographic stable disease at 12 weeks 1Watson et al., Nat Rev Cancer, 15(12):701-711, 2015 Efficacy Assessment * Completed at least 12 weeks of treatment or had radiographic/clinical progression within 12 weeks ** Defined as PSA stabilization or decline (PSA rise <25% over baseline) 0 10 0 20 0 30 0 40 0 50 0 60 0 03-022 02-011 02-018 02-020 03-028 01-019 03-009 03-023 02-007 03-004 02-003 03-013 02-036 01-021 03-037 03-017 01-014 02-034 03-052 02-047 02-049 02-042 01-033 03-039 02-041 01-024 03-030 01-026 01-025 02-051 01-059 03-053 02-055 02-046 02-045 01-044 03-043 → → → → → Days of treatment Progressive disease Stable disease Partial response Radiographic assessment AR-V7+ AR T878A AR alterations Transitioned to Arm B 3 m on ths 6 m on ths 9 m on ths 1 y ea r A rm B (5 +9 ) A rm A (5 +1 6) 1.5 ye ar Physcian decision Patient decision Adverse event* Reason for discontinuation other than PD AR Amplification Met PSA efficacy endpoint A rm C (1 4+ 7) Ongoing→ Arm A (5+16) Arm B (5+9) Arm C (14+7) Evaluable for efficacy* 17 12 8 Completed at least 12 weeks of treatment 14 8 6 Had radiographic or clinical progression within 12 weeks 3 4 2 Disease control at 12 weeks** 5 (29%) 3 (25%) 5 (63%) Radiographic stable disease at 12 weeks 9 (53%) 5 (42%) 6 (75%) Durable response (≥6 months) 5 (29%) 5 (42%) 3 (37%) Treatment Response and Duration

April 12, 2021 KOL Webinar I Identifying an Onvansertib-Abiraterone Response Gene Signature 45 Onvansertib/Abiraterone Abiraterone induces expression of mitotic genes in prostate cancer cells synergistic for Onv+Abi • Synergy study • RNA-sequencing Transcriptome analysis of 32,000 prostate cancer specimens Identified 4 molecular subtypes: • Luminal A • Luminal Proliferating • Basal • Basal Immune Analyzing archived tissue from patients enrolled in the trial Transcriptome analysis with Decipher Biosciences Identification of an Abi/Onv synergy gene signature Abi/Onv synergy gene signature is enriched in the Basal subtype, a subtype representing ~30% of CRPC patients and associated with lower response to androgen deprivation therapy (ADT) Correlate clinical response with Basal molecular subtype

Metastatic Pancreatic Ductal Adenocarcinoma Phase 2 open-label trial of onvansertib + nanoliposomal irinotecan + 5-FU

April 12, 2021 KOL Webinar I 47 New Second-Line Therapies are Needed for Metastatic Pancreatic Ductal Adenocarcinoma (PDAC) Patients Second-line treatment with SOC irinotecan + 5-FU/leucovorin offers a mOS benefit of only 6.1 months2 • Mutant KRAS contributes to treatment resistance and metastases and is essential for PDAC growth3 Second-line treatment with SOC irinotecan + 5-FU/leucovorin has a response rate of only 7.7%1 Response to SOC 7.7% 3.1 Months PFS • The promising response rates and impressive durability seen in KRAS-mutated mCRC with the combination of onvansertib + irinotecan + 5-FU, support onvansertib’s potential in PDAC, where ~95% of patients have a KRAS mutation • Leveraging the synergy between onvansertib and irinotecan + 5-FU 1Onyvide Package Insert: https://www.accessdata.fda.gov/drugsatfda_docs/label/2015/207793lbl.pdf; 2Wang-Gillam A, Li C-P, Bodoky G, et al. Lancet 2016;387:545-57. 3Waters AM, Der CJ. Cold Spring Harb Perspect Med 2018;8(9). SOC: Standard-of-care; PFS: Progression free survival

April 12, 2021 KOL Webinar I Trial Design (~45 patients): Phase 2 Open Label Trial of Onvansertib + Nanoliposomal Irinotecan + 5-FU in Metastatic PDAC Eligibility Criteria • Prior abraxane/gemcitabine and no prior irinotecan, nanoliposomal irinotecan or investigational PLK1 inhibitor Primary Efficacy Endpoint • Overall response rate (ORR) 1 CYCLE = 14 Days Treatment Course (Days) 5-FU + Nanoliposomal Irinotecan (nal-IRI) • 8 of 39 (≥20%) patients achieve ORR Clinically Meaningful Outcome 3 5 7 9 11 - 141 8642 10 Onvansertib 12 mg/m2 Onvansertib to be administered on Days 1-10 (12 mg/m2) based on safety lead-in of 6 patients (with option to dose 15 mg/m2 on Days 1-5) 48

Leading with Research and Data

April 12, 2021 KOL Webinar I 50 Identifying Novel Effective Combinations of Onvansertib in CRC • PDX models from CRC patient biopsies with clinical and molecular features available “Preclinical trial” PDX models Oxaliplatin + 5FU KRAS MUTANT TUMORS KRAS WILD TYPE TUMORS Proposed Combinations SHP2 inhibitor G12C inhibitor G12C mutant Irinotecan and TAS-102 Irinotecan- resistant tumors EGFR inhibitor Research

April 12, 2021 KOL Webinar I 51 Combining Onvansertib and PARP Inhibitors PARP Inhibitors • PARP inhibitors are approved for BRCA1/2 mutant ovarian, breast, prostate and pancreatic cancer patients • Although initial response to PARP inhibitors is high, patients will eventually develop resistance • Mechanisms of resistance to PARP inhibitors include restoration of homologous recombination (HR) PLK1 Facilitates HR during Double Strand DNA Break (DSB) Repair • PLK1 phosphorylates Rad51 and BRCA1, facilitating their recruitment to DSB sites and thereby HR-mediated DNA repair1,2 1Yata et al. Mol. Cell 45, 371-383, 2012; 2Chabalier-Taste et al., Oncotarget 2016 Jan 19; 7(3): 2269-83 PARP is essential for repair of single strand DNA breaks (SSBs). Failure to repair SSBs through PARP inhibition results in double strand DNA breaks (DSBs). In cells with functional homologous recombination (HR) pathway, the DSB are repaired. In cells with a dysfunctional HR pathway, such as BRCA 1/2 mutant cells, the lesions cannot be adequately repaired resulting in cell death. Resistance to PARPi: restoration of HR Tumor cell with functional HR pathway Cell survival HR-mediated DNA repair Onvansertib Cell death HR-mediated DNA repair PLK1 Tumor cell with functional HR pathway Resensitizing cells to PARPi through PLK1 inhibition Research

April 12, 2021 KOL Webinar I 52 PLK1 Inhibition Sensitizes Cancer Cells to PARP Inhibitors 1Yata et al. Mol. Cell 45, 371-383, 2012; 2Chabalier-Taste et al., Oncotarget 2016 Jan 19; 7(3): 2269-83; 3Data on file • In vitro preclinical studies showed that PLK1 inhibition sensitized cells to genotoxic stresses (i.e, radiation) and to PARP inhibitors through impairment of HR1,2 • Onvansertib sensitizes tumor cells to PARP inhibition in vivo: – In an ovarian BRCA1-mutant PDX model resistant to olaparib, the combination of onvansertib and the PARP inhibitor olaparib significantly increased the survival of mice (2.7-fold vs control or olaparib single agent)3 • Onvansertib has the potential to sensitize tumors resistant to PARP inhibitors and thereby expand the use of PARP inhibitors in the clinic Median survival (days) Fold-increase in survival vs control 19 19 0 23 1.2 52 2.7 Ovarian BRCA1-mutant PARP- Resistant PDX model 0 20 40 60 80 0 50 100 Days after tumor implant P er ce n t su rv iv al Control Olaparib Onvansertib Combo Research

2020 Corporation Presentation I 53 Thank You

Document

Cardiff Oncology Presents Findings from its Expanded Access Program Highlighting the Clinical Benefit of Onvansertib in Heavily Pretreated Patients with Metastatic KRAS-Mutated mCRC

•Evaluable participants (n=20) are heavily pretreated (median of 3 prior lines of treatment); an increase in progression-free survival is a desired outcome

•Median progression free survival (mPFS) is 5.6 months as of AACR cutoff date, which is significantly greater than historical controls of 2-3 months1; 11 of 20 participants remain on treatment

•62.5% of participants had a greater than 50% decrease in KRAS MAF after one cycle of treatment and continue to show a durable response and haven’t reached the mPFS

•Participant featured in case report received 3 prior lines of treatment, including prior FOLFIRI/bevacizumab and had progressive disease at time of enrollment in the EAP

◦8-week CT scan showed decrease in size of numerous lung metastases; many appearing necrotic; further decrease in size of lung metastases observed on 16-week CT scan with many continuing to appear necrotic

◦Decreases in tumor lesions were accompanied by a decrease in KRAS mutant allelic frequency (MAF) to undetectable

•Onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no serious adverse events (SAEs) reported as of the AACR cutoff date

SAN DIEGO (April 10, 2021) – Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company developing onvansertib to treat cancers with the greatest medical need for new treatment options, including KRAS-mutated colorectal cancer, pancreatic cancer, and castrate-resistant prostate cancer, today announced observations from its Expanded Access Program (EAP) of onvansertib in KRAS-mutated metastatic colorectal cancer (mCRC), featured in a virtual oral poster presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021.

Cardiff Oncology’s EAP has enrolled participants who failed or progressed on multiple lines of standard-of-care treatment and uses the same combination regimen (onvansertib 15 mg/m2 + FOLFIRI/bevacizumab) and dosing schedule as the Company’s ongoing Phase 1b/2 mCRC clinical trial. The median progression free survival (mPFS) of evaluable participants in the EAP is 5.6 months to-date, which represents an increase over the 2-3 months mPFS of historical controls1. 62.5% of participants had a greater than 50% decrease in KRAS MAF after one cycle of treatment and continue to show a durable response, having not yet reached the mPFS. Onvansertib has been well tolerated with no serious adverse events (SAEs) reported as of the AACR cutoff date.

“The mPFS observed thus far is significantly better than what is expected and shows promise for improving overall prognosis in this patient population,” said Dr. Manish R. Sharma, associate director of clinical research at START Midwest. “The Expanded Access Program has provided access to onvansertib for mCRC patients who are heavily pretreated and thus do not meet the stringent second line eligibility criteria for enrollment in Cardiff Oncology’s ongoing Phase 2 clinical trial.”


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Dr. Mark Erlander, chief executive officer of Cardiff Oncology added, “We are very pleased to provide access to onvansertib for mCRC patients with the greatest need for a new treatment option. It’s particularly gratifying to see many EAP participants benefit clinically from the addition of onvansertib to standard-of-care and improve from having progressive to stable disease or better.”

Highlights from the AACR presentation include:

Baseline Characteristics of Evaluable Patients (n = 20):

•Evaluable participants received a median of 3 prior lines of therapy (range: 1-6)

•15 of 20 (75%) evaluable participants received an irinotecan-based regimen as their last therapy prior to enrolling in the EAP

•13 of 20 (65%) evaluable participants were progressing prior to enrolling in the EAP

Clinical Benefit:

•Evaluable participants had a mPFS of 5.6 months (95% confidence interval: 2.7 months – median PFS not reached)

•11 of 20 of participants evaluable for clinical benefit remain on treatment as of the AACR cutoff date

Biomarker:

•16 of 20 (80%) evaluable participants had a KRAS variant detected by droplet digital PCR (ddPCR) before beginning onvansertib treatment in the EAP

•Participants with a greater than 50% decrease in KRAS MAF (n=10) after one treatment cycle had a significant increase in PFS (mPFS not reached) compared to participants who had a decrease in KRAS MAF of less than 50% (n = 6; mPFS of 2.6 months)

Tolerability:

•Onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no SAEs reported in participants as of the AACR cutoff date

The virtual poster, “Expanded access program of the PLK1 inhibitor onvansertib for treatment of patients with KRAS-mutant metastatic colorectal cancer” is available for on-demand viewing on the AACR Annual Meeting 2021 e-poster website and is also posted on the "Scientific Presentations" section of the Cardiff Oncology website at https://cardiffoncology.com/scientific-presentations/.

References

1.Bekaii-Saab et al., Clin. Colorectal Cancer, 2019

About the EAP for Onvansertib in KRAS-mutated mCRC


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Sometimes called "compassionate use", expanded access is a potential pathway for a patient with a serious or life-threatening disease to gain access to an investigational drug for treatment outside of a clinical trial, particularly when no comparable or satisfactory alternative therapy options are available. The Cardiff Oncology EAP in KRAS-mutated mCRC is using the same combination treatment regimen (onvansertib 15 mg/m2 + FOLFIRI and bevacizumab) and dosing schedule as the ongoing Phase 1b/2 clinical trial and is intended for patients that have progressed on prior therapy and do not meet the second line eligibility criteria for enrollment in the clinical trial. The program has reached capacity and is no longer open to enrollment.

About Cardiff Oncology, Inc.

Cardiff Oncology is a clinical-stage biotechnology company with the singular mission of developing new treatment options for cancer patients in indications with the greatest medical need. Our goal is to overcome resistance, improve response to treatment and increase overall survival. We are developing onvansertib, a first-in-class, third-generation Polo-like Kinase 1 (PLK1) inhibitor, in combination with standard-of-care chemotherapy and targeted therapeutics. Our clinical development programs incorporate tumor genomics and biomarker technology to enable assessment of patient response to treatment. We have three clinical programs currently in process: a Phase 1b/2 study of onvansertib in combination with FOLFIRI/Avastin® (bevacizumab) in KRAS-mutated metastatic colorectal cancer (mCRC); a Phase 2 study of onvansertib in combination with Zytiga® (abiraterone)/prednisone in metastatic castration-resistant prostate cancer (mCRPC); and a Phase 2 study of onvansertib in combination with decitabine in relapsed or refractory acute myeloid leukemia (AML). A new Phase 2 trial of onvansertib in combination with nanoliposomal irinotecan, leucovorin and fluorouracil for the second-line treatment of patients with metastatic pancreatic ductal adenocarcinoma (PDAC) is planned for initiation in the first half of 2021. For more information, please visit https://www.cardiffoncology.com.

Forward-Looking Statements


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the success of those products; regulatory, financial and business risks related to our international expansion and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that any of our technology or products will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that any precision medicine therapeutics will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology's Form 10-K for the year ended December 31, 2020, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.

Cardiff Oncology Contact:

Vicki Kelemen

Chief Operating Officer

858-952-7652

vkelemen@cardiffoncology.com

Investor Contact:

Joyce Allaire

LifeSci Advisors

212-915-2569

jallaire@lifesciadvisors.com

Media Contact:

Katelyn Caruso-Sharpe

LifeSci Communications

518-496-6302

kcaruso-sharpe@lifescicomms.com


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Document

Cardiff Oncology in Collaboration with MIT Presents Gene Signature Analyses Data Identifying Androgen-Independent Mechanism for Onvansertib-Abiraterone Synergy in mCRPC

•Onvansertib and the androgen receptor (AR) signaling inhibitor abiraterone synergize in an AR-independent manner in in-vitro and in-vivo metastatic castrate-resistant prostate cancer (mCRPC) models

•AR-independent effects of abiraterone include the upregulation of a mitosis-related gene signature and disruption of mitotic spindle orientation, rendering cancer cells more susceptible to onvansertib induced cell death

•Ongoing analyses of archived tissue from patients enrolled in the ongoing Phase 2 mCRPC trial aims to determine if the identified gene signature is predictive of patient response to onvansertib-abiraterone combination therapy

•The identified gene signature could support a precision medicine approach to treatment by enabling the identification of patients most likely to benefit from the combination

SAN DIEGO (April 10, 2021) – Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company developing onvansertib to treat cancers with the greatest medical need for new treatment options, including KRAS-mutated colorectal cancer, pancreatic cancer and castrate-resistant prostate cancer, in collaboration with scientists in the Center for Precision Cancer Medicine at the Massachusetts Institute of Technology (MIT), today announced that new gene signature and mechanistic analyses related to its ongoing Phase 2 trial of onvansertib in metastatic castrate-resistant prostate cancer (mCRPC) were featured in a virtual oral poster presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021.

Analyses presented in the poster suggest that the androgen receptor signaling inhibitor (ARSi) abiraterone sensitizes certain prostate cancer cells to onvansertib by upregulating a set of mitosis related genes and disrupting mitotic spindle orientation. These results are consistent with previous findings showing that onvansertib and abiraterone synergize in an androgen receptor (AR)-independent manner in-vitro and in-vivo.

“The latest results from our collaborative studies with Cardiff Oncology provide important insight into the mechanisms of synergy between onvansertib and abiraterone in mCRPC,” said Michael B. Yaffe, M.D., Ph.D., David H. Koch Professor of Science and Professor of Biology and Biological Engineering at the Massachusetts Institute of Technology. “Data showing a cellular mechanism for how these two compounds synergize in an AR-independent manner provide a strong scientific rationale for Cardiff Oncology’s ongoing Phase 2 trial and explain how the addition of onvansertib can improve clinical outcomes in patients showing initial abiraterone resistance. We have also identified a set of genes that appear to drive this mechanism of onvansertib-abiraterone synergy as well as predict patient response and archived clinical trial tissue from patients enrolled in the ongoing trial are being analyzed to confirm this hypothesis.”

Mark Erlander, Ph.D., chief executive officer of Cardiff Oncology added, “The identification of a gene signature that appears to predict patient response to onvansertib-abiraterone combination therapy is encouraging, as is the finding that this signature is enriched in mCRPC patients with the known molecular basal tumor subtype. We look forward to continuing to work with our collaborators at MIT and Decipher Biosciences to validate this gene set as a


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predictive response biomarker. Validation of such a biomarker would be significant, as it would allow us to take a precision medicine approach to future trials by enabling the identification of patients most likely to benefit from therapy with onvansertib.”

Highlights from the AACR presentation include:

•Inhibition of polo-like kinase 1 (PLK1) sensitizes CRPC cells to abiraterone, but not the ARSi enzalutamide, indicating that abiraterone and PLK1 inhibitors synergize in an AR-independent manner.

•In vitro experiments and RNA sequencing analyses indicate that abiraterone’s AR-independent effects include the disruption of mitotic spindle orientation and the induction of a mitosis related gene signature.

•Data suggest that the identified mitosis related gene signature may be predictive of patient response to onvansertib-abiraterone combination therapy, a hypothesis that is being further assessed in an ongoing Phase 2 trial evaluating the all-oral regimen of onvansertib, abiraterone and prednisone in mCRPC patients.

•The identified mitosis related gene signature was found to be significantly enriched in the basal molecular subtype of prostate cancer.

The virtual poster, “The selective polo-like kinase (Plk1) inhibitor onvansertib and the antiandrogen abiraterone synergistically kill cancer cells through disruption of mitosis independently of androgen receptor signaling” by Patterson et al, is available for on-demand viewing on the AACR Annual Meeting 2021 e-poster website and is also posted on the "Scientific Presentations" section of the Cardiff Oncology website at https://cardiffoncology.com/scientific-presentations/.

About the Phase 2 Trial of Onvansertib in Metastatic Castrate-Resistant Prostate Cancer

This trial is a Phase 2 open-label study of onvansertib in combination with abiraterone and prednisone, all administered orally, in patients with metastatic castration-resistant prostate cancer showing signs of early progressive disease (demonstrated by two rising prostate-specific antigen values separated by at least one week with no or minimal symptoms) while on Zytiga®/prednisone therapy. The primary efficacy endpoint is the proportion of patients achieving disease control after 12 weeks of study treatment, as defined by a lack of prostate-specific antigen (PSA), radiographic, or symptomatic progression. The trial is being conducted by Beth Israel Deaconess Medical Center (BIDMC), Dana-Farber Cancer Institute (DFCI), and Massachusetts General Hospital Cancer Center (MGH). David Einstein, M.D., Genitourinary Oncology Program at BIDMC, is the principal investigator for the trial. For more information on the trial, please visit https://www.clinicaltrials.gov/ct2/show/NCT03414034.

About Cardiff Oncology, Inc.


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(PLK1) inhibitor, in combination with standard-of-care chemotherapy and targeted therapeutics. Our clinical development programs incorporate tumor genomics and biomarker technology to enable assessment of patient response to treatment. We have three clinical programs currently in process: a Phase 1b/2 study of onvansertib in combination with FOLFIRI/Avastin® (bevacizumab) in KRAS-mutated metastatic colorectal cancer (mCRC); a Phase 2 study of onvansertib in combination with Zytiga® (abiraterone)/prednisone in metastatic castration-resistant prostate cancer (mCRPC); and a Phase 2 study of onvansertib in combination with decitabine in relapsed or refractory acute myeloid leukemia (AML). A new Phase 2 trial of onvansertib in combination with nanoliposomal irinotecan, leucovorin and fluorouracil for the second-line treatment of patients with metastatic pancreatic ductal adenocarcinoma (PDAC) is planned for initiation in the first half of 2021. For more information, please visit https://www.cardiffoncology.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern Cardiff Oncology's expectations, strategy, plans or intentions. These forward-looking statements are based on Cardiff Oncology's current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidates; risks related to business interruptions, including the outbreak of COVID-19 coronavirus, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; our ability to develop tests, kits and systems and the success of those products; regulatory, financial and business risks related to our international expansion and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that any of our technology or products will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that any precision medicine therapeutics will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology's Form 10-K for the year ended December 31, 2020, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.


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Cardiff Oncology Contact:

Vicki Kelemen

Chief Operating Officer

858-952-7652

vkelemen@cardiffoncology.com

Investor Contact:

Joyce Allaire

LifeSci Advisors

212-915-2569

jallaire@lifesciadvisors.com

Media Contact:

Katelyn Caruso-Sharpe

LifeSci Communications

518-496-6302

kcaruso-sharpe@lifescicomms.com


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Document

Cardiff Oncology Announces Onvansertib Phase 1b/2 Data that Continues to Demonstrate Robust Response to Treatment and Progression-Free Survival in KRAS-Mutated mCRC

•7 of 18 (39%) evaluable patients in the Phase 1b/2 trial have achieved a partial response to-date

•Evaluable patients have a median progression free survival (mPFS) of 9.4 months, more than double the historical 4.5-month mPFS from analysis of 23 randomized trials in second-line metastatic colorectal cancer (data from ~10,800 patients)1

•Decreases in KRAS mutant allelic frequency after the first cycle of treatment continues to be predictive of subsequent tumor shrinkage

•Onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no major or unexpected toxicities attributed to onvansertib

SAN DIEGO (April 12, 2021) – Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company developing onvansertib to treat cancers with the greatest medical need for new treatment options, including KRAS-mutated colorectal cancer, pancreatic cancer and castrate-resistant prostate cancer, today announced data from its ongoing Phase 1b/2 trial that demonstrate the continued robust patient response to treatment with onvansertib and progression-free survival when combined with standard-of-care therapy in second line KRAS-mutated metastatic colorectal cancer (mCRC).

Patients enrolled in the ongoing Phase 1b/2 trial receive onvansertib in combination with standard-of-care FOLFIRI and Avastin® (bevacizumab). The overall response rate (ORR) in the trial is 39% to-date, and onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no major or unexpected toxicities attributed to onvansertib. The median progression free survival (mPFS) of evaluable patients is 9.4 months. This represents an increase over the mPFS observed in a systematic literature-based analysis of second line mCRC clinical trial data from 23 randomized trials including a total of ~10,800 patients (mPFS of 4.5 months)1 and the 5.7-month mPFS observed in the pivotal trial that supported the regulatory approval of FOLFIRI plus bevacizumab in second line mCRC2.

“As we have continued to collect data from this ongoing trial, we have consistently seen an impressive and durable response to treatment, and a favorable safety and tolerability profile,” said Daniel H. Ahn, D.O., lead investigator and medical oncologist, Mayo Clinic Cancer Center, Arizona. “Notably, the ORR and mPFS observed in the trial compare very favorably to what has been seen historically in second line mCRC patients. These promising results highlight the potential of onvansertib to address the unmet needs in mCRC, and I look forward to discussing them in detail during Cardiff Oncology’s upcoming key opinion leader webinar.”

Mark Erlander, Ph.D., chief executive officer of Cardiff Oncology added, “We are very pleased with the results to-date from our Phase 1b/2 mCRC trial. In addition to continuing to show a consistent and robust response rate, we have also reported intriguing biomarker analyses highlighting the potential of plasma KRAS mutant allelic frequency as a tool to predict patient


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response to onvansertib. We look forward to providing results from the Phase 2 trial later this year.”

Highlights from the updated data announcement include:

Efficacy:

•7 of 18 (39%) evaluable patients achieved a partial response (PR); 4 patients had a confirmed PR with 1 patient going on to curative surgery; 1 patient with a non-confirmed PR went off study following PR prior to confirmatory scan due to a treatment-unrelated adverse event; 2 patients with non-confirmed PRs await results from confirmatory scans

•Evaluable patients have a mPFS of 9.4 months (95% confidence interval: 7.85 months – not reached)

•7 patients remain on treatment to-date

Biomarker:

•Clinical responses were observed across different KRAS mutations, including the 3 most common in colorectal cancer (G12D, G12V, G13D)

•The greatest decreases in plasma KRAS mutant allelic frequency (MAF) after 1 cycle of treatment were observed in patients achieving a PR

•All 7 patients with a PR had a >75% decrease in KRAS MAF after one cycle of treatment

Safety/Tolerability

•Onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no major or unexpected toxicities attributed to onvansertib

Key Opinion Leader Webinar

The updated Phase 1b/2 mCRC trial data will be presented during a key opinion leader (KOL) webinar taking place today, April 12, 2021 at 11:00 a.m. ET. The webinar will feature KOLs Dr. Ahn (Mayo Clinic Arizona), and Dr. Sharma (START Midwest), who will also discuss the current treatment landscape and unmet medical need in KRAS-mutated mCRC and observations from the EAP evaluating onvansertib in combination with FOLFIRI/Avastin® in KRAS-mutated mCRC.

During the webinar, Dr. Erlander will also present a corporate update and outlook for the year. Dr. Erlander and Drs. Sharma and Ahn will be available to answer questions following the conclusion of the formal presentations.

To register for the webinar, please click here.

References

1.Giessen et al, Acta Oncologica, 2015; 54:187-193

2.Bennouna et al., Lancet Oncol. 2013; 14(1):29-37


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About the Phase 1b/2 Trial of Onvansertib in KRAS-mutated mCRC

This is a multi-center, open-label Phase 1b/2 trial of onvansertib in combination with standard-of-care FOLFIRI and Avastin® (bevacizumab) to evaluate the safety and preliminary efficacy of the combination regimen in the second-line treatment of patients with KRAS-mutated mCRC. The trial, A Phase 1b/2 Study of Onvansertib (PCM-075) in Combination with FOLFIRI and Bevacizumab for Second–Line Treatment of Metastatic Colorectal Cancer in Patients with a KRAS Mutation, will enroll up to 44 patients with a KRAS mutation and histologically confirmed metastatic and unresectable disease. In addition, eligible patients must have failed treatment with, or be intolerant to, FOLFOX (fluoropyrimidine and oxaliplatin) with or without bevacizumab. The trial is being conducted at six cancer centers across the U.S.: USC Norris Comprehensive Cancer Center, The Mayo Clinic (Arizona, Rochester and Jacksonville), Kansas University Medical Center (KUMC), CARTI Cancer Center and Inova Schar Cancer Institute. For more information on the trial, please visit https://clinicaltrials.gov/ct2/show/NCT03829410.

About Cardiff Oncology, Inc.

Forward Looking Statements


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future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidates; risks related to business interruptions, including the outbreak of COVID-19 coronavirus, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; our ability to develop tests, kits and systems and the success of those products; regulatory, financial and business risks related to our international expansion and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that any of our technology or products will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that any precision medicine therapeutics will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology's Form 10-K for the year ended December 31, 2020, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.

Cardiff Oncology Contact:

Vicki Kelemen

Chief Operating Officer

858-952-7652

vkelemen@cardiffoncology.com

Investor Contact:

Joyce Allaire

LifeSci Advisors

212-915-2569

jallaire@lifesciadvisors.com

Media Contact:

Katelyn Caruso-Sharpe

LifeSci Communications

518-496-6302

kcaruso-sharpe@lifescicomms.com


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