Heat oven to 425°F. Spray 13x9-inch (3-quart) glass baking dish with cooking spray.
Separate each can of dough into 10 biscuits; flatten each biscuit into thin round. Place 1 piece of cheese on center of each round. Fold edges up and over cheese; pinch to seal. Place biscuits, seam sides down, in baking dish.
In small bowl, beat egg and water. Lightly brush tops of biscuits with egg mixture. Sprinkle with basil.
Bake 15 to 20 minutes or until golden brown.
In small microwavable bowl, microwave marinara sauce on High about 1 minute or until warmed. Serve warm biscuits with marinara sauce for dipping.