Police investigate 'suspicious' deaths of Canadian billionaire Barry Sherman and wife

Henrietta Strickland
December 18, 2017

Apotex, according to Sherman's biography in the Globe and Mail, "revolutionized the pharmaceutical industry in Canada".

Authorities will conduct post-mortem examinations on Saturday and are treating the deaths as suspicious, a Toronto Police spokesman said.

Eric Hoskins, health minister of Ontario province, described the couple as "incredible philanthropists" and said he was "beyond words right now".

Autopsies were under way Saturday on the bodies of Apotex Inc. founder and Chairman Barry Sherman and his wife, Honey, after they were found dead Friday in a wealthy Toronto enclave.

Along the way he amassed a vast fortune, which Canadian Business magazine estimated at $4.77 billion Canadian (US$3.65 billion) to make him the 15 richest Canadians.

"Despite the increasingly global scope of Apotex, Dr. Sherman remained committed to Apotex's Canadian roots with more than 6000 employees and 21 facilities across the country", the statement read.

The house in an upscale neighborhood of Toronto has police tape on it and a for sale sign on the lawn.

Sherman has also been an active philanthropist and had also become an active fundraiser for Prime Minister Justin Trudeau's Liberal party in recent years.

The mansion was reportedly in the process of being sold and it was a real estate agent who first found the bodies when the Shermans missed an appointment with her.

The 75-year-old pharmaceutical magnate and his wife, Honey, 70, were found dead in their north Toronto mansion on Friday.

The Shermans' 12,440-square-foot home had recently been placed on the market for nearly C$7 million ($5.4 million).

"If this is determined to be a homicide, all the information identifying who we found and circumstances may be released", Hopkinson said, adding that the family deserved privacy in the event that the deaths turned out to be an accident.

But Sherman's gains came at the expense of larger pharmaceutical companies.

Sherman has also been an active philanthropist, including donating $50 million to the United Jewish Appeal.

Honey Sherman sat on the boards of several hospital, charitable and Jewish foundations, and last month was awarded a Senate medal for community service.

Many other Canadian officials, including Toronto Mayor John Tory, shared similar thoughts in the wake of the tragic news.

Filling more than 89 million prescriptions in a year, the privately held company says its worldwide sales exceed $2 billion a year.

Other reports by Click Lancashire

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