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Autopsies underway for Canadian billionaires found dead

17 December 2017

Autopsies are being performed on Saturday on two bodies found dead in a North York home that belonged to billionaire Barry Sherman and his wife Honey, police say.

Barry Sherman founded Toronto-based Apotex Inc.in 1974 with two employees and gradually turned it into the largest Canadian-owned pharmaceutical company.

'The circumstances of their death appear suspicious and we are treating it that way, ' said Constable David Hopkinson.

Mr. Sherman, 75, founded the privately held Apotex in 1974, growing it by introducing large numbers of low-priced generic drugs that took market share from brand pharmaceuticals. He was ranked recently by Forbes as Canada's 12th-richest person with a net worth of about $3 billion.

"We will be getting a lot more answers tomorrow (Saturday) following the post-mortem examinations". "They will then determine the course of their investigation and only then will they issue a statement", Hopkinson said in an email.

The Shermans' sudden death brought swift condolences from the highest rungs of Canadian society and government, including from the organizations they had spent years supporting and from Prime Minister Justin Trudeau. For more than a decade, Barry Sherman had been involved in an acrimonious legal battle with three cousins and the widow of a fourth - sons of the uncle who instructed him in the generic-drug business that preceded Apotex.

"Wonderful human beings, incredible philanthropists, great leaders in health care", he wrote. Those include manufacturing and research facilities concentrated in the Toronto area as well as in Winnipeg.


Lawsuits from family members, alleging they were cut out of their share of the company back in 1967, had dogged Mr Sherman for decades.

"I am gutted by the loss of Honey and Barry Sherman". She also served on the boards of Mount Sinai's Women's Auxiliary, the Simon Wiesenthal Center and the International American Joint Distribution Committee.

The mayor of Toronto John Tory through a prepared statement said he was heartbroken and shocked when he learned of the couple's death, noting the couple had made many contributions to the city.

The Shermans were among Canada's most generous philanthropists and also organized funding of charitable causes through the Apotex Foundation. The couple had made numerous multimillion dollar donations to hospitals, schools, and charities.

Sherman was born in Toronto, Canada in 1942 and was the youngest to ever enter into the University of Toronto's Engineering Science program at age 16. Neighbours confirmed that the property was the couple's home.

Canadian media said the Shermans had recently put their home up for sale with a price of around Can$7 million.

Autopsies underway for Canadian billionaires found dead