Published: Sat, December 16, 2017
Business | By Max Garcia

Canadian pharmaceuticals billionaire and wife found dead in Toronto mansion

Canadian pharmaceuticals billionaire and wife found dead in Toronto mansion

Bernard Sherman, one of Canadas most prominent billionaires and community philanthropists, was found dead alongside his wife inside their mansion in Toronto, the media reported.

Hopkinson said police, fire units and ambulance responded to a "medical complaint" just before noon on Friday.

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

Mr Sherman founded Apotex Inc in 1974 and the firm says it is now the seventh biggest drug maker in the world.

Canadian Business magazine recently listed Barry Sherman as the 15th richest person in Canada, with a net worth of $4.77 billion.

Police said later Friday evening that they are not now seeking any suspects but are keeping an open mind on all possibilities. Apotex went on to become the largest Canadian-owned pharmaceutical company.

Despite the police withholding the identities of the bodies, many friends of the couple and a number of officials confirmed the news of their death.

Ontario's health minister, Eric Hoskins, described the couple in a tweet as "wonderful human beings, incredible philanthropists, great leaders in healthcare".

Canadian President Justin Trudeau tweeted: "Sophie and I are saddened by news of the sudden passing of Barry and Honey Sherman".

Apotex sells 260 generic drugs in more than 115 countries, raking in annual global revenue of $1.5 billion.

Honey, who also graduated from the University of Toronto, was a member of the board of the Baycrest Foundation and the York University Foundation.

In a brief statement released Friday afternoon, Apotex called news of the deaths "tragic" and said "Barry and Honey Sherman have unexpectedly passed away". They also donated roughly $50 million to the United Jewish Appeal.

"Their visible leadership on our hospital and foundation board of directors was infused with warmth, passion and a fierce intelligence", Brent Belzberg said in a statement. The home was up for sale this month with a price tag of almost $7 million.

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