Billionaire founder of Canada drug firm in ‘suspicious’ death
Canada Prime Minister Justin Trudeau said he was saddened by news of the sudden passing of Barry and Honey Sherman
Ottawa: Canada’s global pharmaceutical giant Apotex has confirmed the death of its billionaire founder Barry Sherman, after police reported two “suspicious” deaths at the couple’s upscale Toronto home.
Police did not identify the victims, who were found on Friday, but Canadian media named them as Sherman and his wife Honey, prominent Canadians whose deaths sparked an outpouring of grief among the country’s political elite. “We’ve been informed of the tragic news that Barry and Honey Sherman have unexpectedly passed away,” said the Twitter account of Apotex, which Sherman founded in 1974.
The company, which made its name producing generic drugs, grew to employ more than 11,000 people worldwide. Toronto Police said on Twitter that “two people (were) found deceased in a home” in the Bayview Avenue and Old Colony Road area, after officers responded to a medical call around noon on Friday.
They labelled the deaths suspicious but, according to Canadian media, clarified that no suspects were being sought. Prime Minister Justin Trudeau said he was “saddened by news of the sudden passing of Barry and Honey Sherman.”
He spoke on Twitter of the “vision and spirit” of the couple known for their philanthropy. Linda Frum, a member of the Canadian Senate, said she was “gutted by the loss” of the couple, two weeks after presenting a Senate medal “to one of the kindest and most beloved members of Canada’s Jewish community.”
They were “remarkable people,” said Bob Rae, former premier of Ontario province which includes Toronto. “Grappling with this terrible news,” he wrote on Twitter. Canadian media said the Shermans had recently put their home up for sale with a price of around Can$7 million ($5.5 million).
Forbes lists Sherman as one of the country’s richest men, with a net worth of $3 billion.
- Jet Airways to make part payment of September salary to senior staffers on October 25
- Q2 results: HDFC Bank net profit rises 20.6% to Rs 5006 crore
- Govt, board eye asset sales to turn IL&FS around in six months
- Jet Airways sets jet sale, leaseback plan in motion to raise $800 mn
- Lenders accept ArcelorMittal resolution plan for Essar Steel
Editor's Picks »
- Opinion | Reviewing the Competition Act
- North-east monsoon set to make its onset around 26 October: IMD
- Audi’s electric SUV faces 4-week delay because of software bug
- Five of top-10 Indian firms add ₹31,381 crore in m-cap, ITC tops the chart
- September GST returns filing date extended by 5 days to 25 October
- Policy rethink and higher volumes to aid container shippers
- DCB Bank delivers a strong Q2 but pressure on margins foreseen
- Havells India: Rising costs give a jolt to profitability in September quarter
- All’s well at Mindtree, except for high client concentration risk
- India’s rising steel demand is making companies starry-eyed