Drug tycoon Barry Sherman found dead with wife

  • Drug tycoon Barry Sherman found dead with wife

Drug tycoon Barry Sherman found dead with wife

Tributes have begun pouring in for Barry Sherman, founder of the pharmaceutical company Apotex, and his wife, Honey, after they were found in their Toronto home.

Called to the house to attend a "medical complaint" at around midday on Friday, officers said they found no signs of forced entry to the home. They are releasing few details at this point, saying the investigation is still in the early stages and the circumstances of their death appear suspicious and we are treating it that way.

Sherman's company Apotex released a statement late Friday confirming the deaths: "We've been informed of the tragic news that Barry and Honey Sherman have unexpectedly passed away".

Mr Sherman, 75, was a prominent donor to Canada's ruling Liberal Party, drawing on a fortune that Forbes estimated at $US3.2 billion ($A4.5 billion). Sherman founded Toronto-based Apotex Inc.in 1974 with two employees, transforming into the largest Canadian-owned pharmaceutical company, CTV reported. He stepped aside in 2012 as the CEO, but remained as its executive chairman. "Once a determination has been made by the pathologist and the coroner, then we move forward from there".

Homicide investigators have joined the case, although Sherman and his wife's death has not been officially ruled as one. "As employees, we are proud of his tremendous accomplishments, honored to have known him, and vow to carry on with the Apotex goal in his honor".

The couple were known as generous donors to Toronto Jewish organizations.

Honey Sherman was a member of the board of the Baycrest Foundation and the York University Foundation.

The Shermans were among Canada's most generous philanthropists and also organized funding of charitable causes through the Apotex Foundation. She said that she last saw them two weeks ago, when they had an open house - and could not imagine anything like this happening to a pair she described as the "best neighbours" and the pride of the neighbourhood.

Prime Minister Justin Trudeau tweeted his condolences to the couple's family and friends.

"I am beyond words right now", Ontario's Health Minister Eric Hoskins said on Twitter. Wonderful human beings, incredible philanthropists, great leaders in healthcare.

Const. David Hopkinson, spokesperson for the Toronto Police Service, said police hope to receive the results of the autopsies later on Saturday.