Drug tycoon Barry Sherman found dead with wife

Drug tycoon Barry Sherman found dead with wife

Drug tycoon Barry Sherman found dead with wife

Police are investigating the deaths of Toronto billionaire Barry Sherman and his wife, Honey, as a murder-suicide.

"It is with profound sadness that we announce the unexpected passing of our founder, Dr Bernard C. Sherman, chairman of the board of the Apotex Group of Companies, at the age of 75, and his wife Honey Sherman", it said in a statement.

Police described the deaths on Friday as suspicious.

Apotex, which was founded and owned by Sherman, is one of the world's biggest pharmaceutical companies.

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".

'Our condolences to their family & friends, and to everyone touched by their vision & spirit, ' Prime Minister Justin Trudeau wrote on Twitter.

His fortune was recently estimated to be $4.77 billion by Canadian Business magazine, making him the 15th richest person in Canada.

Const. David Hopkinson said emergency crews were dispatched out as a medical call initially to the Sherman home, located on Old Colony Road near Bayview Avenue and Highway 401, just before 11:45 a.m. Friday.

He declined to say whether the bodies showed signs of trauma and did not provide details on the time or cause of death.

The Shermans recently listed their home for sale for almost 7 million Canadian dollars, about $5.4 million.

Police will combine the autopsy results with the findings of their investigation before coming to a conclusion about what happened.

The paper also said that the bodies were "found hanging side by side next to their indoor pool", something that other Canadian outlets later repeated, citing police sources. We are only investigating that as such right now. Neighbours confirmed that the property was the couple's home.

The couple was known for their philanthropy, giving tens of millions to hospitals, universities and Jewish organizations, the Canadian Broadcasting Corporation reported. "Wonderful human beings, incredible philanthropists, great leaders in health care". Sherman and his wife have four children together. A very, very sad day.

Police said later Friday evening that they are not now seeking any suspects but are keeping an open mind on all possibilities.

Honey was on the board of governors at York University, the Baycrest Foundation and Mount Sinai Hospital.

"Patients around the world live healthier and more fulfilled lives thanks to his life's work, and his significant impact on healthcare and healthcare sustainability will have an enduring impact for many years to come", the company said. They also donated roughly $50 million to the United Jewish Appeal.

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