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Bernard Sherman Net Worth: Apotex Chairman And Wife Found Dead In Canada

Bernard Sherman Net Worth: Apotex Chairman And Wife Found Dead In Canada

Staff Sgt. Jeff Taylor of Toronto police's 33 Division said officers were called shortly before noon to the home at 50 Old Colony Rd., near Bayview Ave. and Highway 401.

Tributes poured in from prominent Canadians, including Prime Minister Justin Trudeau, after the sudden deaths of billionaire pharmaceutical executive Bernard "Barry" Sherman and his wife shocked the country's corporate and political worlds. The company undercut name-brand drugs by producing cheaper generic versions. When the real estate agent in charge of the sale was preparing the home to hold an open house, she discovered the bodies of the couple in the home's basement, reported a local paper.

Apotex is the seventh largest generic drug maker in the world with more than 11,000 employees with annual sales of over C$2 billion across 45 countries.

Today, the company has more than 10,000 people in research, development, manufacturing and distribution facilities world-wide, with more than 6,000 employees at its Canadian operations.

Sherman stepped down as chief executive in 2012 but remained Apotex's executive chairman.

Sherman's wife, Honey, was a member of the board of the Baycrest Foundation and the York University Foundation. They previously indicated that there were no signs of forced entry into the home and that they were not seeking any suspects.

In response to the news of their deaths, Mr Trudeau tweeted: "Our condolences to their family & friends, and to everyone touched by their vision & spirit". Sherman and his wife have four children together.

Police said homicide investigators are involved in the case, though the deaths have not officially been classified as homicides. 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.

"I am gutted by the loss of Honey and Barry Sherman".

Eric Hoskins, health minister of Ontario province, described the couple as "incredible philanthropists".

Their neighbors, business associates and some of Canada's most powerful politicians said they were saddened by the deaths.

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