Author Topic: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home  (Read 18237 times)

Sap1

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http://www.cbc.ca/news/canada/toronto/barry-sherman-toronto-dead-apotex-1.4451452

Canadian pharmaceutical giant Apotex has confirmed its founder Barry Sherman and his wife, Honey Sherman, are dead, amid reports that two bodies were found in their Toronto home.

"All of us at Apotex are deeply shocked and saddened by this news and our thoughts and prayers are with the family at this time," the company said in a statement late Friday afternoon, adding that the deaths were "unexpected."

Emergency crews were called to the home at 50 Old Colony Rd. in the Bayview Avenue and Highway 401 area around 11:45 a.m. ET for a medical emergency.

That's where Toronto police say a male and a female were pronounced dead on the scene.

Deaths deemed 'suspicious'
Police have not yet confirmed the victims' identities, nor where in the home they were found. They would also not say if there were any signs of trauma to the bodies.

Speaking to reporters Friday, Det. Brandon Price said the deaths are "suspicious" but are not yet being treated as homicides.

Barry Sherman
The two people found dead in the home of a Canadian pharmaceutical executive Friday have been confirmed, by the company, to be Apotex founder Barry Sherman and his wife, Honey. (CBC)

That's because, Price said, investigators are still trying to "determine if there is foul play involved or not. And at this point we cannot say 100 per cent with certainty if there is or there is not."

"We're going to know a lot more tomorrow," he said, adding that results from post-mortem examinations have yet to be received.

Hopkinson would not say who found the bodies, but CBC Toronto has confirmed with a police source that they were found by a non-family member.

'It was picture perfect'
In an update Friday evening, police said they were not searching for a suspect and that there were no signs of forced entry to the home.

Neighbourhood resident Sarah Alvi lived across from the Shermans and said she was shocked at the sight of police activity in what she described as a lovely and quiet neighbourhood.

"We've never seen something like that on this street...  Especially with these people, everybody knows who they are ? it was really surprising, it was heartbreaking actually," she said. "Lovely people."

Old Colony
Emergency crews were called to 50 Old Colony Rd. in the Bayview Avenue and Highway 401 area around 11:45 a.m. for a medical emergency. That's where police say two people were found dead. (Katherine Brulotte/CBC)

Alvi said when she heard the Shermans were selling their home, she'd gone in "for fun, just to check it out."

At the time she said she spoke with Honey Sherman, who she knew quite a bit better than Barry Sherman. Everything seemed normal, Alvi said.

"The kids' rooms were gorgeous... It was picture perfect."

'Unwavering philanthropic leadership'
Sherman founded Apotex in 1974 after buying out his uncle's smaller company. The pharmaceutical giant produces and exports generic drugs to more than 115 countries worldwide, according to its website.

Along the way he amassed a vast fortune, recently estimated by Canadian Business magazine at $4.77 billion, making him the 15th richest person in the country. The North York home where their bodies were found was registered to both Shermans, and had recently been put on the market for approximately $7 million.

CANADA-DEATH/APOTEX
One of two bodies removed from the home of billionaire founder of Canadian pharmaceutical firm Apotex Inc., Barry Sherman and his wife Honey, who were found dead under circumstances that police described as "suspicious" Friday. (Chris Helgren/Reuters)

But while he was known for his success in the drug business, he was perhaps equally known for his generosity. The couple made numerous multimillion-dollar donations to hospitals, schools and charities and had buildings named in their honour.

"They were extremely successful in business but also very, very giving people," former Ontario premier Bob Rae told CBC News on Friday.

"He was the bane of the existence of the branded drug companies in Canada. He was not their favourite person, but he was respected," said Paul Grootendorst, associate professor at the University of Toronto's Leslie Dan Faculty of Pharmacy.

'You can't take it with you, so the best alternative is to put it to good use while you are here.'
? Barry and Honey Sherman
In a statement, Mount Sinai Hospital board chair Brent Belzberg said the hospital community was shocked at the loss.

"Barry and Honey Sherman's commitment to community, unwavering philanthropic leadership and heartfelt commitment to making a difference in people's lives was palpable in every interaction with them. Their visible leadership on our hospital and foundation board of directors was infused with warmth, passion and a fierce intelligence," the statement said.

A University of Toronto website lists the Apotex Foundation and the Shermans as donors in the range of $10 million to $25 million during 1995 and 2003. They also donated roughly $50 million to the United Jewish Appeal.

In a statement on the Jewish Foundation of Greater Toronto's website, the Shermans expressed their particular "obligation" to support the Jewish community.

"We are fortunate in being able to contribute," the couple is quoted as saying. "You can't take it with you, so the best alternative is to put it to good use while you are here."

'Great leaders'
Word of the Shermans' deaths prompted an outpouring of grief for the pair across the business and political community.

Mayor John Tory expressed his deepest condolences to the Sherman family on behalf of Toronto residents.

As a producer of more than 300 generic pharmaceutical products, Apotex has seen a fair number of litigation issues, as companies have pushed back on its efforts to sell cheaper no-name options.

One of the most high-profile of those clashes occurred when pharma giant Bristol-Myers Squibb sued Apotex in 2006 to try and stop it from selling the first generic form of the heart-disease treatment Plavix.

Over the years, Sherman faced legal action from family members, who alleged they had been cut out of the company over the years.

With files from The Canadian Press

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #1 on: December 16, 2017, 03:25:19 PM »
https://www.thestar.com/news/gta/2017/12/16/murder-suicide-is-the-working-theory-for-police-investigating-death-of-billionaire-and-his-wife.html


who would have guessed this??\jb


Murder-suicide is the working theory for police investigating death of billionaire and his wife
The bodies of Barry Sherman and his wife Honey were found in their North York mansion just before noon Friday.

Toronto police are probing the deaths of billionaire Barry Sherman and his wife with the theory that it was a murder-suicide, police sources confirm to the Star.

The bodies of Sherman, 75, and his wife Honey were found in their North York mansion just before noon Friday.

Officially, Toronto police have released little information about the deaths, beyond that they were deemed suspicious.

But police sources say police are now probing the deaths with the possibility that they were a murder-suicide.

The bodies were discovered by the couple's real estate agent Friday, who had been helping to sell the multimillion-dollar home. The agent entered the house after having not been able to get hold of the couple.

The bodies were located together, by the Shermans' indoor pool, according to a police source. The couple have four children.

Toronto police homicide squad is being consulted on the investigation, but has not taken over as lead investigators. As of Saturday afternoon, the case was being handled by detectives with Toronto police?s 33 division.

A post mortem on both bodies was being conducted on Saturday.

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #2 on: December 16, 2017, 05:03:20 PM »
http://www.cbc.ca/news/canada/toronto/autopsies-barry-sherman-honey-sherman-apotex-founder-two-bodies-north-york-1.4452684

UPDATED
Family of billionaire couple Barry and Honey Sherman slams rumours circulating ahead of autopsy results
Scene outside the home of Apotex founder and his wife became site of makeshift memorial Saturday
CBC News Posted: Dec 16, 2017 2:24 PM ET Last Updated: Dec 16, 2017 5:48 PM ET

The family of Apotex founder Barry Sherman and his wife, Honey, are criticizing reports speculating about the cause of the couple's deaths ahead of the release of autopsy findings..

In a statement released Saturday, the family said  "our parents shared an enthusiasm for life and commitment to their family and community totally inconsistent with the rumours regrettably circulated in the media as to the circumstances surrounding their deaths."

"We are shocked and think it's irresponsible that police sources have reportedly advised the media of a theory which neither their family, their friends nor their colleagues believe to be true," the statement continued.

CBC News has not reported on any unverified details about what led to their deaths. Autopsies were taking place on Saturday.

Apotex founder Barry Sherman and wife, Honey Sherman, found dead in North York home
The Sherman family statement called for a thorough and objective investigation by police and requested that media not report further on any cause of death until the investigation is complete.

Makeshift memorial set up outside home
The comments come one day after the noted philanthropist couple were found dead inside their Toronto home.

The snow-covered lot on Old Colony Road outside their home became the site of a memorial Saturday, as investigators await the results of autopsies being performed on their bodies.

Flowers and police tape could be seen outside the home, from which their bodies were removed on stretchers Friday evening.

Emergency crews were called to the home at 50 Old Colony Rd. in the Bayview Avenue and Highway 401 area around 11:45 a.m. ET Friday for reports of a medical emergency, where Toronto police say a male and a female were pronounced dead on the scene.

On Saturday, police remained tight-lipped about the investigation, reiterating that while the deaths are considered "suspicious," they are not yet being treated as homicide.

Trying to 'determine if there is foul play'
Speaking to reporters Friday night, Det. Brandon Price told reporters investigators are still trying to "determine if there is foul play involved or not. And at this point we cannot say 100 per cent with certainty if there is or there is not."

Price did confirm there were no signs of forced entry into the home and that police are not searching for any outstanding suspects.

Police said Saturday they hoped to receive the results of the autopsies later in the day.

Meanwhile, officers are interviewing the Shermans' neighbours. A number of police vehicles were parked outside the mansion on Saturday.

Sap1

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #3 on: December 16, 2017, 07:35:54 PM »
I tried to catch CBC with updates as the Coroner was to release his findings today yet, but didn't hear anything new.
Did not the same rumors begin initially regarding the Pichosky/Wise deaths in Florida as well?

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #4 on: December 17, 2017, 06:50:57 PM »
Got to thinking - They were selling their home and yes they had an agent.  However, someone could have phoned this couple with a view of looking at.... and gained entry that way.  However, whomever gained entry must have been able to go to a door to avoid security cameras. Surely this couple had security cameras?  And did they not have household staff?
Obviously not on that day.  Who would know that?

This may not be a slam dunk......

Was anything missing?  Perhaps the killer did not clean them out, but was selective in taking a few things only!  An example is the Cdn couple vacationing in Florida - the Petoski's.  Her ring was taken. ONLY!!

The autopsies will answer many questions. 
If not two homicides, then it remains to be seen whether the coroner will publicly release his findings.
jb
« Last Edit: December 17, 2017, 06:58:50 PM by jellybean »

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #5 on: December 17, 2017, 07:06:28 PM »
I am not going to remove my above post, however I just now googled this couple and here are the results of the autopsy.

https://www.thestar.com/news/gta/2017/12/17/police-await-autopsy-results-in-suspicious-deaths-of-billionaires-barry-and-honey-sherman.html

Homicide investigators take over case of billionaires Barry and Honey Sherman
Autopsy results showed ligature neck compression was the cause of death, Toronto police said, after the couple was found dead in their Toronto mansion on Friday.

Toronto police homicide investigators have taken over the investigation into the deaths of Apotex founder Barry Sherman and his wife, Honey, after autopsy results revealed the couple died from ligature neck compression.

Police said post-mortem examinations were performed on Saturday and Sunday.

The couple was found dead in their North York home just before noon on Friday. The bodies were discovered by the couple?s real estate agent, who had been helping to sell the multimillion-dollar home. The agent entered the house after not being able to contact the couple.

The bodies were located together by the Shermans? indoor pool, a police source told the Star.

Read more:

Police investigating possible murder-suicide in deaths of billionaire and his wife

Apotex billionaire Barry Sherman and his wife Honey found dead

The Sherman family issued a statement late Saturday afternoon urging police to conduct a thorough, intensive, and objective criminal investigation after several media outlets including the Star reported that police were probing the possibility of a murder-suicide as cause of death

The police statement Sunday did not indicate Toronto police were investigating a homicide or homicides, only that the homicide unit had taken over investigation of the deaths.

Sherman, the founder of generic drug giant Apotex, was one of the richest men in the country, with an estimated net worth of $4.6 billion. He built Apotex from a two-employee company in Toronto into a global pharmaceutical organization that employs more than 11,000 people around the world.

Police said circumstances of the deaths ?appear to be suspicious,? but noted they are not looking for any suspects and that there were no signs of forced entry.

After building their residence, the Shermans moved into the 50 Old Colony house in January 1991.

Police tape surrounds the home of billionaire Barry Sherman and his wife Honey one day after their bodies were found.
Police tape surrounds the home of billionaire Barry Sherman and his wife Honey one day after their bodies were found.  (ROBERT GILLIES/THE ASSOCIATED PRESS) 
On Saturday, the home page of the Apotex website memorialized Barry Sherman and the legacy he built.

?Dr. Sherman gave his life to the singular purpose of our organization ? innovating for patient affordability,? the commemoration read. ?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.

?As employees, we are proud of his tremendous accomplishments, honoured to have known him, and vow to carry on with the Apotex purpose in his honour.?

The couple had donated millions across the city, from the United Jewish Appeal to the United Way. A charitable arm of Apotex has shipped millions of dollars worth of medicine to disaster zones.

In addition to donating to charities mainly in the Toronto area, Barry Sherman was a prominent backer of the Liberal party led by Prime Minister Justin Trudeau.

This year, Karen Shepherd, the federal lobbying commissioner, said she was investigating the propriety of Sherman hosting a Liberal party fundraiser in 2015 that featured Trudeau before he was elected prime minister.

Because Sherman was registered as a lobbyist at the time, some political opponents and a political ethics group charged that the event violated federal lobbying rules. Apotex had asked a court to end the investigation, calling it an ?unanchored fishing expedition.?

Trudeau was among many prominent Canadians who expressed sorrow over the Shermans? deaths.

?Sophie (Gr?goire Trudeau) and I are saddened by news of the sudden passing of Barry and Honey Sherman,? Trudeau wrote on Twitter. ?Our condolences to their family & friends, and to everyone touched by their vision & spirit.?

The address where the bodies were found was recently listed for sale for $6.9 million. Neighbours confirmed that the property was the couple?s home.

With files from Wendy Gillis, Tamar Harris and The Canadian Press

Read more about: Quebec, Apotex, Justin Trudeau

« Last Edit: December 17, 2017, 07:26:13 PM by jellybean »

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #6 on: December 17, 2017, 08:16:57 PM »
Shocking=This article is before the autopsies.

https://globalnews.ca/news/3921034/suspicious-death-of-apotex-founder-barry-sherman-and-wife-honey/

Sources reveal details of ?suspicious? deaths of Apotex founder Barry Sherman and wife Honey
By Jessica Patton  Web Writer    Global News

The bodies of Apotex founder Barry Sherman and his wife Honey were found dead, hanging from a railing around the indoor pool in their home Friday morning, sources tell Global News.

Toronto police said they are still awaiting results from the autopsies being performed on two bodies on Saturday to confirm how exactly they died.

Sap1

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #7 on: December 18, 2017, 01:31:35 AM »
Well that still leaves it up in the air, nothing clear cut. If both were found hanging, it was not mentioned before. So that must be why police made their initial assessment as murder/suicide.
One of the articles claim that there was no break and entry into the house.
Police likely have security cams already.

Sap1

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #8 on: December 18, 2017, 01:43:47 AM »
https://www.theglobeandmail.com/news/toronto/police-investigating-deaths-of-toronto-billionaire-barry-sherman-and-wife-as-murder-suicide/article37357096/

Snipped for repetition

The Shermans, the family said, had just welcomed a new grandchild. Mr. Sherman was 75 and Ms. Sherman, 70. They had four children.

Last Monday, Ms. Sherman had e-mailed friends to book social dates on the couple's upcoming Florida trip.

"Looking forward to getting together in Florida. I am coming south Monday, December 18 - Friday, January 12," she wrote in the email.

"Barry is coming south for Monday December 25 & going home with me Jan. 12. Please let me know your dates south asap so i can place in my calendar... Looking forward to hearing back asap. Xoxo Honey"

Apotex posted a message on its website paying tribute to Mr. Sherman's entrepreneurial and philanthropic efforts. "Dr. Sherman gave his life to the singular purpose of our organization ? innovating for patient affordability," the company said. "As employees, we are proud of his tremendous accomplishments, honoured to have known him, and vow to carry on with the Apotex purpose in his honour."

Mr. Sherman's net worth was recently estimated to be $4.77-billion by Canadian Business, an online magazine, making him the 15th-richest person in Canada. He had donated widely to political and community causes after making his fortune in the pharmaceutical world.

The Shermans have handed out millions of dollars to hospitals, universities and the United Jewish Appeal. Honey was on the board of governors at York University, the Baycrest Foundation and Mount Sinai Hospital. She is also the past chair of the Jewish Foundation of Greater Toronto and former chair of the Holocaust Education Centre.

Former city councillor Mike Feldman, who has known the Sherman family for years, said relatives of the Shermans who were with Mr. Feldman vacationing in California were told by other family members in Toronto about the deaths. Mr. Feldman said the family was in a "complete state of shock" and was having trouble getting information from the police about what happened.

Mr. Feldman said family members had told him that Mr. Sherman had not been at work on Thursday, and that no one had heard from his wife that day, either.

"We don't know what happened. A family member got information and called me.? We don't want to interfere with a police investigation, but on the other hand, the kinfolk want to know about their kinfolk."

Lights were on inside the home when the bodies were discovered Friday, as police officers worked inside, illuminating what appeared to be a Frida Kahlo canvas.

Speaking to reporters outside the house, police spokesman Constable David Hopkinsonaid police did not believe there was a threat to public safety.

A neighbour said that despite their vast wealth, the Shermans lived a low-key life.

A man who identified himself as a personal trainer arrived at the scene saying he had an appointment to train Ms. Sherman. He asked if he could duck under the police tape to get inside, and was told no. He spoke briefly with officers and left visibly shaken.

Sarah Alvi lives with her family across the road from the Sherman home and has known the couple for four years. 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.

"It's heartbreaking. It's shocking," Ms. Alvi said. "Knowing who they were, it wouldn't come to your mind at all. "

Mr. Sherman had been diagnosed with prostate cancer in 2006 and had surgery that year. In 2007 he told the Globe and Mail that the operation had gone well and that he was back working fulltime.

He and his wife were well known as polar opposites in many ways. While Ms. Sherman was an outgoing socialite who had a passion for several charities, Mr. Sherman was more reserved and didn't like going to community events, according to those who knew the couple personally.

Friends and colleagues have long said that Mr. Sherman was consumed with work and that he devoted almost all of his time and energy to Apotex, frequently sleeping for only a few hours a night. He had almost no outside interests and no taste for luxury, once driving an old car into such disrepair that Ms. Sherman went out and bought him a new Mercedes.

"Barry liked to do one thing: work. He worked seven days a week and he loved it," says Murray Rubin, 87, a retired pharmaceutical industry colleague.

"He loved the action?the modus operandi of the pharmaceutical business," he says.

Mr. Rubin described the couple as kind and generous, and says he was shocked by the news of their deaths, and expressed disbelief that it could have been a murder-suicide.

"That is impossible," he said Saturday.

The news shocked other friends and business associates, some who started posting tributes online.

David Palmer, vice-president of advancement at the University of Toronto, grew to know the couple over the past decade through their philanthropy and volunteer work at U of T.

Ms. Sherman was "always very positive, she was bright, she was engaging, she was open and transparent and spoke her mind," he said. She had served with the faculty of social work's advisory committee. "She was interested in people experiencing challenges, people from disadvantaged backgrounds, and also in advanced research, particularly in the area of health sciences."

Mayor John Tory told reporters Saturday he and his colleagues are "shocked and saddened" by their deaths. "These were extraordinary citizens of the city of Toronto, and of this region and of this country."

Ms. Sherman, he said, "was a volunteer extraordinaire. She lit up any room that she came into."

Eric Hoskins, Ontario's Minister of Health and Long-Term Care, tweeted: "I am beyond words right now. My dear friends Barry and Honey Sherman have been found dead. Wonderful human beings, incredible philanthropists, great leaders in health care. A very, very sad day. Barry, Honey, rest in peace."

Prime Minister Justin Trudeau wrote on Twitter that he and his wife Sophie "are saddened by news of the sudden passing of Barry and Honey Sherman. Our condolences to their family & friends, and to everyone touched by their vision & spirit."

Businessman Frank D'Angelo cited Mr. Sherman as "my best friend and my strength."

"There are moments in life that test your intestinal fortitude. I'm weakened & heartbroken by the tragic & devastating news of the untimely death of Barry & his wife Honey," D'Angelo tweeted Friday.

Mr. Sherman was known to have bankrolled many of Mr. D'Angelo's projects over the years, including the Steelback Brewery?which ultimately racked up millions of dollars in debts before being taken over by Mr. Sherman's son, Jon, in 2008.


With reports from Tu Thanh Ha, Joe Friesen, Molly Hayes and Paul Waldie

debbiec

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #9 on: December 18, 2017, 11:56:45 AM »
Quote
Last Monday, Ms. Sherman had e-mailed friends to book social dates on the couple's upcoming Florida trip.

"Looking forward to getting together in Florida. I am coming south Monday, December 18 - Friday, January 12," she wrote in the email.

"Barry is coming south for Monday December 25 & going home with me Jan. 12. Please let me know your dates south asap so i can place in my calendar... Looking forward to hearing back asap. Xoxo Honey"

Although I am unsure if anyone yet knows the exact day that the Sherman's died, I have to wonder about the timing. They were found on Friday, only a few days before Honey Sherman was to leave for Florida. This was to have been the last few days that the couple would be in Toronto together, until January 12.

Sap1

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #10 on: December 18, 2017, 12:15:38 PM »
One article stated that Barry who had always been at work was absent on Thursday and no one heard from Honey since Thursday.

Then there is this recent article which has much repetition from media as well as videos. Snipped for a small piece that seems new.

https://globalnews.ca/news/3921922/homicide-police-barry-honey-sherman/

Excerpt:

Quote
Sherman faced legal action from family members alleging they had been cut out of the company over the years. As a producer of more than 300 generic pharmaceutical products, Apotex has itself seen a number court cases, as companies have pushed back on its efforts to sell cheaper no-name options.

Sap1

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #11 on: December 18, 2017, 12:34:23 PM »
http://nationalpost.com/news/toronto/death-of-billionaire-and-wife-suspicious-say-police-after-bodies-found-in-couples-toronto-mansion

Excerpt:

Barry did not show up for work on Thursday, an unusual occurrence for the work-obsessed man, friends said.

A medical emergency call was received at 11:44 a.m. and firefighters, ambulance and police all responded to the Sherman home.

?Two persons were found within,? said Captain David Eckerman of Toronto Fire Services.

Police said the investigation at Sherman?s sprawling estate on Old Colony Road in North York is ongoing.

?Every avenue will be explored by our investigators,? Const. David Hopkinson said outside the house.

The house is listed for sale with an asking price of $6.9 million. It features six bedrooms and nine bathrooms, an indoor and outdoor pool, underground parking for six cars with heated ramp. It has been on the market for 18 days.

They were always wanting to help the community

   
The couple bought the house in 1985 for $390,000, property records show. It was being sold under a numbered Ontario corporation with Barry Sherman listed as the sole director.

Friends say the couple was having a new home built closer to downtown Toronto.

Asked why the couple chose to list in winter ? considered to be a poor time to enter the real estate market ? the Sherman?s real estate agent Judi Gottlieb declined to comment.

?The Sherman?s were very dear friends of mine for many, many years and we?re all in shock,? she wrote in an email. ?More than this, I?m not prepared to talk about.?

The Shermans? house was the setting of a Liberal Party fundraiser with Justin Trudeau during the 2015 federal election, an event that became the subject of a probe by the federal lobbying commissioner over whether Barry Sherman breached rules against fundraising and lobbying.

Sherman?s career in the pharmaceutical industry started as a young man working with his uncle, Louis Winter, who owned Empire Laboratories.

Sherman took over the company when his uncle died in 1965, before branching out to found Apotex in 1974 and building it into a major player in the Canadian pharmaceutical industry. The company went from two employees to more than 10,000 in several countries producing more than 300 generic pharmaceuticals.

The transition would eventually cause problems between Sherman and his cousins, who launched a legal action against Sherman that spanned more than a decade. The cousins claimed they were entitled to 20% of Apotex, arguing Sherman owed them a ?fiduciary duty? as the children of Louis Winter.

An Ontario Superior Court justice in September disagreed, according to the judgment. At the time of the judgment the cousins? lawyer told the Toronto Star they planned to appeal.

Accolades for the Shermans flowed quickly on social media as news spread Friday afternoon.

Justin Trudeau, the Prime Minister, offered public condolences on Twitter.

?Sophie and I are saddened by news of the sudden passing of Barry and Honey Sherman. Our condolences to their family & friends, and to everyone touched by their vision & spirit,? he wrote.

?Deeply shocked to learn of the deaths of Honey and Barry Sherman, such remarkable people,? said former Ontario premier Bob Rae. ?Grappling with this terrible news.?

Frum said their loss will be felt by thousands.

?What hall would be big enough to hold all the people who were touched by Honey and Barry and whose lives where improved by Honey and Barry who just enjoyed the pleasure of knowing them.?

? Email: ahumphreys@nationalpost.com | Twitter:

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #12 on: December 18, 2017, 12:40:18 PM »
Every Canadian has at one time been prescribed a generic drug..... saving us lots of money over the years.  I hope his business will continue, as it could send a patients world into great debt./jb

Good point debbiec - the timing is very interesting, as she was leaving for Florida first.
For some reason, it was important to the killer, that both of them should lose their life, and this was the only opportunity that the killer had?

After reading news articles and statements made by family and friends, I do not believe it was a murder-suicide.

I wonder if this was a Murder for Hire?
I think they were murdered on Thursday, and that the murders were well planned.
To gain access to this couple would have been easy - posing as  a potential buyer for their home.
It could have been set up as a rush to view and purchase, and of course using a phony name.

In my opinion, they were targeted - but why?
Who would ever want to harm this wonderful couple?

jb.

« Last Edit: December 19, 2017, 12:37:55 PM by jellybean »

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #13 on: December 18, 2017, 03:08:57 PM »
https://www.theglobeandmail.com/news/toronto/explainer-barry-sherman-honey-sherman-apotex/article37363712/


snipped

JIM ROSS/THE GLOBE AND MAIL

The company he built
Mr. Sherman's death has caused grief at the generic-drug giant he founded, which is trying to find its way in a rapidly changing pharmaceutical industry.

Over 43 years, Mr. Sherman and Apotex made billions by reverse-engineering brand-name drugs, reproducing them and selling the cheaper alternatives. Today, the company has more than 10,000 people in research, development, manufacturing and distribution facilities worldwide, with more than 6,000 employees at its Canadian operations. Filling more than 89 million prescriptions in a year and exporting to 115 countries, the privately-held company says its worldwide sales exceed $2-billion a year.

But the company is under pressure on multiple fronts:

Industry upheaval: Governments, health providers and regulatory agencies want more generic drugs at a lower cost, pinching profits and intensifying competition between the pharmaceutical firms supplying those drugs.

 Mr. Sherman, the company?s chief formulation officer, was key to designing almost every dose formulation Apotex brought to market and specialized in getting out generic alternatives to brand-name drugs before anyone else. His death could be a serious setback to the company?s future plans.

Litigation: Over the years, Apotex has faced down major legal challenges from Big Pharma companies, notably a 2006 lawsuit from Bristol-Myers Squibb to stop their generic form of a heart-disease drug. Mr. Sherman regularly sued rival companies and governments to protect Apotex?s patents. But he also struggled with legal action from family members alleging they had been cut out of the company.

Now, Apotex has a third challenge: Choosing a successor to Mr. Sherman. The company says more information will be provided soon. In a statement, Apotex praised the founder's legacy and said it would continue:

Dr. Sherman gave his life to the singular purpose of our organization ? innovating for patient affordability. Patients around the world live healthier and more fulfilled lives thanks to his life's work, and his significant impact on health care and health-care sustainability will have an enduring impact for many years to come. As employees, we are proud of his tremendous accomplishments, honoured to have known him, and vow to carry on with the Apotex purpose in his honour.
« Last Edit: December 18, 2017, 03:17:12 PM by jellybean »

jellybean

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Re: Barry (Apotex founder) and Honey Sherman found dead in their Toronto home
« Reply #14 on: December 23, 2017, 02:38:44 PM »
Why are detectives checking sewers?

https://www.thestar.com/news/gta/2017/12/23/police-investigating-sherman-deaths-checking-sewers-for-clues.html

Police investigating Sherman deaths checking sewers for clues
Sewer searches can sometimes find objects that someone tried to stash, officer explains.

Toronto police extended their investigation into the suspicious deaths of billionaire couple Barry and Honey Sherman to the sewers near their home Saturday.

The founder of Apotex and his wife were found dead Dec. 15 in their home on Old Colony Rd., near Bayview Ave. and Highway 401.

Sewer searches can sometimes find objects that someone tried to stash, an officer outside the home explained.

Using a hydro-excavator ? a high powered truck that uses water to remove the sewer?s contents without causing damage ? and a magnet attached, Det. Richard Weller of the forensics unit explored the sewers of Old Colony Rd.

He pulled his Toronto police toque over his head as the snow fell Saturday morning. Weller, who worked from 6 a.m. to 10 p.m. Friday night on the investigation, marked observations in a notebook, and pulled up a pile of damp leaves at one point. It?ll be his job later to sort through whatever is found.

The street outside 50 Old Colony Rd., where the Sherman lived, was quiet as the search continued. A single police car was parked out front, where an officer kept a watchful eye on the scene.


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