No Arrests in Murder of Apotex Founder and Wife Nearly One Year After

Crime Scene Police Tape in layers

Nearly one year after the bodies of Apotex founder Barry Sherman and his wife Honey were found in their Toronto home, there is still no answer as to who murdered the couple.

The bodies of the Shermans, 75 and 70 years of age respectively, were discovered Dec. 15, 2017 in their home by a real estate agent who was helping them sell their property. Initially, there were questions about the deaths that raised the idea of a murder-suicide. However, those questions quickly turned to murder after autopsy results showed the couple died from “ligature neck compression.” Homicide investigators took over the investigation last December, yet to this day, there have been no arrests made in the case.

Bloomberg Businessweek published a deep-dive into the life of the Shermans and the issues surrounding their death. “No one knows who did it, or why, but everyone has a theory,” the article’s subhead reads. Writer Matthew Campbell provides an in-depth look at the discovery of the Sherman’s bodies, as well as a history of their marriage and work at Apotex, a company responsible for about 20 percent of the prescription medications in Canada.

Sherman started Canadian generic drugmaker Apotex Inc. with two employees in Canada. Over the years he built it into a company that employs more than 11,000 people with a global presence. A billionaire, Sherman was known for his charitable work through the charitable organization set up by Apotex. Through The Apotex Foundation, Sherman donated more than $50 million to a number of charitable organizations in Canada as well as around the world, as well as a number of university programs in Canada.

Following the deaths, Apotex posted a tribute to its founder and lionized him for his dedication to the company, preserving its Canadian roots and being a good steward in the community.

As Bloomberg noted, the Shermans were well known in Canada and their deaths rocked the nation last year. From the article, the police, as well as private investigators hired by the Shermans' children, have spent the last 10 months attempting to investigate, despite some issues with the crime scene. Police, Bloomberg reported, found no evidence of a break-in, and Campbell described the method of death as “personal, even intimate.” The scene was also “tidy,” which Campbell said indicated the work of professionals. All of that has led to a number of theories that have placed the murders on rival drugmakers, disgruntled Apotex employees and gangsters.

The extensive Bloomberg article explores Sherman’s rise with Apotex, as well as some of the conflicts and lawsuits he had been involved with over the course of his life, including some that were ongoing at the time of his death. In the article, Campbell shares details of his interviews with some of the individuals Sherman had been involved with and who could be considered a potential suspect in the crime.

Despite his detailed report, Campbell noted that it “looks increasingly unlikely that anyone will be arrested for their murders. There’s little sign of momentum in either the police or private investigations; a person close to the family said recent police updates have tended to cover leads that haven’t panned out.”

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