Autopsies underway for Apotex founder Barry Sherman and wife

Autopsies underway for Apotex founder Barry Sherman and wife

A Canadian billionaire and his wife have been found dead at their home in Toronto in circumstances that police described as "suspicious".

Const. David Hopkinson would not identify the two bodies found at the home of Apotex founder Bernard "Barry" Sherman and his wife Honey.

Officers have not released many further details, but in a press conference a police spokesperson said the deaths were "suspicious" but are not yet being treated as homicides.

Apotex, in a statement on Saturday, hailed its growth from a two-person firm Sherman started in 1974 to a global giant - one of the world's largest generic drug makers, employing some 11,000 people including more than 6,000 in Canada.

Apotex said in a statement: "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".

Canadian Prime Minister Justin Trudeau extended his condolences "to their family and friends, and to everyone touched by their vision and spirit".

Forbes has estimated Mr. Sherman's fortune at $3.2 billion.

Police found out about the Shermans' deaths at about midday Friday, while responding to an emergency call.

The Sherman's had recently put their house up for sale at the price of C$7 million equal to approximately $5.4 billion.

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

Investigators are still attempting to "determine if there is foul play involved or not", Detective Brandon Price told reporters, "and at this point we can not say 100% with certainty if there is or there is not".

And the Shermans were generous with their largesse, doling out tens of millions of dollars to universities, hospitals and the United Jewish Appeal, according to the Globe and Mail, a Canadian newspaper.

The couple had four children.

The couple had become known in Canada for their philanthropy, and their deaths sent shock waves through the country's political elite.

"I am beyond words right now".

"At this point we are not now seeking a suspect", Toronto police homicide Det. "Wonderful human beings, incredible philanthropists, great leaders in health care". A very, very sad day.

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

Sherman was born in Toronto, Canada in 1942 and was the youngest to ever enter into the University of Toronto's Engineering Science program at age 16.

"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.