Apotex Inc., the Toronto-based pharmaceutical company that employs more than 6,000 people across Canada and 11,000 worldwide, faces challenges on a number of fronts as the firm and its employees grapple with the sudden death of Barry Sherman, its founder and chair.
The generic drug-maker, the largest Canadian-owned pharmaceutical company with an estimated $1.6 billion in 2016 sales, said Tuesday that its sole preoccupation is with navigating through a very difficult loss. Sherman, 75, and his wife, Honey, 70, were found dead in their North York home just before noon Friday. A police investigation into the cause of the deaths continues.
“Our focus right now is on supporting our employees and the Sherman family through this terrible tragedy,” said spokesman Jordan Berman, suggesting any other discussions would take place in due course and at the appropriate time.
The most pressing issue might be one of leadership.