Apotex, Barry Sherman’s ‘fifth child,’ sold to American buyer as police continue to probe his murder. Founded in 1974, Apotex was sold on Wednesday to a New York private equity firm for an undisclosed amount.
brain was alive with schemes and ideas that would eventually take him to the heights of the Canadian business and philanthropy scene.
Apotex was widely known as Sherman’s fifth child. He and Honey had three daughters and a son but as friends and family have told the Star, he focused the majority of his attention on the generic pharmaceutical firm. When Sherman founded Apotex, the name he chose was one of hundreds that he and his best friend and early business partner had brainstormed over for years as far back as high school when they tried to imagine the type of business they would one day start. They’d always liked the suffix “tex” and the original word for a drugstore was “apothecary” and so Apo-tex was born. Eventually, the hyphen was dropped.
Despite fears of teachers that Sherman was “slow” he proved them wrong by leading Ontario high school students in academic honours the year he graduated. It was on to the University of Toronto and then the Massachusetts Institute of Technology where he got both a masters and a Ph.D. in just a few years. He was headed to a job at NASA but was attracted by his uncle Lou Winter’s fledgling work in generic pharmaceuticals. Sherman bought Winter’s company, then sold it, then started Apotex in 1974.
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