WALTHAM, Mass.--(BUSINESS WIRE)--NeuroMetrix, Inc. (Nasdaq: NURO), a health care company transforming patient care through neurotechnology, today announced that the Compensation Committee of NeuroMetrix’s Board of Directors granted an inducement stock option to purchase up to 100,000 shares of common stock to Krishnamurthy Balachandran, its newly appointed Senior Vice President & General Manager, International on April 19, 2010.