awk:
awk '/^>/&&NR>1{print "";}{ printf "%s",/^>/ ? $0" ":$0 }' YourFile sed:
sed -n '1{x;d;x};${H;x;s/\n/ /1;s/\n//g;p;b};/^>/{x;s/\n/ /1;s/\n//g;p;b};H' YourFile
05-08 08:12